Learn CW Investment Corporation Announces Intention to Extend Period to Consummate Initial Business Combination

Rhea-AI Summary

Learn CW Investment Corporation plans to extend the period for its initial business combination by one month, from July 13, 2023, to August 13, 2023. The extension is subject to a deposit of $115,000 into the company's trust account by July 13, 2023. This is the fourth extension allowed under the company's governing documents.

LOS ANGELES--(BUSINESS WIRE)-- Learn CW Investment Corporation (the “Company,” “we” or “our”), a special purpose acquisition company, announced today that the Company intends to further extend the period of time the Company will have to consummate its initial business combination by an additional one month from July 13, 2023 to August 13, 2023 (the “Extension”), subject to the timely deposit of an aggregate of $115,000 into the Company’s trust account on or prior to July 13, 2023. This Extension is the fourth of up to six one-month extensions permitted under the Company’s governing documents.

About the Company

Learn CW Investment Corporation is a blank check company formed as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Forward-Looking Statements

This press release 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. Forward-looking statements are subject to numerous conditions, risks and changes in circumstances, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertakings 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.

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Media Requests

Learn CW Investment Corporation

Charlotte Jerbic

Info@LearnCWInvestmentCorp.com

+1-424-324-2990

Source: Learn CW Investment Corporation

FAQ

What is the name of the company extending its business combination period?

The company extending its business combination period is Learn CW Investment Corporation.

What is the new deadline for the business combination?

The new deadline for the business combination is August 13, 2023.

How many extensions are allowed for the business combination period?

Up to six one-month extensions are permitted for the business combination period.

What is the required deposit for the extension?

The company must deposit an aggregate of $115,000 into its trust account by July 13, 2023.