tiprankstipranks
Acri Capital Acquisition Announces Extension and Financial Moves
Company Announcements

Acri Capital Acquisition Announces Extension and Financial Moves

Don't Miss our Black Friday Offers:

An update from Acri Capital Acquisition Corporation Class A (ACAC) is now available.

Acri Capital Acquisition Corporation has successfully extended its deadline to finalize an initial business combination by an additional month, now set for April 14, 2024. This extension was made possible by a $75,000 payment into its trust account, marking the eighth out of nine potential one-month extensions. Accompanying this payment, the company issued a $75,000 promissory note to its sponsor, which can be converted into private placement warrants. The company also released a press statement on March 13, 2024, to announce this development to the public and its shareholders.

For a thorough assessment of ACAC stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskAcri Capital’s Strategic Extension and Obligation Creation
TheFlyACRI Capital Acquisition Corp trading resumes
TheFlyACRI Capital Acquisition Corp trading halted, volatility trading pause
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App