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

Rhea-AI Summary

Coliseum Acquisition Corp. has extended the deadline for its initial business combination by one month, from July 25, 2023 to August 25, 2023. This is the second of twelve potential one-month extensions allowed by the Company. Berto LLC, an affiliate of Harry L. You, has deposited $100,000 into Coliseum's trust account in relation to this extension.

NEW YORK--(BUSINESS WIRE)-- Coliseum Acquisition Corp. (NASDAQ: MITAU, MITA, MITAW) (“Coliseum” or the “Company”), announced today that on July 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 July 25, 2023 for an additional month, to August 25, 2023. This is the second 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. For more information, please visit https://www.coliseumacq.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230727834605/en/

Oanh Truong

Chief Financial Officer

(714) 622-8733

Source: Coliseum Acquisition Corp.

FAQ

What is the new deadline for Coliseum Acquisition Corp.'s initial business combination?

The new deadline is August 25, 2023.

How many extensions are allowed by the Company?

The Company allows for a total of twelve potential one-month extensions.

Who deposited $100,000 into Coliseum's trust account?

Berto LLC, an affiliate of Harry L. You, deposited $100,000 into Coliseum's trust account.