SHANGHAI, Oct. 28,
2022 /PRNewswire/ -- Greencity Acquisition
Corporation (the "Company" or "Greencity") (NASDAQ:GRCY) today
announced that on October 28, 2022
the Company held an Annual General Meeting of its shareholders (the
"Meeting") at which time the shareholders voted to extend the date
(the "Extension") by which Greencity has to consummate a business
combination from October 28, 2022 to
April 28, 2023. The holders of
3,506,907 of the Company's ordinary shares present and entitled to
vote at the Meeting, constituting 100% of ordinary shares present,
voted in favor of the Extension. The Company will be promptly
filing an appropriate amendment to its Memorandum and Articles of
Association with the Registrar of Companies in the Cayman Islands.
About Greencity Acquisition Corporation
The Company is a blank check company incorporated as a
Cayman Islands exempted company
and formed for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses. While the Company
may pursue an acquisition opportunity in any industry or sector,
the Company intends to focus on businesses that have a connection
to the Asian market.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements". Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and
prospectus for the offering filed with the U.S. Securities and
exchange Commission ("SEC"). Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this press release, except as required by law.
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SOURCE Greencity Acquisition Corporation