HHG Capital Corporation Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

Rhea-AI Summary

HHG Capital has extended the period to consummate a business combination by depositing funds into the trust account. The extension allows the company more time to finalize a potential merger or acquisition.

SINGAPORE / ACCESSWIRE / April 23, 2024 / HHG Capital Corporation (the "Company") announced today that the Company made a deposit on April 23, 2024 to the trust account and extended the amount of time it has available to complete a business combination from April 23, 2024 to May 23, 2024, by depositing $0.0333 for each issued and outstanding company ordinary share issued in the Company's initial public offering that has not been redeemed held by shareholders who have not waived rights to receive any portion of any extension payment deposited by the Company in connection with its extension starting from September 23, 2022. The purpose of the extension is to provide time for the Company to complete a business combination.

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 Corporation Units

View the original press release on accesswire.com

FAQ

What did HHG Capital announce regarding the trust account?

HHG Capital announced an additional contribution to the trust account to extend the period to consummate a business combination.

When did HHG Capital make the deposit to the trust account?

HHG Capital made the deposit on April 23, 2024.

How much time has been extended for the completion of a business combination?

The period to complete a business combination has been extended from April 23, 2024, to May 23, 2024.

What amount was deposited for each issued and outstanding company ordinary share?

HHG Capital deposited $0.0333 for each issued and outstanding company ordinary share.

Why did HHG Capital extend the time for a business combination?

The extension was made to provide more time for the Company to complete a business combination.