FREEHOLD, N.J., Sept. 7, 2017 /PRNewswire/ -- Jensyn
Acquisition Corp. (NASDAQ:JSYN) ("Jensyn Acquisition" or the
"Company"), a company formed for the purpose of entering into a
merger, share exchange, asset acquisition or other similar business
combination with one or more businesses or entities, today
announced that Jensyn Capital, LLC, a company controlled by the
initial stockholders of the Company, deposited $200,000 in the trust account maintained with
Continental Stock Transfer & Trust Co. on September 6, 2017 to extend the date by which the
Company must complete its initial business combination by an
additional three months. Prior to the extension, the Company
was required to complete its initial business combination within 18
months of the completion of its initial public offering, which
closed on March 7, 2016.
The Company also announced that its Board of Directors has
appointed James D. (JD) Gardner as its Treasurer and Chief
Financial Officer. Mr. Gardner replaces Rebecca Irish, who resigned her positions as
Treasurer, Chief Financial Officer and Director of the Company on
September 7, 2017. Mr.
Gardner's background encompasses over 40 years of executive
experience in both large and small corporate environments.
During his 27 years with AT&T and BellSouth, he led domestic
and international acquisition and due diligence teams, led
financial management/operations and corporate finance activities
and served as CFO of the wireless data division.
More recently, Mr. Gardner served as a managing partner in a
venture capital fund as its financial officer, and served as CEO or
CFO of several public and private companies in the wireless data,
web-based services, broadband switched Ethernet and security (video
surveillance) industries. He currently provides strategic and
financial consulting services to small and medium sized
businesses.
About Jensyn Acquisition Corp.
Jensyn Acquisition Corp. is a blank check company formed for the
purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
other similar business combination with one or more businesses or
entities. Although the Company's initial efforts were focused on
seeking a business combination with a company or companies
operating in the information technology consulting industry the
Company is considering opportunities in other industries.
Forward-Looking Statements
This press release includes "forward-looking statements" that
are not historical facts, and involve risks and uncertainties that
could cause actual results to differ materially from those expected
and projected. Words such as "expects", "believes", "anticipates",
"intends", "estimates", "seeks" and variations and similar words
and expressions are intended to identify such forward-looking
statements. Such forward-looking statements relate to future events
or future performance, but reflect Jensyn Acquisition management's
current beliefs, based on information currently available. A number
of factors could cause actual events, performance or results to
differ materially from the events, performance and results
discussed in the forward-looking statements. For information
identifying important factors that could cause actual results to
differ materially from those anticipated in the forward looking
statements, please refer to the Risk Factors section of Jensyn
Acquisition's registration statement and prospectus for its
offering filed with the Securities and Exchange Commission. Except
as expressly required by applicable securities law, the Company
disclaims any intention or obligation to update or revise any
forward looking statements whether as a result of new information,
future events or otherwise.
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SOURCE Jensyn Acquisition Corp.
