NEW YORK, July 31, 2017 /PRNewswire/ -- Barington/Hilco
Acquisition Corp. (NASDAQ: BHAC), a blank check acquisition company
(the "Company"), announced today that it has deposited $84,546.73 into its trust account to fund a
30-day extension of the date by which it must complete a business
combination through August 11,
2017.
On February 10, 2017, the
Company's stockholders approved an extension of the date by which
the Company has to complete a business combination for an aggregate
of six months, to be implemented and funded by the Company in
30-day increments. The full six-month extension allows the Company
until August 11, 2017 to complete a
business combination. The Company's extension through August 11, 2017 is the last of the six possible
30-day extensions that were approved by stockholders.
The Company is holding a special meeting of stockholders on
August 9, 2017 (the "Special
Meeting") for the purpose of voting on a new proposal to extend the
date by which the Company has to consummate a business combination
from August 11, 2017 to December 31, 2017. On May 12, 2017, the Company entered into a merger
agreement with Oomba, Inc., a specialized social media and software
development company. The Company is holding the Special
Meeting in order to provide Oomba additional time to complete an
audit of its financial statements so that the parties may precede
with closing the transactions contemplated by the merger
agreement. The Special Meeting is being held at 10:00 a.m. Eastern time at the offices of
Kramer Levin Naftalis & Frankel
LLP, 1177 Avenue of the Americas, New
York, New York 10036. A copy of the proxy statement
for the Special Meeting may be obtained free of charge from the
Company's proxy solicitor, Advantage Proxy, by calling (877)
870-8565.
About Barington/Hilco Acquisition Corp.
Barington/Hilco Acquisition Corp. is a blank check company
formed for the purpose of entering into a merger, share exchange,
asset acquisition, stock purchase, recapitalization, reorganization
or other similar business combination.
ON JULY 14, 2017, THE COMPANY
FILED A DEFINITIVE PROXY STATEMENT WITH THE SECURITIES AND EXCHANGE
COMMISSION (THE "SEC") WITH RESPECT TO THE SPECIAL MEETING.
THE COMPANY STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO
READ SUCH PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT
INFORMATION. SUCH PROXY STATEMENT IS AVAILABLE AT NO CHARGE
ON THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. STOCKHOLDERS MAY
ALSO OBTAIN A COPY OF THE PROXY STATEMENT, WITHOUT CHARGE, BY
CONTACTING THE COMPANY'S PROXY SOLICITOR, ADVANTAGE PROXY, AT ITS
TOLL-FREE NUMBER: (877) 870-8565.
The Company and its directors and executive officers may be
deemed to be participants in a solicitation of proxies for the
Special Meeting. Information regarding the Company's directors and
executive officers is available in its Form 10-K for the year
ended December 31, 2016 filed with the SEC. No person
other than the Company has been authorized to give any information
or to make any representations on behalf of the Company in
connection with the proposals in the proxy statement, and if given
or made, such other information or representations must not be
relied upon as having been made or authorized by the Company.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include
statements concerning the potential business combination. These
statements are based on the Company's management's current
expectations and beliefs, as well as a number of assumptions
concerning future events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside of the Company's control that could cause
actual results to differ materially from the results discussed in
the forward-looking statements. Additional factors that could cause
actual results to differ materially from those expressed or implied
in forward-looking statements can be found in the Company's most
recent annual report on Form 10-K and subsequently filed quarterly
reports on Form 10-Q and current reports on Form 8-K, which are
available, free of charge, at the SEC's website at www.sec.gov.
View original
content:http://www.prnewswire.com/news-releases/baringtonhilco-acquisition-corp-funds-30-day-extension-of-date-to-consummate-business-combination-300496911.html
SOURCE Barington/Hilco Acquisition Corp.