Acri Capital Acquisition Extends Merger Deadline, Issues Note

Acri Capital Acquisition Corporation Class A (ACAC) just unveiled an announcement.

Acri Capital Acquisition Corporation has secured a one-month extension to finalize its initial business combination, moving the deadline from July 14 to August 14, 2024. This was made possible by a $50,000 deposit into its trust, marking the second of nine potential monthly extensions. Furthermore, the company issued a non-interest-bearing promissory note to its sponsor, which can be converted into warrants under certain conditions. The extension and related developments were publicly announced in a press release on July 12, 2024.

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