STOCK TITAN

Learn CW Investment Corporation Extends Period to Consummate Initial Business Combination

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Learn CW Investment (LCW), a special purpose acquisition company, has extended its deadline to complete an initial business combination. The extension moves the deadline from September 13, 2024, to October 13, 2024. This extension was secured through a $150,000 deposit into the company's trust account. It marks the twelfth and final one-month extension permitted under the company's governing documents, as amended in the Extraordinary General Meeting held on October 11, 2023. This move gives LCW additional time to finalize a potential business combination, which is important for its future operations and investor interests.

Learn CW Investment (LCW), una società di acquisizione per scopi speciali, ha prolungato la scadenza per completare una combinazione aziendale iniziale. Il termine è stato posticipato da 13 settembre 2024 a 13 ottobre 2024. Questa estensione è stata ottenuta grazie a un deposito di 150.000 dollari nel conto fiduciario della società. Rappresenta la dodicesima e ultima estensione di un mese consentita dai documenti di regolamentazione dell'azienda, come modificato nell'Assemblea Generale Straordinaria tenutasi il 11 ottobre 2023. Questa decisione offre a LCW ulteriore tempo per finalizzare una potenziale combinazione aziendale, fondamentale per le sue operazioni future e gli interessi degli investitori.

Learn CW Investment (LCW), una compañía de adquisición con propósito especial, ha ampliado su plazo para completar una combinación empresarial inicial. La nueva fecha límite se mueve del 13 de septiembre de 2024 al 13 de octubre de 2024. Esta extensión se logró mediante un depósito de $150,000 en la cuenta fiduciaria de la empresa. Marca la duodécima y última extensión de un mes permitida según los documentos de gobernanza de la compañía, enmendados en la Junta General Extraordinaria celebrada el 11 de octubre de 2023. Este movimiento le da a LCW tiempo adicional para finalizar una posible combinación empresarial, lo que es importante para sus operaciones futuras y los intereses de los inversores.

Learn CW Investment (LCW), 특별목적인수법인, 이 마감일을 연장했습니다 비즈니스 초기 조합 마감일을 마감합니다. 연장은 2024년 9월 13일에서 2024년 10월 13일로 연장됩니다. 이 연장은 15만 달러의 보증금을 회사의 신탁계좌에 입금함으로써 확보되었습니다. 이는 제12차이자 마지막 1개월 연장으로, 2023년 10월 11일에 열린 Extraordinary General Meeting에서 개정된 회사의 규정에 따라 허용됩니다. 이 조치는 LCW가 잠재적인 비즈니스 조합을 마무리하는 데 추가 시간을 제공하며, 이는 향후 운영 및 투자자 이익에 중요합니다.

Learn CW Investment (LCW), une société d'acquisition à but spécial, a prolongé son délai pour finaliser une combinaison commerciale initiale. La nouvelle date limite passe de 13 septembre 2024 au 13 octobre 2024. Cette extension a été obtenue grâce à un dépôt de 150 000 $ sur le compte de fiducie de l'entreprise. Cela marque la douzième et dernière extension d'un mois autorisée par les documents de gouvernance de la société, modifiés lors de l'Assemblée Générale Extraordinaire tenue le 11 octobre 2023. Cette décision donne à LCW du temps supplémentaire pour finaliser une combinaison commerciale potentielle, ce qui est crucial pour ses opérations futures et les intérêts des investisseurs.

Learn CW Investment (LCW), ein Unternehmen für spezielle Zweckakquisitionen, hat die Frist verlängert, um eine erste Geschäfts- kombination abzuschließen. Die Frist wurde von 13. September 2024 auf 13. Oktober 2024 verschoben. Diese Verlängerung wurde durch eine Einzahlung von 150.000 Dollar auf das Treuhandkonto des Unternehmens gesichert. Sie markiert die zwölfte und letzte einmonatige Verlängerung, die gemäß den geänderten Satzungen des Unternehmens, die auf der außerordentlichen Hauptversammlung am 11. Oktober 2023 beschlossen wurden, erlaubt ist. Dieser Schritt gibt LCW zusätzliche Zeit, um eine potenzielle Geschäfts- kombination abzuschließen, die für die zukünftigen Operationen und die Interessen der Investoren von großer Bedeutung ist.

Positive
  • Extension provides more time to secure a business combination
  • Company has utilized all available extensions, showing commitment to finding a suitable deal
Negative
  • Multiple extensions may indicate difficulties in finding a suitable target
  • $150,000 deposit reduces available capital for potential acquisition

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 September 13, 2024 to October 13, 2024 (the “Extension”) through the timely deposit of an aggregate of $150,000 into the Company’s trust account. This Extension is the twelfth 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.

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 (LCW) to complete its initial business combination?

The new deadline for Learn CW Investment (LCW) to complete its initial business combination is October 13, 2024.

How much did Learn CW Investment (LCW) deposit to secure the latest extension?

Learn CW Investment (LCW) deposited $150,000 into its trust account to secure the latest extension.

How many extensions has Learn CW Investment (LCW) used to date?

Learn CW Investment (LCW) has used twelve one-month extensions, which is the maximum number permitted under its governing documents.

When did Learn CW Investment (LCW) amend its governing documents to allow for these extensions?

Learn CW Investment (LCW) amended its governing documents to allow for these extensions at an Extraordinary General Meeting held on October 11, 2023.

Learn CW Investment Corporation

NASDAQ:LCW

LCW Rankings

LCW Latest News

LCW Stock Data

166.05M
9.34M
8.25%
90.56%
Shell Companies
Blank Checks
Link
United States of America
LOS ANGELES