NEW YORK, Nov. 10, 2016 /PRNewswire/ -- Barington/Hilco
Acquisition Corp. (Nasdaq: BHACU), a blank check acquisition
company (the "Company"), announced today that, pursuant to the
terms of its IPO prospectus, the Company has deposited $100,000 into its trust account held at
Continental Stock Transfer & Trust Company for the benefit of
its public stockholders in order to extend the date by which it
must complete a business combination by three months, from
November 11, 2016 to February 11, 2016. In order to fund the
deposit, the Company has obtained loans from its sponsors,
affiliates of Barington Capital Group, L.P. and Hilco Global.
The loans are evidenced by promissory notes that are payable upon
the consummation of a business combination by the Company, either
in cash or, at each sponsor's discretion, by conversion into
private units of the Company.
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. The Company's efforts to
identify target businesses are not limited to a particular industry
or geographic region.
Forward-Looking Statements
This press release includes "forward-looking statements" that
are not historical facts, and involve risks and uncertainties that
could cause actual results to differ materially from those expected
and projected. Words such as "expects", "believes", "anticipates",
"intends", "estimates", "seeks" and variations and similar words
and expressions are intended to identify such forward-looking
statements. Such forward-looking statements relate to future events
or future performance, but reflect the Company's management's
current beliefs, based on information currently available. A number
of factors could cause actual events, performance or results to
differ materially from the events, performance and results
discussed in the forward-looking statements. For information
identifying important factors that could cause actual results to
differ materially from those anticipated in the forward-looking
statements, please refer to the Risk Factors section of the
Company's prospectus for its offering filed with the Securities and
Exchange Commission. 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 Barington/Hilco Acquisition Corp.