Advanced Technology Acquisition Corp. to Have Special Meeting to Vote on Its Dissolution and to Seek Shareholder Approval to Dis
June 29 2009 - 4:00PM
PR Newswire (US)
RAMAT GAN, Israel, June 29 /PRNewswire-FirstCall/ -- Advanced
Technology Acquisition Corp. (the "Company") (NYSE AMEX: AXC) today
announced that its stockholders will vote at its special meeting to
be held on July 6, 2009 to approve the plan of liquidation of the
Company. The Company has instructed its transfer agent, Continental
Stock Transfer & Trust Company, to close its stock transfer
books as of the close of business on July 6, 2009. The board of
directors of the Company expects that, upon receiving stockholder
approval of its plan of liquidation at the special meeting, on or
about July 8, 2009 the trustee of the Company's trust account will
make a final liquidating distribution of the trust account in the
approximate amount of $8.12 per share of common stock issued in the
Company's initial public offering, payable upon presentation, to
the holders of such shares. Stockholders whose stock is held in
"street name" through a broker will automatically receive payment
through the Depository Trust Company. No payments will be made with
respect to any of the Company's outstanding warrants or to the
shares owned by the Company's initial stockholders that were owned
prior to the Company's initial public offering. Upon receipt of
stockholder approval, the Company intends to file a certificate of
dissolution with the Secretary of State of the State of Delaware.
The Company further intends to file a Certification and Notice of
Termination of Registration on Form 15 with the Securities and
Exchange Commission for the purpose of deregistering its securities
under the Securities Exchange Act of 1934, as amended. As a result,
the Company will no longer be a public reporting company. About
Advanced Technology Acquisition Corp. The Company is a blank check
company formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase or other similar
business combination with a technology or technology-related
business that has operations or facilities located in Israel, such
as research and development, manufacturing or executive offices.
Safe Harbor Statement This press release contains certain
statements that may include "forward looking statements." All
statements other than statements of historical fact included herein
are "forward-looking statements." These forward-looking statements
are often identified by the use of forward-looking terminology such
as "believes," "expects" or similar expressions, involving known
and unknown risks and uncertainties. Although the Company believes
that the expectations reflected in these forward-looking statements
are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including the risk factors discussed in the
Company's periodic reports that are filed with the Securities and
Exchange Commission and available on the SEC's website (
http://www.sec.gov/ ). All forward-looking statements attributable
to the Company or persons acting on its behalf are expressly
qualified in their entirety by these risk factors. Other than as
required under the securities laws, the Company does not assume a
duty to update these forward-looking statements. DATASOURCE:
Advanced Technology Acquisition Corp. CONTACT: Ido Bahbut, Chief
Financial Officer, +011-972-3-751-3707
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