Avila Energy Corporation announces the signing of a Non-Binding Letter of Intent with Insight Acquisition Corp to combine with the Company
The parties may also further extend such term on a mutually agreeable basis.
- The parties may also further extend such term on a mutually agreeable basis.
- The Transaction, which will constitute the de-SPAC transaction of IAC, is expected to close later this year (the “Closing”).
- Any proceeds that remain in trust following such redemption will be available to the Surviving Company at the Closing.
- No minimum cash condition or other required financing is expected to be a condition to Closing the Transaction.