Learn CW Investment Corporation Extends Period to Consummate Initial Business Combination

Rhea-AI Summary

Learn CW Investment has announced an extension of its deadline to complete its initial business combination. The new deadline is July 13, 2024, extended by one month from June 13, 2024.

This extension was made possible by a deposit of $150,000 into the company's trust account. This marks the ninth extension out of a possible twelve, as per the company's governing documents amended during the Extraordinary General Meeting on October 11, 2023.

Positive

• Extension provides additional time to secure a desirable business combination.
• Deposit of $150,000 into the trust account shows financial commitment and stability.
• Flexibility to extend up to twelve months offers strategic planning opportunities.

Negative

• Ninth extension may indicate challenges in finding a suitable business combination.
• Potential investor concerns about prolonged uncertainty and delays.
• Additional extensions could lead to increased operational costs.

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 June 13, 2024 to July 13, 2024 (the “Extension”) through the timely deposit of an aggregate of $150,000 into the Company’s trust account. This Extension is the ninth 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/20240611363059/en/

Media Requests

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 business combination?

The new deadline is July 13, 2024, extended from June 13, 2024.

How many extensions has Learn CW Investment used?

The company has used nine out of a possible twelve one-month extensions.

How much did Learn CW Investment deposit for the extension?

The company deposited $150,000 into its trust account for the extension.

When was the amendment for the extensions approved?

The amendment was approved during the Extraordinary General Meeting on October 11, 2023.

What is the stock symbol for Learn CW Investment ?

The stock symbol is LCW.