NEW
YORK, Sept. 6, 2023 /PRNewswire/
-- Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) (the
"Company"), a special purpose acquisition corporation, today
announced that it filed a Schedule 14A Definitive Proxy Statement
on September 6, 2023 (the "Definitive
Proxy Statement") in connection with a special meeting (the
"Special Meeting") to extend the amount of time the Company has to
consummate a business combination (the "Extension"). This filing
follows the Company's Schedule 14A Preliminary Proxy Statement that
was filed on August 22, 2023 and the
amendment thereto that was filed on September 5, 2023 (collectively, the "Preliminary
Proxy Statement") in connection with the Special Meeting.
The Company intends to mail the Definitive Proxy Statement as
promptly as possible. Notwithstanding the content of any prior
mailings distributed to stockholders in connection with the Special
Meeting, the Definitive Proxy Statement contains disclosure
concerning (a) the potential effects of the Extension on the
Company's continued eligibility to be listed on Nasdaq, (b)
corrections of figures included in the Preliminary Proxy Statement
concerning the per share redemption price in connection with the
Special Meeting and the amount in the Company's trust account (the
"Trust Account"), (c) additional information regarding the
liquidation of the securities previously held in the Trust Account,
and (d) a modification of the deadline by which stockholders must
elect to redeem their Class A common stock prior to the Special
Meeting.
Stockholders should read such disclosure prior to casting their
votes in connection with the Special Meeting.
Notwithstanding the above, voting instructions (including
control numbers) that stockholders received in any prior mailings
in connection with the Special Meeting are still applicable as of
this date.
About Atlantic Coastal Acquisition Corp.
Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) is a special
purpose acquisition company focused on the future of mobility. On
March 8, 2021, Atlantic Coastal
announced the closing of its IPO and listing on Nasdaq. The
Atlantic Coastal team is led by Chairman and CEO Shahraab Ahmad,
and President and Director Burt
Jordan. For more information, please
visit www.atlanticcoastalacquisition.com.
Forward-Looking Statements
This press release may contain statements that constitute
"forward-looking statements." Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's 10-K filed with the SEC. Copies
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Contact: hello@atlanticcoastal.io
View original
content:https://www.prnewswire.com/news-releases/important-atlantic-coastal-acquisition-corp-files-definitive-proxy-statement-in-connection-with-plan-to-extend-the-amount-of-time-the-company-has-to-consummate-a-business-combination-301918708.html
SOURCE Atlantic Coastal Acquisition