Acri Capital Acquisition Corp. Announces Extension of Deadline for Initial Business Combination

Austin, Texas, July 12, 2024 (GLOBE NEWSWIRE) — Acri Capital Acquisition Corporation (Nasdaq: ACAC)Acri Capital Sponsor LLC, a special purpose acquisition company, today announced that in order to extend the deadline by which the Company must consummate its initial business combination from July 14, 2024 to August 14, 2024, Acri Capital Sponsor LLC, the Company’s sponsor, has deposited an aggregate amount of $50,000 into its escrow account.

Under the Company’s amended and restated articles of association currently in effect, the Company may extend the terms on a monthly basis from April 14, 2024 to January 14, 2025, or such earlier date as its board of directors may determine for the consummation of the business combination, by paying a new monthly extension fee into an escrow account.

About Acri Capital Acquisition Corporation

Acri Capital Acquisition Corporation is a blank check company, often referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies or entities.