Retrieved on:
Tuesday, December 20, 2022
Interest on Lawyer Trust Accounts,
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Internet of things,
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IOT,
BCA,
Financial services,
Security (finance) DALLAS, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Parabellum Acquisition Corp. (“Parabellum” or the “Company”) (NYSE: PRBM.U; PRBM; PRBM.WS), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its stockholders approved a change of the extension terms of the combination period by the end of which it has to consummate a business combination, allowing the Company to extend such date six (6) times for an additional one (1) month each time, from March 30, 2023 to September 30, 2023 (the date which is 24 months from the closing date of Parabellum’s initial public offering) (the extension, the “Extension”) by depositing $185,000 into the Trust Account for each one month extension.
Key Points:
- DALLAS, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Parabellum Acquisition Corp. (“Parabellum” or the “Company”) (NYSE: PRBM.U; PRBM; PRBM.WS), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its stockholders approved a change of the extension terms of the combination period by the end of which it has to consummate a business combination, allowing the Company to extend such date six (6) times for an additional one (1) month each time, from March 30, 2023 to September 30, 2023 (the date which is 24 months from the closing date of Parabellum’s initial public offering) (the extension, the “Extension”) by depositing $185,000 into the Trust Account for each one month extension.
- As previously reported, on November 13, 2022, the Company entered into a Business Combination Agreement (“BCA”) with EnOcean GmbH (“EnOcean”) pursuant to which the Company and EnOcean, as a result of a merger, share exchange and other transactions set forth in the BCA, would become subsidiaries of EnOcean Holdings, B.V. (“Holdco”), which will then change the name to EnOcean Holdings, N.V. and become a public company.
- EnOcean is the pioneer of energy harvesting and delivers valuable data for the Internet of Things (IoT) with its resource-saving technology.
- The transactions set forth in the BCA would constitute a business combination.
Retrieved on:
Monday, November 14, 2022
Communication,
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Holding company EnOcean has pioneered and is a leader in energy harvesting based IoT devices, devoted to commercial buildings and smart spaces.
Key Points:
- EnOcean has pioneered and is a leader in energy harvesting based IoT devices, devoted to commercial buildings and smart spaces.
- We believe getting access to public markets through the business combination with Parabellum is a perfect path forward for EnOcean.
- This path creates a healthy balance sheet for EnOcean and continued access to public markets for strategic initiatives, said Raoul Wijgergangs, CEO of EnOcean.
- Following the closing, the combined company will continue to operate the business of EnOcean from its offices in Oberhaching, Germany.
Retrieved on:
Tuesday, November 1, 2022
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Security (finance) DALLAS, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Parabellum Acquisition Corp., a special purpose acquisition company (the Company, Parabellum) announced today that on October 31, 2022 it had received a letter (the Letter) from the NYSE Regulation indicating that NYSE Regulation has determined to commence proceedings to delist the Companys warrants from the NYSE exchange and that trading in the warrants would be suspended immediately.
Key Points:
- DALLAS, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Parabellum Acquisition Corp., a special purpose acquisition company (the Company, Parabellum) announced today that on October 31, 2022 it had received a letter (the Letter) from the NYSE Regulation indicating that NYSE Regulation has determined to commence proceedings to delist the Companys warrants from the NYSE exchange and that trading in the warrants would be suspended immediately.
- Specifically, NYSE Regulation noted in the Letter that the warrants are no longer suitable for listing based on low selling price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual.
- The Company currently intends to appeal the NYSE Regulations determination to delist the warrants.
- Parabellum is a blank-check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
