ShoulderUp Technology Acquisition Corp. Announces Stockholder Approval of Extension Amendment to the Amended and Restated Certificate of Incorporation and Investment Management Trust Agreement
26 Abril 2023 - 6:24PM
ShoulderUp Technology Acquisition Corp. (“ShoulderUp” or the
“Company”) (NYSE: SUAC.U; SUAC; SUAC.WS), a blank check company,
also commonly referred to as a special purpose acquisition company,
or SPAC, formed for the purpose of entering into a merger, capital
stock exchange, asset acquisition, stock purchase reorganization or
similar business combination with one or more businesses or
entities, today announced that its stockholders approved proposals
to amend the Investment Management Trust Agreement dated as of
November 2021 and the Company’s Amended and Restated Certificate of
Incorporation, each by extending the date by which the Company has
to consummate a business combination by six (6) months, from
May 19, 2023 to November 19, 2023 (the date which is 24
months from the closing date of ShoulderUp’s initial public
offering) (such extension, the “Extension”).
In connection with the vote to approve the proposals, the
holders of 25,845,428 shares of the Company’s common stock, par
value $0.0001 per share, properly exercised their right to redeem
their shares (and did not withdraw their redemption) for cash at a
redemption price of approximately $10.43 per share, for an
aggregate redemption amount of approximately $269,597,444.79.
Following such redemptions, approximately $43,336,948.99 will
remain in the trust account and 4,154,572 shares of common stock
will remain issued and outstanding.
About ShoulderUp
ShoulderUp is a blank check company, also commonly referred to
as a special purpose acquisition company, or SPAC, formed for the
purpose of entering into a merger, capital stock exchange, asset
acquisition, stock purchase reorganization or similar business
combination with one or more businesses or entities.
Additional Information
The Company has filed a Proxy Statement with the SEC in
connection with the Meeting to consider and vote upon the Charter
Amendment Proposal and the Trust Amendment Proposal, among other
matters, and, beginning on or about March 29, 2023, mailed the
Proxy Statement and other relevant documents to its stockholders as
of the March 23, 2023 record date for the Special Meeting. The
Company’s stockholders and other interested persons are advised to
read the Proxy Statement and any other relevant documents that have
been or will be filed with the SEC in connection with the Company’s
solicitation of proxies for the Special Meeting because these
documents contain important information about the Company, the
Charter Amendment Proposal and Trust Amendment Proposal and related
matters. Stockholders may also obtain a free copy of the Proxy
Statement, as well as other relevant documents that have been or
will be filed with the SEC, without charge, at the SEC’s website
located at www.sec.gov or by directing a request to: ShoulderUp
Technology Acquisition Corp, 125 Townpark Drive, Suite 300,
Kennesaw, GA 30144, (650) 276-7040 or to: Okapi Partners,
Attention: Chuck Garske / Christian Jacques,
(212) 297-0720, or Info@okapipartners.com
Forward-Looking Statements
This press release includes “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 the estimated per
share redemption price and related matters, as well as all other
statements other than statements of historical fact included in
this Form 8-K are forward-looking statements. When used
in this Form 8-K, 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 the Company or persons
acting on its 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 Annual Report on Form 10-K, subsequent
quarterly reports on Form 10-Q and initial public
offering prospectus. The Company undertakes no obligation to update
these statements for revisions or changes after the date of this
release, except as required by law.
ShoulderUp Contact:
ShoulderUp Technology Acquisition Corp, 125 Townpark Drive,
Suite 300, Kennesaw, GA 30144, (650) 276-7040;
info@okapipartners.com
Shoulderup Technology Ac... (NYSE:SUAC)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Shoulderup Technology Ac... (NYSE:SUAC)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024