Acri Capital Acquisition Extends Business Combination Deadline

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

Acri Capital Acquisition Corporation successfully deposited $50,000 to extend its deadline by one month for completing its initial business combination, now set for June 14, 2024. This deposit, representing the second of nine possible monthly extensions, was also tied to a non-interest-bearing promissory note issued to its sponsor, permitting conversion into company warrants. The extension and financing arrangements were publicly announced in a press release on May 10, 2024, signifying another strategic step towards the company’s growth objectives.

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