LOS
ANGELES, April 12, 2024 /PRNewswire/ -- LAMF
Global Ventures Corp. I (Nasdaq: LGVCU, LGVC, LGVCW) ("LAMF" or the
"Company"), announced today that on April
12, 2024, its board of directors (the "Board") decided to
extend the date by which the Company must consummate an initial
business combination (the "Deadline Date") from April 16, 2024 to May 16,
2024 in order to facilitate the closing of the business
combination agreement, dated as of August
17, 2023 (the "Business Combination Agreement"), by and
among the Company, Nuvo Group Ltd., a limited liability company
organized under the laws of the State of
Israel ("Nuvo"), Nuvo Assetco Corp., a Cayman Islands exempted company and a wholly
owned subsidiary of the Company ("Assetco"), and H.F.N Insight
Merger Company Ltd., a limited liability company organized under
the laws of the State of Israel
and a wholly owned subsidiary of LAMF ("Merger Sub") (the "Business
Combination"). This is the sixth of up to six one-month extensions
of the Deadline Date available to the Company pursuant to its
amended and restated memorandum and articles of association.
About LAMF Global Ventures
Corp. I
LAMF Global Ventures Corp. I is a special purpose acquisition
company whose business purpose is to effect a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. LAMF is
sponsored by affiliated parties of LAMF LLC (d/b/a Los Angeles
Media Fund), a multifaceted media and entertainment company whose
primary business is financing and producing feature films,
television series, documentary projects and live events, the
management of professional athletes, and investing in complementary
technology businesses to the foregoing. LAMF is led by Jeffrey Soros, its Chairman, and Simon Horsman, its Chief Executive Officer, the
co-founders of LAMF LLC. The members of LAMF's sponsor also include
affiliates of 10X LLC ("10X Capital"), an investment firm
connecting Wall Street with Silicon Valley. 10X Capital invests
across the capital structure, with a focus on companies using
technology to disrupt major industries, including finance,
healthcare, natural resources, transportation, infrastructure,
agriculture and real estate. LAMF's securities are traded on Nasdaq
under the ticker symbols LGVC, LGVCU and LGVCW.
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SOURCE LAMF Global Ventures Corp. I
