HHG Capital Corporation Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
HHG Capital has announced an extension to its deadline for completing a business combination. The company deposited $0.0333 per outstanding ordinary share into its trust account on August 23, 2024, extending the completion period by one month to September 23, 2024.
This extension applies to shares issued in the company's initial public offering that have not been redeemed and are held by shareholders who haven't waived their rights to receive extension payments. The extension payments have been ongoing since September 23, 2022.
The primary purpose of this extension is to provide HHG Capital with additional time to finalize a business combination, demonstrating the company's commitment to finding a suitable merger or acquisition target.
HHG Capital ha annunciato un'estensione della sua scadenza per completare una fusione aziendale. La società ha depositato $0,0333 per azione ordinaria in circolazione sul suo conto fiduciario il 23 agosto 2024, estendendo il periodo di completamento di un mese fino al 23 settembre 2024.
Questa estensione si applica alle azioni emesse nell'offerta pubblica iniziale della società che non sono state rimborsate e sono detenute da azionisti che non hanno rinunciato ai loro diritti di ricevere i pagamenti di estensione. I pagamenti di estensione sono in corso dal 23 settembre 2022.
Lo scopo principale di questa estensione è fornire a HHG Capital ulteriore tempo per finalizzare una fusione aziendale, dimostrando l'impegno della società a trovare un obiettivo di fusione o acquisizione adeguato.
HHG Capital ha anunciado una extensión de su fecha límite para completar una combinación empresarial. La compañía depositó $0.0333 por acción ordinaria en circulación en su cuenta fiduciaria el 23 de agosto de 2024, extendiendo el período de finalización por un mes hasta el 23 de septiembre de 2024.
Esta extensión se aplica a las acciones emitidas en la oferta pública inicial de la compañía que no han sido canjeadas y que son mantenidas por accionistas que no han renunciado a sus derechos a recibir pagos de extensión. Los pagos de extensión han estado en curso desde el 23 de septiembre de 2022.
El objetivo principal de esta extensión es proporcionar a HHG Capital tiempo adicional para finalizar una combinación empresarial, demostrando el compromiso de la compañía de encontrar un objetivo adecuado de fusión o adquisición.
HHG Capital는 사업 조합 완료 기한 연장을 발표했습니다. 회사는 2024년 8월 23일에 신탁 계좌에 주당 $0.0333을 예치하여 완료 기간을 한 달 연장하여 2024년 9월 23일로 설정했습니다.
이 연장은 회사의 초기 공개 발행에서 발행된 환매되지 않은 주식에 적용되며, 연장 지불을 받을 권리를 포기하지 않은 주주가 보유하고 있습니다. 연장 지불은 2022년 9월 23일부터 이루어지고 있습니다.
이 연장의 주요 목적은 HHG Capital이 사업 조합을 마무리할 추가 시간을 제공하여 적합한 합병 또는 인수 대상을 찾겠다는 회사의 의지를 보여주는 것입니다.
HHG Capital a annoncé une prolongation de son délai pour finaliser une combinaison d'entreprises. La société a déposé 0,0333 $ par action ordinaire en circulation sur son compte fiduciaire le 23 août 2024, prolongeant ainsi la période de finalisation d'un mois jusqu'au 23 septembre 2024.
Cette prolongation s'applique aux actions émises lors de l'introduction en bourse de la société qui n'ont pas été rachetées et sont détenues par des actionnaires qui n'ont pas renoncé à leur droit de recevoir des paiements de prolongation. Les paiements de prolongation sont en cours depuis le 23 septembre 2022.
Le principal objectif de cette prolongation est de donner à HHG Capital du temps supplémentaire pour finaliser une combinaison d'entreprises, démontrant ainsi l'engagement de la société à trouver une cible de fusion ou d'acquisition appropriée.
HHG Capital hat eine Verlängerung der Frist für den Abschluss einer Unternehmenszusammenführung angekündigt. Das Unternehmen hat am 23. August 2024 0,0333 $ pro ausgegebene Stammaktie auf sein Treuhandkonto eingezahlt und den Abschlusszeitraum um einen Monat bis zum 23. September 2024 verlängert.
Diese Verlängerung gilt für Aktien, die bei der ursprünglichen öffentlichen Zeichnung des Unternehmens ausgegeben wurden, die nicht zurückgegeben wurden und von Aktionären gehalten werden, die auf ihr Recht auf Erhalt von Verlängerungszahlungen nicht verzichtet haben. Die Verlängerungszahlungen erfolgen seit dem 23. September 2022.
Der Hauptzweck dieser Verlängerung besteht darin, HHG Capital zusätzliche Zeit zu geben, um eine Unternehmenszusammenführung abzuschließen, was das Engagement des Unternehmens zeigt, ein geeignetes Fusion- oder Übernahmeziel zu finden.
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SINGAPORE, SINGAPORE / ACCESSWIRE / August 23, 2024 / HHG Capital Corporation (the "Company") announced today that the Company made a deposit on August 23, 2024 to the trust account and extended the amount of time it has available to complete a business combination from August 23, 2024 to September 23, 2024, by depositing
About HHG Capital Corporation
The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on industries that complement its management team's background. The Company is led by Chee Shiong (Keith) Kok, the Company's Chief Executive Officer, and Shuk Man (Lora) Chan, the Company's Chief Financial Officer.
Forward Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the Company's search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Contact:
HHG Capital Corporation
Chee Shiong (Keith) Kok
Chief Executive Officer
1 Commonwealth Lane
#03-20, Singapore, 149544
Email: hhgcapitalcorp@gmail.com
SOURCE: HHG Capital Corp
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