SAN
FRANCISCO, May 5, 2023 /PRNewswire/ -- 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 $135,000.00 (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 May 9, 2023, to June 9,
2023.
The Extension Payment was loaned as a draw down pursuant to an
unsecured promissory note the Company issued to the Sponsor on
March 3, 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.
About Aurora Technology Acquisition Corp.
Aurora Technology Acquisition Corp. is a Cayman Island-based
blank check company formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses in any
industry or geographic location, but intends to focus its search on
high-growth technology companies based in North America and Asia (excluding China). The Company aims to prioritize target
companies founded by Asian or Asian-American entrepreneurs who are
building a global enterprise supported by forward thinking visions
and innovative frontier technologies that include, but are not
limited to, artificial intelligence, blockchain, quantum computing,
and electric vehicles.
Forward Looking Statements
This press release may include "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. All statements other than statements of historical fact
included in this press release are forward-looking statements. When
used in this press release, words such as "anticipate," "believe,"
"estimate," "expect," "intend" 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 us or
persons acting on our 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 registration statement and prospectus relating to the
Company's initial public offering filed with the SEC. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Contact Information
Zachary Wang, CEO
Cathryn Chen, COO
Yida Gao, CFO
Email: info@auroraspac.com
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SOURCE Aurora Technology Acquisition Corp.