Americas Technology Acquisition Corp. Announces Liquidation
14 December 2022 - 12:00AM
Americas Technology Acquisition Corp. (NYSE: ATA, ATA.WS, ATA.U)
(“ATA”), announced today that due to its inability to consummate an
initial business combination by such date, the Board of Directors
of ATA has elected to dissolve and liquidate ATA in accordance with
the provisions of its Amended and Restated Memorandum and Articles
of Association, as amended (the “Charter”), and will redeem all of
the outstanding ordinary shares that were included in the units
issued in its initial public offering (the “Public Shares”), at
a per-share redemption price of approximately $10.59.
As of the close of business on December 17, 2022, the Public
Shares will be deemed cancelled and will represent only the right
to receive the redemption amount.
In order to provide for the disbursement of funds from the trust
account, ATA will instruct the trustee of the trust account to take
all necessary actions to liquidate the securities held in the trust
account. The proceeds of the trust account will be held in
a non-interest bearing account while awaiting
disbursement to the holders of the Public Shares. Record holders
will receive their pro rata portion of the proceeds of
the trust account by delivering their Public Shares to Continental
Stock Transfer & Trust Company, the Company’s transfer
agent. Beneficial owners of Public Shares held in “street
name,” however, will not need to take any action in order to
receive the redemption amount. The redemption of the Public Shares
is expected to be completed within ten business days after December
17, 2022.
The Company’s sponsor has agreed to waive its redemption rights
with respect to its outstanding ordinary shares issued prior to
ATA’s initial public offering. There will be no redemption rights
or liquidating distributions with respect to ATA’s warrants, which
will expire worthless.
About Americas Technology Acquisition Corp.
Americas Technology Acquisition Corp. is a blank check company
organized for the purpose of effecting a merger, capital stock
exchange, asset acquisition, or other similar business combination
with one or more businesses or entities with an initial focus on
technology, media, and telecommunications verticals.
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 Securities and Exchange
Commission (“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 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.
Contact
Jorge Marcos Chief Executive Officer Americas Technology
Acquisition Corp. (214) 396-5927
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