Coliseum Acquisition Corp. Announces Fifth Extension of Deadline to Complete Initial Business Combination

Rhea-AI Summary

Coliseum Acquisition Corp. extends the deadline for initial business combination by one month, and receives $100,000 deposit from Berto LLC.

Positive

• Coliseum extends the deadline for initial business combination by one month, giving the company more time to find a suitable target.
• Berto LLC's $100,000 deposit demonstrates their commitment to the extension and the success of the business combination.

Negative

• No negative takes found.

NEW YORK--(BUSINESS WIRE)-- Coliseum Acquisition Corp. (NASDAQ: MITAU, MITA, MITAW) (“Coliseum” or the “Company”), announced today that on October 25, 2023 its board of directors (the “Board”) decided to extend the date by which the Company must consummate an initial business combination (the “Deadline Date”) from October 25, 2023 for an additional month, to November 25, 2023. This is the fifth of twelve potential one-month extensions of the Deadline Date available to the Company pursuant to its Amended and Restated Memorandum and Articles of Association. Coliseum further announced that Berto LLC, an affiliate of Harry L. You, deposited $100,000 into Coliseum’s trust account in connection with this extension.

About Coliseum Acquisition Corp.

Coliseum is a blank check company incorporated on February 5, 2021, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231025804787/en/

Oanh Truong

Chief Financial Officer

(714) 622-8733

Source: Coliseum Acquisition Corp.

FAQ

What is the deadline for Coliseum's initial business combination?

The deadline for Coliseum's initial business combination has been extended by one month to November 25, 2023.

Who made a deposit in connection with the deadline extension?

Berto LLC, an affiliate of Harry L. You, made a $100,000 deposit in connection with the deadline extension.