NEW
YORK, May 23, 2022 /PRNewswire/ -- Kingswood
Acquisition Corp. ("KWAC"), has announced today that it was
exercising its option to extend the time available to consummate
its business combination to November 24,
2022 and deposited $60,969
into the Trust Account.
About Kingswood Acquisition Corp.:
Kingswood Acquisition Corp. ("KWAC") is a blank check
company incorporated under the laws of the State of Delaware on July 27, 2020 for the purpose of effecting a
merger, share exchange, asset acquisition, stock purchase,
recapitalization, reorganization, or similar business combination
with one or more businesses.
No Offer or Solicitation
This current report shall not constitute a solicitation of a
proxy, consent, or authorization with respect to any securities or
in respect of any business combination. This current report shall
not constitute an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any states or jurisdictions in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. No offering of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act of 1933, as
amended, or an exemption therefrom.
Forward-Looking Statements
The disclosure herein includes certain statements that are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
are accompanied by words such as "believe," "may," "will,"
"estimate," "continue," "anticipate," "intend," "expect," "should,"
"would," "plan," "predict," "potential," "seem," "seek," "future,"
"outlook," and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding projections, estimates and forecasts of
revenue and other financial and performance metrics and projections
of market opportunity and expectations, KWAC's ability to enter
into a definitive business combination agreement and KWAC's ability
to obtain the financing necessary to consummate the potential
business combination transaction. These statements are based on
various assumptions and on the current expectations of KWAC's
management and are not predictions of actual performance. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied on by
any investor as, a guarantee, an assurance, a prediction or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of KWAC. These forward- looking statements are
subject to a number of risks and uncertainties, including: KWAC's
ability to enter into a definitive agreement with respect to the
proposed business combination; the risk that the approval of the
shareholders of KWAC for the potential transaction is not obtained;
failure to realize the anticipated benefits of the potential
transaction, including as a result of a delay in consummating the
potential transaction or difficulty in integrating the businesses
of KWAC; the amount of redemption requests made by KWAC's
shareholders and the amount of funds remaining in KWAC's trust
account after satisfaction of such requests; those factors
discussed in KWAC's amended Annual Report on Form 10-K for the
fiscal year ended December 31, 2021
under the heading "Risk Factors," and other documents of KWAC
filed, or to be filed, with the SEC. If the risks materialize or
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that KWAC presently does not know or that
KWAC currently believes are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect KWAC's
expectations, plans or forecasts of future events and views as of
the date hereof. KWAC anticipates that subsequent events and
developments will cause KWAC's assessments to change. However,
while KWAC may elect to update these forward-looking statements at
some point in the future, KWAC specifically disclaims any
obligation to do so. These forward-looking statements should not be
relied upon as representing KWAC's assessments as of any date
subsequent to the date of this disclosure statement. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
Media Contacts:
Haven Tower Group, LLC
Donald C. Cutler
424 317 4864
dcutler@haventower.com
View original
content:https://www.prnewswire.com/news-releases/kingswood-acquisition-corp-announces-extension-of-time-to-consummate-business-combinations-301553196.html
SOURCE Kingswood Acquisition Corp.
