HOUSTON, Feb. 9, 2023
/PRNewswire/ -- HNR Acquisition Corp (the "Company") (NYSE: HNRA)
today announced that, on February 5,
2023, it has received notice from HNRAC Sponsors LLC (the
"Sponsor") of its intention to extend the period of time by which
the Company must complete its initial business combination from
February 15, 2023 to May 15, 2023. The Company also announced that, on
February 8, 2023, in accordance with
the Company's Certificate of Incorporation, the Sponsor's designee
has timely deposited into trust account an aggregate of
$862,500, representing $0.10 per public share of the Company, in order
to effect such extension.
About HNR Acquisition Corp
HNR Acquisition Corp is a blank check company, also commonly
referred to as a special purpose acquisition company, or SPAC,
formed for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities.
Forward-Looking Statements
This press release includes "forward-looking statements" that
involve risks and uncertainties that could cause actual results to
differ materially from what is expected, including the funding of
the Trust Account to further extend the period for the
Company to consummate an initial business combination, if needed.
Words such as "expects," "believes," "anticipates," "intends,"
"estimates," "seeks," "may," "might," "plan," "possible," "should"
and variations and similar words and expressions are intended to
identify such forward-looking statements, but the absence of these
words does not mean that a statement is not forward-looking. Such
forward-looking statements relate to future events or future
results, based on currently available information and reflect the
Company's management's current beliefs. A number of factors could
cause actual events or results to differ materially from the events
and results discussed in the forward-looking statements. In
addition, please refer to the Risk Factors section of the Company's
Form 10-K and its Quarterly Reports on Form 10-Q for additional
information identifying important factors that could cause actual
results to differ materially from those anticipated in the forward
looking statements. Except as expressly required by applicable
securities law, the Company disclaims any intention or obligation
to update or revise any forward looking statements whether as a
result of new information, future events or otherwise.
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SOURCE HNR Acquisition Corp