June 28, 2024 21:00 ET Â | Supply: Â Oakwoods Acquisition
New York, June 28, 2024 (GLOBE NEWSWIRE) — Oak Woods Acquisition Company (the Firm) introduced in the present day that it has prolonged the time period it should consummate its preliminary enterprise mixture by 3 months from the present deadline of June 28, 2024 till September 28, 2024 (the completion window) as a result of the Firm’s Sponsor, Whale Bay Worldwide Firm Restricted has well timed deposited $575,000 within the Firm’s belief account, representing  $0.10 per Unit as extra curiosity on the proceeds within the belief account. The Firm’s stockholders are usually not entitled to vote on or redeem their shares in reference to such extension of the completion window.
In regards to the Firm
Oak Woods Acquisition Company is a clean test firm organized for the aim of effecting a merger, capital inventory trade, asset acquisition, or different related enterprise mixture with a number of companies or entities. On August 11, 2023, Oak Woods Acquisition Company, a Cayman Islands company (Oak Woods), entered right into a Merger Settlement and Plan of Reorganization (the Merger Settlement) with Oak Woods Merger Sub, Inc., a Cayman Islands company and an entirely owned subsidiary of Oak Woods (Merger Sub), Huajin (China) Holdings Restricted, a Cayman Islands company (Huajin) and Xuehong Li, in his capability because the consultant of the Huajin shareholde (Shareholders’ Consultant), as amended by its settlement to increase the date by which a Enterprise Mixture is required to be accomplished to June 28, 2024, dated March 23, 2024, and subsequently by the First Modification to the Merger Settlement entered into by Oak Woods, Huajin, Merger Sub, and the Shareholders’ Consultant on June 26, 2024 extending th time to finish its enterprise mixture to September 28, 2024.
Pursuant to the phrases of the Merger Settlement, and topic to the satisfaction or waiver of sure circumstances set forth therein, Merger Sub will merge with and into Huajin (the Merger), with Huajin surviving the merger in accordance with the Firms Act (As Revised) of the Cayman Islands as a wholly- owned subsidiary of Oak Woods (the transactions contemplated by the Merger Settlement and the associated ancillary agreements, the Enterprise Mixture).
Previous to the consummation of the Merger, the holders of a majority of Oak Woods’s Atypical Shares attending a shareholder’s assembly (at which there’s a quorum) should approve the transactions contemplated by the Merger Settlement (the Shareholder Approval).
Ahead Trying Statements
This press launch contains forward-looking statements that contain dangers and uncertainties. Ahead trying statements are statements that aren’t historic details. Such forward- trying statements are topic to dangers and uncertainties, which might trigger precise outcomes to vary from the forward-looking statements. The Firm expressly disclaims any obligations or endeavor to launch publicly any updates or revisions to any forward-looking statements contained herein to replicate any change within the Firm’s expectations with respect thereto or any change in occasions, circumstances or circumstances on which any assertion relies.
Contact:
Lixin Zheng
Chief Government Officer
Oak Woods Acquisition Company
(+1) 403-561-7750
Supply: OAK WOODS ACQUISITION CORP
