E.merge Technology Acquisition Corp. Announces Correction in Per Share Redemption Price in Connection With Special Meeting of Stockholders to Vote Upon an Extension of Time Within Which it Must Complete an Initial Business Combination
18 June 2022 - 6:15AM
E.Merge Technology Acquisition Corp. (NASDAQ: ETAC) (“E.Merge” or
the “Company”), a special purpose acquisition company, today
announced that the Company anticipates that the per-share price at
which public shares of the Company will be redeemed for cash held
in the Company’s trust account (the “Trust Account”) will be
approximately $10.01 at the time of the special meeting of
stockholders to be held on June 28, 2022 (the “Special Meeting”),
at which stockholders will consider and vote on a proposal to
extend the time the Company has to consummate an initial business
combination from August 4, 2022 to November 4, 2022. The
Company’s proxy statement dated May 31, 2022 (the “Proxy
Statement”) for the Special Meeting had stated that the per-share
price at which public shares would be redeemed for cash held in the
Trust Account would be approximately $10.03 at the time of the
Special Meeting. The Company today also filed a Supplement to the
Proxy Statement with the Securities and Exchange Commission (“SEC”)
to advise stockholders of the correct redemption price.
Stockholders of record as of May 25, 2022 will
be able to attend and participate in the Special Meeting online by
visiting https://www.cstproxy.com/emergetechnologyacquisition/2022.
Please see the Company’s Proxy Statement mailed to stockholders of
record and available at the SEC website at www.sec.gov for more
information.
About E.Merge
Technology Acquisition Corp.
The Company is a 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. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on companies in the
software and internet technology industries. The Company is led by
Chairman, S. Steven Singh, and Co-Chief Executive Officers,
Jeff Clarke and Guy Gecht.
Cautionary Note Regarding
Forward-Looking Statements
This press release may include, and oral
statements made from time to time by representatives of the Company
may include, “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Statements
regarding possible business combinations and the financing thereof,
and related matters, as well as all other statements other than
statements of historical fact included in this press release are
forward-looking statements. When used in this press release, words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. 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 registration statement and prospectus for the Company’s
initial public offering and other reports filed with the SEC. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Investor Contact:
Jeff ClarkeGuy GechtE.Merge Technology
Acquisition Corp.(619) 736-6855
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