HHG Capital Corporation Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
HHG Capital (NASDAQ: HHGCU) has announced an extension of its deadline to complete a business combination. The company deposited funds into its trust account on July 22, 2024, extending the available time from July 23, 2024, to August 23, 2024.
The deposit amounts to $0.0333 per outstanding ordinary share issued in the company's initial public offering, excluding redeemed shares and those held by shareholders who waived their rights to extension payments. This extension applies to payments starting from September 23, 2022.
The primary purpose of this extension is to provide HHG Capital with additional time to finalize a business combination. This move demonstrates the company's commitment to completing a merger or acquisition within the extended timeframe.
HHG Capital (NASDAQ: HHGCU) ha annunciato un prolungamento della scadenza per completare una combinazione aziendale. L'azienda ha depositato fondi nel proprio conto fiduciario il 22 luglio 2024, estendendo il tempo disponibile dal 23 luglio 2024 al 23 agosto 2024.
Il deposito ammonta a $0.0333 per ogni azione ordinaria in circolazione emessa nell'offerta pubblica iniziale dell'azienda, escludendo le azioni riscattate e quelle detenute da azionisti che hanno rinunciato ai propri diritti sui pagamenti per l'estensione. Questa estensione si applica ai pagamenti a partire dal 23 settembre 2022.
Lo scopo principale di questo prolungamento è fornire a HHG Capital ulteriore tempo per finalizzare una combinazione aziendale. Questa mossa dimostra l'impegno dell'azienda a completare una fusione o acquisizione entro il termine esteso.
HHG Capital (NASDAQ: HHGCU) ha anunciado una prórroga de su plazo para completar una combinación empresarial. La empresa depositó fondos en su cuenta fiduciaria el 22 de julio de 2024, extendiendo el tiempo disponible del 23 de julio de 2024 al 23 de agosto de 2024.
El depósito asciende a $0.0333 por cada acción ordinaria pendiente emitida en la oferta pública inicial de la empresa, excluyendo las acciones redimidas y aquellas mantenidas por accionistas que renunciaron a sus derechos sobre los pagos por extensión. Esta prórroga se aplica a los pagos a partir del 23 de septiembre de 2022.
El propósito principal de esta extensión es proporcionar a HHG Capital tiempo adicional para finalizar una combinación empresarial. Este movimiento demuestra el compromiso de la empresa con la finalización de una fusión o adquisición dentro del tiempo ampliado.
HHG Capital (NASDAQ: HHGCU)가 사업 결합을 완료하기 위한 마감 기한 연장을 발표했습니다. 회사는 2024년 7월 22일에 신탁 계좌에 자금을 예치하여 2024년 7월 23일에서 2024년 8월 23일로 이용 가능한 시간을 연장했습니다.
예치금은 발행된 보통주 1주당 $0.0333으로, 회사의 초기 공모에서 발행된 주식이며, 환매된 주식과 연장 지급에 대한 권리를 포기한 주주가 보유한 주식은 제외됩니다. 이 연장은 2022년 9월 23일부터 시작되는 지급에 적용됩니다.
이번 연장의 주요 목적은 HHG Capital에 사업 결합을 완료할 수 있는 추가 시간을 제공하는 것입니다. 이 조치는 회사가 연장된 시간 내에 합병 또는 인수를 완료하겠다는 의지를 보여줍니다.
HHG Capital (NASDAQ: HHGCU) a annoncé une prolongation de son délai pour finaliser une combinaison d'affaires. L'entreprise a déposé des fonds sur son compte fiduciaire le 22 juillet 2024, prolongeant le temps disponible du 23 juillet 2024 au 23 août 2024.
Le dépôt s'élève à 0,0333 $ par action ordinaire en circulation émise lors de l'offre publique initiale de l'entreprise, à l'exclusion des actions rachetées et de celles détenues par des actionnaires ayant renoncé à leurs droits sur les paiements d'extension. Cette prolongation s'applique aux paiements à partir du 23 septembre 2022.
Le but principal de cette prolongation est de donner à HHG Capital du temps supplémentaire pour finaliser une combinaison d'affaires. Ce mouvement démontre l'engagement de l'entreprise à achever une fusion ou une acquisition dans le délai prolongé.
HHG Capital (NASDAQ: HHGCU) hat eine Verlängerung seiner Frist zum Abschluss einer Unternehmenszusammenlegung angekündigt. Das Unternehmen hat am 22. Juli 2024 Mittel auf sein Treuhandkonto eingezahlt, wodurch die verfügbare Zeit von 23. Juli 2024 auf 23. August 2024 verlängert wird.
Die Einzahlung beträgt $0.0333 pro ausstehender Stammaktie, die im Rahmen des Börsengangs des Unternehmens ausgegeben wurde, mit Ausnahme von zurückgekauften Aktien und solchen, die von Aktionären gehalten werden, die auf ihre Rechte auf Verlängerungszahlungen verzichtet haben. Diese Verlängerung gilt für Zahlungen ab 23. September 2022.
Der Hauptzweck dieser Verlängerung besteht darin, HHG Capital zusätzliche Zeit zu geben, um eine Unternehmenszusammenlegung abzuschließen. Dieser Schritt zeigt das Engagement des Unternehmens, eine Fusion oder Übernahme innerhalb des verlängerten Zeitrahmens abzuschließen.
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SINGAPORE / ACCESSWIRE / July 22, 2024 / HHG Capital Corporation (NASDAQ:HHGCU) (the "Company") announced today that the Company made a deposit on July 22, 2024 to the trust account and extended the amount of time it has available to complete a business combination from July 23, 2024 to August 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.
View the original press release on accesswire.com
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