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TORONTO, Aug. 4, 2022
/CNW/ - VM Hotel Acquisition Corp. (TSX: VMH.U) (TSX: VMH.WT.U)
("VMH") is reporting its financial results as of
June 30, 2022 and for the three
months ended June 30, 2022. VMH's
unaudited interim financial statements have been filed on the
System for Electronic Document Analysis and Retrieval
("SEDAR") and may be viewed by shareholders and interested
parties under VMH's profile on SEDAR at www.sedar.com.
VMH announced on July 25, 2022
that it has executed a letter of intent in connection with a
potential transaction, which would, if consummated, qualify as its
qualifying acquisition. Accordingly, VMH's permitted timeline in
which to close a qualifying acquisition has been automatically
extended to November 30, 2022.
The letter of intent is non-binding and the acquisition is
subject to a number of conditions including, among others, the
negotiation and execution of a definitive agreement. The Company
intends to disclose additional details regarding the acquisition
following the execution of a definitive agreement, if applicable.
There can be no assurance that a definitive agreement will be
entered into or a qualifying acquisition will be completed.
About VM Hotel Acquisition Corp.
VMH is a special purpose acquisition corporation incorporated
under the laws of the Province of British
Columbia for the purpose of effecting a qualifying
acquisition within a specified period of time. VMH's head office is
located at Brookfield Place, 161 Bay Street, Suite 2420,
Toronto, ON, M5J 2S1 and its
registered office is located at 1600 - 925 West Georgia Street
Vancouver, BC V6C 3L2.
SOURCE VM Hotel Acquisition Corp.