Draper Oakwood Technology Acquisition, Inc. Confirms Receipt of Sponsor Funds to Extend Period to Consummate Acquisition
2018年9月20日 - 8:00AM
ビジネスワイヤ(英語)
Draper Oakwood Technology Acquisition, Inc. (the "Company" or
"Draper Oakwood") (NASDAQ: “DOTA,” “DOTAU,” “DOTAR” and “DOTAW”)
today announced that the Company’s sponsor (the “Sponsor”) has
deposited into the Company’s trust account (the “Trust Account”)
$575,000, representing $0.10 per public share. As a result, the
period of time the Company has to consummate a business combination
has been extended by three months to December 19, 2018.
The Sponsor will have the option, but no obligation, to extend
such term one additional time by an additional three months, to
March 19, 2019, by depositing an additional $575,000 into the
Company’s trust account, representing $0.10 per public share, in
connection with such additional extension.
About Draper Oakwood
Draper Oakwood 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. On September 4, 2018, Draper Oakwood
announced it had entered into a definitive agreement to combine
with Reebonz Limited, an online marketplace and platform for buying
and selling new and preowned luxury products in the Asia Pacific
region. For further information about such transaction, please
refer to Draper Oakwood’s SEC filings.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including the funding of the Trust
Account to further extend the period of time for the Company to
consummate an initial business combination, if needed.
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 annual report on
Form 10-K filed with the Securities and Exchange Commission
(“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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180919005660/en/
Draper Oakwood Technology Acquisition, Inc.Aamer A. Sarfraz,
713-213-7061aamer@draperoakwood.com
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