Advanced Technology Acquisition Corp. Shareholders Approve Plan Of Liquidation; Company To Distribute Amounts In Trust
July 06 2009 - 3:42PM
PR Newswire (US)
RAMAT GAN, Israel, July 6 /PRNewswire-FirstCall/ -- Advanced
Technology Acquisition Corp. (the "Company") (NYSE AMEX: AXC) today
announced that its stockholders voted at its special meeting 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 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. The Company has filed a
certificate of dissolution with the Secretary of State of the State
of Delaware today. 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,
Advanced Technology Acquisition Corp., +972-3-751-3707
Copyright