HHG Capital Corporation Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
SINGAPORE, SINGAPORE / ACCESSWIRE / December 20, 2022 / HHG Capital Corporation (the “Company”) announced today that the Company made a deposit on December 20, 2022 to the trust account and extended the amount of time it has available to complete a business combination from December 23, 2022 to January 23, 2023, by depositing $0.0333 for each issued and outstanding company ordinary shares issued in the initial public offering that shareholders have not waived rights to receive any portion of any extension payment deposited by the Company in connection with its extension starting from September 23, 2022. The purpose of the extension is to provide time for the Company to complete a business combination. The Company has made a deposit to the trust account in November 2022 and extended the amount of time it has available to complete a business combination by December 23, 2022, by depositing $0.0333 for each issued and outstanding company ordinary shares issued in the initial public offering that shareholders have not waived rights to receive any portion of any extension payment deposited by the Company in connection with its extension starting from September 23, 2022.
About HHG Capital Corporation
The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on industries that complement its management team’s background. The Company is led by Chee Shiong (Keith) Kok, the Company’s Chief Executive Officer, and Shuk Man (Lora) Chan, the Company’s Chief Financial Officer.
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 Company’s search for an initial business combination, 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.
HHG Capital Corporation
Chee Shiong (Keith) Kok
Chief Executive Officer
1 Commonwealth Lane
#03-20, Singapore, 149544
SOURCE: HHG Capital Corporation Units
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