Americas Technology Acquisition Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination
Americas Technology Acquisition Corp. (NYSE: ATA.U) has announced a deposit of $1,150,000 into its trust account, equating to $0.10 per share. This payment allows the company to extend the deadline for its initial business combination from March 17, 2022, to June 17, 2022. This marks the second of two three-month extensions permitted under its governing structure. The company specializes in merging with businesses in technology, media, and telecommunications sectors.
- Extension allows additional time for potential business combination, offering strategic advantages.
- Deposit demonstrates the company's commitment to its shareholders by enhancing trust account liquidity.
- Repeated extensions may indicate difficulties in finalizing a business combination.
- The need for an extension could reflect a lack of viable acquisition targets.
Dallas, TX, March 14, 2022 (GLOBE NEWSWIRE) -- Americas Technology Acquisition Corp. (NYSE: ATA.U) (the “Company”), announced today that an aggregate of
About Americas Technology Acquisition Corp.
Americas Technology Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, or other similar business combination with one or more businesses or entities with an initial focus on technology, media, and telecommunications verticals.
Cautionary Note Regarding Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
Jorge Marcos
Chief Executive Officer
Americas Technology Acquisition Corp.
(303) 885-8688
FAQ
What is the purpose of the $1,150,000 deposit by Americas Technology Acquisition Corp.?
How does the extension affect the shareholders of ATA-UN?
What is the new deadline for the business combination for ATA-UN?
Is this the first extension for Americas Technology Acquisition Corp.?
What sectors does Americas Technology Acquisition Corp. focus on for potential acquisitions?
