NEW
YORK, June 6, 2023 /PRNewswire/ -- Atlantic
Coastal Acquisition Corp. (NASDAQ: ACAH) (the "Company"), a special
purpose acquisition corporation, announced that Atlantic Coastal
Acquisition Management LLC, the Company's initial public offering
sponsor (the "Sponsor"), has deposited $80,000 into the Company's trust account (the
"Trust Account) in order to extend the period of time that the
Company has to complete a business combination for an additional
one (1) month period, from June 8,
2023 to July 8, 2023. In
exchange for the Sponsor's additional contribution to the Trust
Account, the Company issued a convertible promissory note to the
Sponsor in an aggregate principal amount of $80,000. The purpose of the extension is to
provide additional time for the Company to complete a business
combination.
About Atlantic Coastal Acquisition Corp.
Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) is a special
purpose acquisition company. On March 8,
2021, Atlantic Coastal announced the closing of its IPO and
listing on Nasdaq. The Atlantic Coastal team is led by Chairman and
CEO Shahraab Ahmad, President and Director Burt Jordan, and CSO Director Tony Eisenberg. For more information, please
visit www.atlantic-coastal.com.
Forward-Looking Statements
This press release may contain statements that constitute
"forward-looking statements." Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's 10-K filed with the SEC. Copies
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
CONTACT:
hello@atlanticcoastal.io
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SOURCE Atlantic Coastal Acquisition