Aurora Technology Acquisition Corp. Announces Additional Contribution To Trust Account To Extend Deadline To Consummate Business Combination To December 9, 2023

Author: Benzinga Newsdesk | November 03, 2023 04:19pm

Aurora Technology Acquisition Corp. (NASDAQ:ATAKU, ATAK, ATAKW, ATAKR))))) (the "Company") announced today that its sponsor, ATAC Sponsor LLC (the "Sponsor"), has deposited an aggregate of $135,000 (the "Extension Payment") into the Company's trust account in order to extend the date by which the Company has to consummate a business combination from November 9, 2023 to December 9, 2023.

 

The Extension Payment was loaned as a draw down pursuant to an unsecured promissory note the Company issued to the Sponsor on July 31, 2023 with a principal amount equal to $810,000.00 (the "Extension Note"). The Extension Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of the Company's initial business combination, or (b) the date of the liquidation of the Company, subject to the terms and conditions set forth in the Extension Note. The Company's stockholders are not entitled to vote on or redeem their shares in connection with this extension.

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