STAMFORD, Conn., Sept. 28,
2022 /PRNewswire/ -- Atlantic Avenue Acquisition Corp
(the "Company") (NYSE: ASAQ.U) (NYSE: ASAQ) (NYSE: ASAQ WS),
announced today that it intends to adjourn, without conducting any
business, the special meeting of its stockholders to be held with
respect to the extension of the time the Company has to consummate
an initial business combination (the "Extension Meeting"), which is
scheduled to occur at 10:00 a.m., Eastern
time, on September 29, 2022,
and reconvene at 10:00 a.m., Eastern
time, on October 4, 2022. The
Extension Meeting will still be held virtually at
https://www.cstproxy.com/asaqspac/2022.
In connection with the adjournment of the Extension Meeting, the
Company is extending the deadline for holders of its Class A common
stock to exercise their right to redeem their shares for their pro
rata portion of the funds available in the Company's trust account,
or to withdraw any previously delivered demand for redemption, to
5:00 p.m., Eastern time, on
September 30, 2022 (two business days
before the Extension Meeting).
About Atlantic Avenue Acquisition
Corp
Atlantic Avenue Acquisition Corp is a special purpose
acquisition company formed for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses.
Forward-Looking
Statements
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this release, the words "estimates," "projected,"
"expects," "anticipates," "forecasts," "plans," "intends,"
"believes," "seeks," "may," "will," "should," "future," "propose"
and variations of these words or similar expressions (or the
negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company's control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
that may affect actual results or outcomes include: the risk that
approval of the Company's stockholders for the extension is not
obtained; the inability of the Company to enter into a definitive
agreement with respect to an initial business combination within
the time provided in the Company's amended and restated certificate
of incorporation; the level of redemptions made by the Company's
stockholders in connection with the extension and its impact on the
amount of funds available in the Company's trust account to
complete an initial business combination; and those factors
discussed in the Company's Annual Report on Form 10-K for the year
ended December 31, 2021, which was
filed with the SEC on April 7, 2022,
under the heading "Risk Factors," and other documents of the
Company filed, or to be filed, with the SEC. The Company does not
undertake any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
Contact
Barry Best, CFO
Atlantic Avenue Acquisition Corp
info@asaqspac.com
203-989-9709
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SOURCE Atlantic Avenue Acquisition Corp