Hainan Manaslu Acquisition Corp. Announces Additional Contribution to Trust Account to Further Extend Period to Consummate Business Combination
August 11 2023 - 4:00PM
Hainan Manaslu Acquisition Corp. (NASDAQ: HMACU, the “Company”), a
special purpose acquisition company, announced today that Able View
Inc. (“Able View”), has deposited into the Company’s trust account
(the “Trust Account”) an aggregate amount of $227,700 (representing
approximately $0.033 per public share), in order to extend the
period of time the Company has to complete a business combination
for an additional one (1) month period, from August 15, 2023 to
September 14, 2023. The Company issued one unsecured
promissory note in an amount of $227,700, to Able View with a
principal amount equal to the amount deposited. The
promissory note bears no interest and is convertible into the
Company’s units (with each unit consisting of one ordinary share,
one warrant to purchase one ordinary share, and one right to
receive one-tenth of one ordinary share upon the consummation of
the Company’s initial business combination) at a price of $10.00
per unit at the closing of a business combination by the Company.
The purpose of the extension is to provide time for the
Company to complete a business combination.
ABOUT HAINAN MANASLU ACQUISITION CORP.
Hainan Manaslu Acquisition Corp. is a blank
check company, also commonly referred to as a special purpose
acquisition company, or SPAC, formed for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
reorganization, or similar business combination with one or more
businesses or entities. While the Company may pursue an initial
business combination opportunity in any business, industry, sector
or geographical location, the Company intends to focus on
industries that complement its management team’s background, and to
capitalize on the ability of its management team and advisor to
identify and acquire a business. However, the Company will not
consummate an initial business combination with an entity or
business with China operations consolidated through a variable
interest entity structure.
Forward-Looking Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Hainan Manaslu Acquisition Corp.
B3406, 34F, West Tower, Block B Guorui Building, 11 Guoxing
AvenueHaikou, Hainan Province, People’s Republic of China
570203Wenyi Shen, CFOTel:
+86-898-65315786Email: woody.shen@imanaslu.com
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