Learn CW Investment Corporation Extends Period to Consummate Initial Business Combination

Rhea-AI Summary

Learn CW Investment Corporation (LCW) intends to extend the period for its initial business combination by an additional one month, depositing $150,000 into the trust account, following the approval of up to twelve one-month extensions at the Extraordinary General Meeting of the Company shareholders on October 11, 2023.

LOS ANGELES--(BUSINESS WIRE)-- Learn CW Investment Corporation (the “Company,” “we” or “our”), a special purpose acquisition company, announced today that it intends to further extend the period of time the Company will have to consummate its initial business combination by an additional one month from December 13, 2023 to January 13, 2024 (the “Extension”) through the timely deposit of an aggregate of $150,000 into the Company’s trust account. This Extension is the third 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/20231212902345/en/

Media Requests



Learn CW Investment Corporation



Harry Bator

harry@learn.vc

Source: Learn CW Investment Corporation

FAQ

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

Learn CW Investment Corporation (LCW)

What is the ticker symbol for Learn CW Investment Corporation?

LCW

When does the Company intend to extend the period for its initial business combination?

By an additional one month from December 13, 2023 to January 13, 2024.

How much will be deposited into the Company's trust account for the Extension?

An aggregate of $150,000.

How many extensions are permitted under the Company's governing documents?

Up to twelve one-month extensions.

When did the Extraordinary General Meeting of the Company shareholders take place?

On October 11, 2023.