Goldenbridge Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
25 August 2022 - 10:30PM
Goldenbridge Acquisition Limited (NASDAQ: GBRGU, the “Company”), a
special purpose acquisition company, announced today that Auto
Services Group Limited (“SunCar”), has deposited into the Company’s
trust account (the “Trust Account”) an aggregate amount of $575,000
(representing approximately $0.10 per ordinary share), in order to
extend the period of time the Company has to complete a business
combination for an additional three (3) months period, from
September 4, 2022 to December 4, 2022. The Company issued one
unsecured promissory note in an amount of $575,000, to SunCar 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-half of 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 additional time for the
Company to complete a business combination.
About Goldenbridge Acquisition Limited
Goldenbridge Acquisition Limited is incorporated
in the British Virgin Islands as a blank check company for the
purpose of entering into a merger, share exchange, asset
acquisition, share purchase, recapitalization, reorganization or
similar business combination with one or more businesses or
entities. Goldenbridge's efforts to identify a prospective target
business have not been limited to a particular industry or
geographic region.
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, including the successful consummation
of the Company's initial public offering, 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.
Yongsheng Liu
Chief Executive Officer
Goldenbridge Acquisition Limited
Tel: +86 (186) 0217-2929
Goldenbridge Acquisition (NASDAQ:GBRGU)
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