Quadro Acquisition One Corp. Announces Correction in Contribution Amount in Connection with its Proposed Extension
13 November 2023 - 1:10PM
On November 13, 2023, Quadro Acquisition One Corp. (the
“Company”) announced that it has filed a supplement (“Supplement”)
to its definitive proxy statement (the “Proxy Statement”), dated
November 7, 2023, in connection with an extraordinary general
meeting in lieu of an annual general meeting (“Meeting”) to
consider and vote on certain proposals, including an extension of
the date by which the Company has to complete a business
combination (the “Business Combination”) from November 22, 2023 to
May 22, 2024 (the “Extension”). The Supplement serves to clarify
and correct the Extension contribution amount in the Proxy
Statement to the lesser of (a) an aggregate of $40,000 per month or
(b) $0.025 per month for each public share that is not redeemed in
connection with the Extension for each calendar month (commencing
on November 22, 2023 and on the 22nd day of each subsequent month)
that is needed to complete a Business Combination, which amount
will be deposited into the Company’s trust account, if the
Extension were to be approved and implemented.
Shareholders of record as of October 19, 2023
will be able to attend and participate in the Meeting online by
visiting https://www.cstproxy.com/quadroacquisitionone/2023.
Please see the Company’s Proxy Statement mailed to shareholders of
record and available at the SEC website at www.sec.gov for
more information.
About Quadro Acquisition One
Corp.
Quadro Acquisition One Corp. is a blank check
company formed for the purpose of acquiring, engaging in a share
exchange, share reconstruction and amalgamation, contractual
control arrangement with, purchasing all or substantially all of
the assets of, or engaging in any other similar initial business
combination with one or more businesses or entities that the
Company has not yet identified. The Company is led by Chief
Executive Officer Dimitri Elkin.
Participants in the
Solicitation
The Company and its directors and executive
officers and other persons may be deemed to be participants in the
solicitation of proxies from the Company’s shareholders in respect
of the Extension. Information regarding the Company’s directors and
executive officers is available in its annual report on Form 10-K
filed with the Securities and Exchange Commission (the “SEC”).
Additional information regarding the participants in the proxy
solicitation and a description of their direct and indirect
interests are contained in the Proxy Statement.
No Offer or Solicitation
This communication shall not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of securities in any jurisdiction in which
the offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended.
Additional Information
The Company has filed with the SEC a Proxy
Statement and Supplement in connection with the Meeting to consider
and vote upon the Extension and other matters and, beginning on
November 9, 2022, mailed the Proxy Statement and other relevant
documents to its shareholders as of the October 19, 2023 record
date for the Meeting. The Company’s shareholders and other
interested persons are advised to read the Proxy Statement, the
Supplement and any other relevant documents that have been or will
be filed with the SEC in connection with the Company’s solicitation
of proxies for the Meeting because these documents will contain
important information about the Company, the Extension and related
matters. Shareholders may also obtain a free copy of the Proxy
Statement, the Supplement, as well as other relevant documents that
have been or will be filed with the SEC, without charge, at the
SEC’s website located at www.sec.gov or by directing a request
to Advantage Proxy, Inc. at (877) 870-8565 (toll free) or by email
at ksmith@advantageproxy.com.
Forward-Looking Statements
This press release may include, and oral
statements made from time to time by representatives of the Company
may include, “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Statements
regarding possible business combinations and the financing thereof,
and related matters, as well as all other statements other than
statements of historical fact included in this press release are
forward-looking statements. When used in this press release, words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. 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 Company’s
initial public offering filed with the SEC. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
Contacts
Dimitri Elkin
Title: Chief Executive Officer
Phone: (302) 738-6680
Email: delkin@quadrocapital.com
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