NEW YORK, Nov. 30, 2017 /PRNewswire/
-- Barington/Hilco Acquisition Corp. (NASDAQ: BHAC), a blank
check acquisition company (the "Company" or "BHAC"), announced
today that it has terminated the definitive merger agreement it
entered into with Oomba, Inc. ("Oomba") because Oomba breached
several of its obligations under the merger agreement, including
its obligation to deliver audited financial statements on or prior
to May 31, 2017. The
termination of the merger agreement is effective immediately.
"While we are disappointed that the Oomba transaction was not
consummated, we are enthusiastic about and look forward to pursuing
another business combination for the Company," said Cory Lipoff, the Company's Chief Executive
Officer. "The BHAC management team is already involved in
evaluating other potential business combination opportunities, and
we intend to seek an extension from stockholders of the date by
which the Company has to consummate a business combination."
About Barington/Hilco Acquisition Corp.
Barington/Hilco Acquisition Corp. is a blank check company
formed for the purpose of entering into a merger, share exchange,
asset acquisition, stock purchase, recapitalization, reorganization
or other similar business combination.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include
statements concerning the potential business combination. These
statements are based on the Company's management's current
expectations and beliefs, as well as a number of assumptions
concerning future events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside of the Company's control that could cause
actual results to differ materially from the results discussed in
the forward-looking statements. Additional factors that could cause
actual results to differ materially from those expressed or implied
in forward-looking statements can be found in the Company's most
recent annual report on Form 10-K and subsequently filed quarterly
reports on Form 10-Q and current reports on Form 8-K, which are
available, free of charge, at the SEC's website at www.sec.gov.
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SOURCE Barington/Hilco Acquisition Corp.
