Learn CW Investment Corporation Extends Period to Consummate Initial Business Combination

Rhea-AI Summary

Learn CW Investment , a special purpose acquisition company, has extended the deadline for its initial business combination by one month, moving it from July 13, 2024, to August 13, 2024. This extension marks the tenth of up to twelve permissible one-month extensions, as allowed under the company’s governing documents, amended following an Extraordinary General Meeting held on October 11, 2023. The extension was made possible by a timely deposit of $150,000 into the company's trust account.

Positive

• None.

Negative

• The extension indicates a delay in finalizing the initial business combination, which could be seen as a lack of progress.
• The need for multiple extensions (now the tenth) may suggest challenges or difficulties in completing the business combination.

LOS ANGELES--(BUSINESS WIRE)-- Learn CW Investment Corporation (the “Company,” “we” or “our”), a special purpose acquisition company, announced today that it has further extended the period of time the Company will have to consummate its initial business combination by an additional one month from July 13, 2024 to August 13, 2024 (the “Extension”) through the timely deposit of an aggregate of $150,000 into the Company’s trust account. This Extension is the tenth of up to twelve one-month extensions permitted under the Company’s governing documents, as amended pursuant to the Extraordinary General Meeting of the Company shareholders that took place on October 11, 2023.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240711511296/en/

Learn CW Investment Corporation

Harry Bator

harry@learn.vc

Source: Learn CW Investment Corporation

FAQ

What is the new deadline for Learn CW Investment 's initial business combination?

The new deadline for Learn CW Investment 's initial business combination is August 13, 2024.

How many extensions has Learn CW Investment taken for its business combination?

Learn CW Investment has taken ten extensions for its business combination.

What is the stock symbol for Learn CW Investment ?

The stock symbol for Learn CW Investment is LCW.

How much did Learn CW Investment deposit to extend the business combination deadline?

Learn CW Investment deposited $150,000 to extend the business combination deadline.

When was the Extraordinary General Meeting for Learn CW Investment held?

The Extraordinary General Meeting for Learn CW Investment was held on October 11, 2023.