New York, NY, June 21, 2022 (GLOBE NEWSWIRE) — Ackrell SPAC Partners I Co. (“Ackrell” or the “Company”) (Nasdaq: “ACKIU” for units, “ACKIT” for subunits and “ACKW” for warrants) announced that its stockholders have approved an extension of the date by which the Company must consummate a business combination from June 23, 2022 to September 23, 2022 (or such earlier date as determined by Ackrell’s board of directors) (the “Extension”) at the special meeting of stockholders held on June 21, 2022 (the “Special Meeting”). The Extension provides Ackrell with additional time to complete the previously announced proposed business combination (the “Transaction”) with Blackstone Products (“Blackstone”).
Jason Roth, Chief Executive Officer of Ackrell, commented on the results of the meeting: “We are happy to report that more than 99% of the votes cast by our stockholders supported the extension, which will allow us additional time to complete our business combination with Blackstone. With this vote of approval, we will continue to work towards completing a successful business combination to build stockholder value for this company.”
The Company will deposit $200,000 (the “Extension Payment”) into the Company’s trust account for its public stockholders (the “Trust Account”), representing $0.0388 per public subunit, which enables the Company to further extend the period of time it has to consummate its initial…
