SAN FRANCISCO, July 7, 2023 /PRNewswire/ — Aurora Engineering Acquisition Corp. (NASDAQ: ATAKU, ATAK, ATAKW, ATAKR) (the “Company”) declared these days that its sponsor, ATAC Sponsor LLC (the “Sponsor”), has deposited an mixture of $135,000.00 (the “Extension Payment”) into the Firm’s have confidence in account in get to lengthen the day by which the Firm has to consummate a small business mixture from July 9, 2023, to August 9, 2023.
The Extension Payment was loaned as a draw down pursuant to an unsecured promissory observe the Enterprise issued to the Sponsor on March 3, 2023, with a principal quantity equal to $810,000.00 (the “Extension Notice”). The Extension Take note bears no interest and is repayable in complete on the previously of (a) the date of the consummation of the Company’s original business enterprise mix, or (b) the date of the liquidation of the Business, subject matter to the terms and ailments set forth in the Extension Be aware. The Company’s stockholders are not entitled to vote on or redeem their shares in relationship with this extension.
About Aurora Technological innovation Acquisition Corp.
Aurora Technologies Acquisition Corp. is a Cayman Island-primarily based blank look at business fashioned for the intent of effecting a merger, share exchange, asset acquisition, share obtain, reorganization or very similar small business mix with one particular or extra organizations in any field or geographic spot, but intends to focus its look for on substantial-advancement technological innovation providers primarily based in North The united states and Asia (excluding China). The Company aims to prioritize focus on providers established by Asian or Asian-American business people who are creating a worldwide organization supported by ahead pondering visions and innovative frontier technologies that incorporate, but are not minimal to, artificial intelligence, blockchain, quantum computing, and electric motor vehicles.
Ahead Looking Statements
This push release may possibly involve “forward-seeking statements” within just the meaning of Segment 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical simple fact bundled in this push release are ahead-looking statements. When utilised in this push release, phrases this sort of as “foresee,” “think,” “estimate,” “be expecting,” “intend” and similar expressions, as they relate to us or our administration crew, detect forward-on the lookout statements. These types of forward-hunting statements are based mostly on the beliefs of management, as properly as assumptions produced by, and details presently out there to, the Company’s administration. True benefits could vary materially from these contemplated by the ahead-looking statements as a outcome of specific variables in depth in the Firm’s filings with the SEC. All subsequent prepared or oral ahead-looking statements attributable to us or folks performing on our behalf are skilled in their entirety by this paragraph. Forward-seeking statements are matter to quite a few problems, quite a few of which are beyond the manage of the Business, together with all those established forth in the Danger Components segment of the Firm’s registration assertion and prospectus relating to the Company’s original community supplying submitted with the SEC. The Business undertakes no obligation to update these statements for revisions or variations immediately after the date of this launch, except as essential by legislation.
Zachary Wang, CEO
Cathryn Chen, CFO
Yida Gao, COO
E mail: [email protected]
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Source Aurora Technologies Acquisition Corp.