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99 Acquisition Group Inc is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Latest News: GAITHERSBURG, MD, Oct. 09, 2023 (GLOBE NEWSWIRE) -- 99 Acquisition Group Inc. (Nasdaq: “NNAGU”) (the “Company”) announced today that commencing October 9, 2023, holders of the units sold in the Company's initial public offering of 7,500,000 units (the “Units”) may elect to separately trade the shares of Class A common stock, warrants and rights included in the Units. Those Units not separated will continue to trade on the Nasdaq Global Market (the “Nasdaq”) under the symbol “ NNAGU “. The Class A common stock, warrants and rights that are separated will trade on the Nasdaq under the symbols "NNAG”, “NNAGW” and “NNAGR,” respectively. Each unit consists of one share of Class A common stock, one redeemable warrant and one right to receive one-fifth (1/5) of a share of Class A common stock upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Holders of the Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the Units into shares of Class A common stock, warrants and rights.The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from EF Hutton, division of Benchmark Investments, LLC, Attn: Syndicate Department, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 404-7002, by fax at (646) 861-4697, or by email at syndicate@efhuttongroup.com.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About 99 Acquisition Group Inc.99 Acquisition Group Inc. is a newly incorporated blank check company incorporated as a Delaware corporation 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 StatementsThis press release includes forward looking statements that involve risks and uncertainties. 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 registration statement and prospectus for the offering filed with the SEC. The Company expressly disclaims any obligations or undertaking 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.
Company Contact: Hiren Patel Chairman and Chief Executive Officer 99 Acquisition Group, Inc. (703) 371-4260 hpatel@intelvative.com
99 Acquisition Group, Inc. (Nasdaq: NNAG) has announced its intention to dissolve and liquidate on or about September 13, 2024, following the failure to complete its previously announced business combination with Nava Health MD, Inc. The company will redeem all outstanding public shares at an expected per-share redemption price of approximately $10.55. Public shares will be deemed cancelled as of the close of business on September 13, 2024, representing only the right to receive the redemption price. The trust account's proceeds will be held in a non-interest bearing account awaiting disbursement to shareholders. Record holders must deliver their shares to the transfer agent, while beneficial owners in 'street name' need not take action to receive the redemption price.
99 Acquisition Group, Inc. (NNAGU) announced a correction to its previous press release regarding the extension of its deadline to consummate a business combination. The company's sponsor deposited $558,000 into the trust account, falling short of the required $750,000 for a three-month extension. As a result, the attempted extension was defective under the company's charter.
The company now plans to seek approval for a Charter Amendment to set a new deadline date and make other changes. Stockholders will have the option to redeem their public shares upon approval of the amendment. Additionally, 99 Acquisition Group has entered into a Merger Agreement with Nava Health MD, Inc., aiming to acquire 100% of Nava Health's equity securities.
99 Acquisition Group announced that its sponsor deposited $750,000 into the trust account, extending the period to complete a business combination by three months, from May 22, 2024, to August 22, 2024. This extension, the first of two possible three-month extensions, provides additional time to finalize the merger with Nava Health MD, Inc. The merger agreement, signed on February 12, 2024, will result in Nava Health becoming a wholly-owned subsidiary of 99 Acquisition Group.
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