Kingswood Acquisition Corp. An – GuruFocus.com
NEW YORK, May 23, 2022 /PRNewswire/ — Kingswood Acquisition Corp. (“KWAC“), announced today that it is exercising its option to extend the time available to complete its business combination to November 24, 2022 and deposited $60,969 in the trust account.
About Kingswood Acquisition Corp.:
Kingswood Acquisition Corp. (“KWAC“) is a blank check corporation incorporated under the laws of State of Delaware on July 27, 2020 for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses.
No offer or solicitation
This report does not constitute a solicitation of proxy, consent or authorization with respect to securities or with respect to any business combination. This current report does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful before registration or qualification under the securities laws of such jurisdiction. No offer of securities will be made except by means of a prospectus satisfying the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Disclosure herein includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as “believe”, “can”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “should”, “would”, “plan” , “predicts”, “potential”, “appears”, “seeking”, “future”, “prospects” and similar expressions which predict or indicate future events or trends or which are not statements of historical matters. forward-looking statements include, but are not limited to, statements regarding projections, estimates and forecasts of revenues and other financial and performance measures and projections of market opportunities and expectations, KWAC’s ability to enter into a definitive agreement the business combination and KWAC’s ability to obtain the necessary financing to complete the potential business combination transaction. These statements are based on various assumptions and the current expectations of KWAC’s management and are not predictions of actual performance. These forward-looking statements are provided for informational purposes only and are not intended to serve as, and should not be relied upon by, any investor as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond KWAC’s control. These forward-looking statements are subject to a number of risks and uncertainties, including: KWAC’s ability to enter into a definitive agreement regarding the proposed business combination; the risk that KWAC shareholder approval for the potential transaction will not be obtained; failure to realize the anticipated benefits of the potential transaction, including due to a delay in completing the potential transaction or difficulty integrating KWAC’s business; the amount of redemption requests made by KWAC shareholders and the amount of funds remaining in KWAC’s trust account after satisfaction of such requests; factors discussed in KWAC’s amended annual report on Form 10-K for the fiscal year ended December 31, 2021 under the heading “Risk Factors” and other KWAC documents filed or to be filed with the SEC. If the risks materialize or the assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that KWAC is not currently aware of or that KWAC currently believes to be immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect KWAC’s expectations, plans or forecasts regarding future events and beliefs as of the date hereof. KWAC anticipates that subsequent events and developments will cause KWAC’s assessments to change. However, while KWAC may choose to update these forward-looking statements at some time in the future, KWAC expressly disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing KWAC’s assessments as of any date subsequent to the date of this statement. Accordingly, undue reliance should not be placed on forward-looking statements.
Haven Tower Group, LLC
Donald C. Cutler
424 317 4864
View original content: https://www.prnewswire.com/news-releases/kingswood-acquisition-corp-announces-extension-of-time-to-consummate-business-combinations-301553196.html
SOURCEKingswood Acquisition Corp.