8i Enterprises Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business C...
26 6월 2020 - 5:15AM
8i Enterprises Acquisition Corp. (NASDAQ: JFKKU, JFK, JFKKW, JFKKR)
(“JFK” or the “Company”), a special purpose acquisition company,
announced today that it has deposited into the JFK trust account
(the “Trust Account”) an aggregate of $575,000 (the “Extension
Amount”), representing approximately $0.10 per share of common
stock, in order to extend the period of time JFK has to complete a
business combination for an additional three (3) months, from July
1, 2020 to September 30, 2020. JFK paid the Extension Amount out of
its working capital. The purpose of the extension is to provide
time for JFK to complete its initial business combination.
About 8i Enterprises Acquisition
Corp.
JFK is a blank check company formed for the
purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
other similar business combination with one or more businesses or
entities.
In April 2019, JFK consummated a $57.5 million
initial public offering of 5,750,000 units, each unit consisting of
one ordinary share, one warrant entitling its holder to purchase
one-half of one ordinary share at a price of $11.50 per whole
share, and one right to receive one-tenth (1/10) of an ordinary
share upon the consummation of a business combination.
In July 2019, JFK entered into a Share Exchange
Agreement, as further amended, by and among JFK, Diginex Limited, a
Hong Kong company (“Diginex HK”), the shareholders of Diginex HK
(the “Sellers”), Pelham Limited, a Hong Kong company, as
representative of the Sellers, Diginex Limited, a Singapore public
company limited by shares (“Singapore NewCo”) and INNOVATIVE
LIMITED, a British Virgin Islands business company, for the purpose
of JFK acquiring all of the issues and outstanding ordinary shares
of Diginex HK.
JFK’s securities are quoted on the NASDAQ stock
exchange under the ticker symbols JFKKU, JFK, JFKKW and JFKKR.
Important Notice Regarding Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including the funding of
the Trust Account to extend the period of time for JFK to
consummate a business combination. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the JFK, including those set forth in the Risk Factors
section of the proxy statement/prospectus on Form F-4/A jointly
filed by Singapore NewCo and JFK, filed with the Securities and
Exchange Commission (“SEC”). Copies are available on the SEC’s
website, www.sec.gov. JFK undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Contacts
William Yap, CFAChief Financial
OfficerEmail: ir@8icorp.comPhone: +65 6788-0388
or
Tony Tian, CFA Weitian Group LLCEmail: ttian@weitianco.comPhone:
+1 732-910-9692
8i Enterprises Acquisition (NASDAQ:JFK)
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8i Enterprises Acquisition (NASDAQ:JFK)
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