Global Brands Acquisition Corp. Announces Termination of Framework Agreement and Cancellation of Special Meeting of Stockholders
04 12월 2009 - 9:00PM
Business Wire
Global Brands Acquisition Corp. (“Global Brands”) (NYSE AMEX:
GQN.U, GQN, GQN.WS) announced today that the previously announced
Framework Agreement with Gerrity International, LLC has been
terminated by the parties. As a result, Global Brands has cancelled
the special meeting of its stockholders to vote on the proposed
amendments to its amended and restated certificate of incorporation
(“Charter”) and trust agreement to extend the date by which Global
Brands must complete a business combination before it is required
to liquidate, which had been scheduled for 11:00 a.m. EST on
Friday, December 4, 2009. Global Brands is required by the Charter
to liquidate if it is unable to consummate a business combination
by December 6, 2009. Accordingly, Global Brands will begin the
process of liquidating and dissolving itself in accordance with the
Charter and applicable Delaware law. Global Brands cannot make any
assurance as to when such liquidation will be completed.
Global Brands Acquisition Corp.
Global Brands Acquisition Corp. is a blank check company formed
for the purpose of acquiring, through a merger, capital stock
exchange, stock purchase, asset acquisition or other similar
business combination, one or more assets or control of one or more
operating businesses. Since its initial public offering, Global
Brands’ activities have been limited to identifying and evaluating
prospective acquisition targets.
Safe Harbor
This press release may include “forward-looking statements.”
Actual results may differ from expectations, estimates and
projections and, consequently, you should not rely on these forward
looking statements as predictions of future events. Words such as
“expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to
differ materially from the expected results.
Additional information concerning these and other risk factors
is contained in Global Brands’ most recent filings with the
Securities and Exchange Commission (“SEC”). All subsequent written
and oral forward-looking statements concerning Global Brands are
expressly qualified in their entirety by the cautionary statements
above. Global Brands cautions readers not to place undue reliance
upon any forward-looking statements, which speak only as of the
date made. Global Brands does not undertake or accept any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement to reflect any change in
its expectations or any change in events, conditions or
circumstances on which any such statement is based.
Global Brands Acquisition Corp. (AMEX:GQN)
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