NEW
YORK, Feb. 5, 2024 /PRNewswire/ -- Plutonian
Acquisition Corp. (NASDAQ: PLTN, the "Company"), a special
purpose acquisition company, announced today that Big Tree Cloud
International Group Limited ("Big Tree Cloud") has deposited
into the Company's trust account (the "Trust Account") an
aggregate of $210,000, in order to
extend the period of time the Company has to complete a business
combination for three additional months, from February 15, 2024 to May
15, 2024. The Company issued a promissory note to Big
Tree Cloud with a principal amount equal to the amount deposited.
The promissory note bears no interest and is convertible into the
Company's shares of common stock at a price of $10.00 per unit (each unit is consisted of one
share of common stock and one right to receive one-sixth (1/6) of a
share of common stock) at the closing of a business combination by
the Company. The purpose of the extension is to provide more time
for the Company to complete a business combination.
About Plutonian Acquisition Corp.
Plutonian Acquisition Corp. is a Delaware corporation incorporated as a blank
check company for the purpose of entering into a merger, share
exchange, asset acquisition, share purchase, recapitalization,
reorganization or similar business combination with one or more
businesses or entities. The Company's efforts to identify a
prospective target business will not be limited to a particular
industry or geographic region, although it intends to focus its
search for a target business on companies engaged in metaverse
technologies, tourism and e-commerce related industries in the
Asia-Pacific, or APAC, region. The
Company affirmatively excludes as an initial business combination
target any company of which financial statements are audited by an
accounting firm that the United States Public Company Accounting
Oversight Board is unable to inspect for two consecutive years
beginning in 2021 and any target company with China operations consolidated through a VIE
structure.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including the successful consummation of the Company's
initial public offering, are subject to risks and uncertainties,
which could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
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SOURCE Plutonian Acquisition Corp.