NEW YORK, Jan. 24, 2020 /PRNewswire/ — Alberton Acquisition Corporation (NASDAQ: ALAC, the “Company”) today appear that, on January 23, 2020, the Aggregation deposited $1,148,800 into the assurance annual to extend the time accessible for the Aggregation to able a business aggregate to April 27, 2020. The addendum armamentarium was partially ($780,000) from a accommodation provided by the sponsor and partially ($368,800) from the accession of the alive basic of the Company.
In affiliation with the accommodation provided by the sponsor, the Aggregation issued a promissory agenda to the sponsor and/or its designee or almsman in absorption in the arch bulk of $780,000, with no interest, payable aloft the cleanup of a business aggregate and convertible, at the acumen of the sponsor, into clandestine units of the Company.
ALAC is a bare analysis company, additionally frequently referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of acquiring, agreeable in a allotment exchange, allotment about-face and amalgamation, purchasing all or essentially all of the assets of, entering into acknowledged arrangements, or agreeable in any added agnate business aggregate with one or added businesses or entities. ALAC’s efforts to analyze a ambition business accept not been bound to a accurate industry or geographic region.
This columnist absolution includes “forward-looking statements” that absorb risks and uncertainties that could account absolute after-effects to alter materially from what is expected, including the allotment of the Assurance Annual to added extend the aeon of time for the ALAC to able an antecedent business combination, if needed. Words such as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “seeks”, “may”, “might”, “plan”, “possible”, “should” and variations and agnate words and expressions are advised to analyze such advanced statements, but the absence of these words does not beggarly that a account is not forward-looking. Such advanced statements chronicle to approaching contest or approaching results, based on currently accessible advice and reflect ALAC management’s accepted beliefs. A cardinal of factors could account absolute contest or after-effects to alter materially from the contest and after-effects discussed in the advanced statements. In addition, amuse accredit to the Risk Factors area of ALAC’s Form 10-K, its Quarterly Reports on Form 10-Q for added advice anecdotic important factors that could account absolute after-effects to alter materially from those advancing in the advanced statements. Except as especially appropriate by applicative balance law, ALAC disclaims any ambition or obligation to amend or alter any advanced statements whether as a aftereffect of new information, approaching contest or otherwise.
Alberton Acquisition Corp. Bin WangTel. 1 (917) 202-8028 Email: [email protected]
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SOURCE Alberton Acquisition Corp.
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