Americas Technology Acquisition Corp. Announces Termination of Business Combination Agreement with Rally Communitas Corp. by Mutual Agreement
09 Diciembre 2022 - 8:16PM
Americas Technology Acquisition Corp. (NYSE: ATA, ATA.WS, ATA.U)
(“ATA”), announced today that ATA and Rally Communitas Corp
(“Rally”) have mutually agreed to terminate the previously
announced Agreement and Plan of Merger (as amended, the “Merger
Agreement”) between ATA and Rally.
Termination of the Merger Agreement has been approved by the
Board of Directors of both ATA and Rally.
About Americas Technology Acquisition Corp.
Americas Technology Acquisition Corp. is a blank check company
organized for the purpose of effecting a merger, capital stock
exchange, asset acquisition, or other similar business combination
with one or more businesses or entities with an initial focus on
technology, media, and telecommunications verticals.
About Rally
Rally is a Mass Mobility as a Service company that has mobilized
millions of riders with innovations designed to meet the needs of
surge demand and middle mile travel challenges.
Rally’s premier product is the bus rideshare which aggregates
individuals going to large events, creating bus trips on-demand.
Their algorithms automatically route together crowdsourced bus
stops to create productive routes. Additionally, Rally’s “OurBus”
product disrupts regularly scheduled intercity bus travel by
utilizing data science to create optimized intercity routes and
automating the business of buses.
Cautionary Note Regarding Forward-Looking
Statements
This press release may include, and oral statements made from
time to time by representatives of the Company 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. Statements regarding
possible business combinations and the financing thereof, and
related matters, as well as all other 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,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” 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 Securities and Exchange
Commission (“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 for 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
Jorge Marcos Chief Executive Officer Americas Technology
Acquisition Corp. (214) 396-5927
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