SPRING,
Texas, Jan. 13, 2023 /PRNewswire/ -- Pontem
Corporation (NYSE: PNTM.U) (the "Company") today held an
extraordinary general meeting in which shareholders approved the
extension of the date by which the Company has to consummate a
business combination from January 15,
2023 to July 15, 2023 or such
earlier date as is determined by the Company's board of directors
(the "Board") to be in the best interest of the Company (the
"Extension"). In connection with the Extension, Pontem LLC and
HSM-Invest have notified the company of their intention to effect a
monthly deposit into the trust account established in connection
with the Company's initial public offering (the "Trust Account") of
$833,333 (up to $5,000,000 for six months) as a loan to the
Company (each, a "Contribution") on or prior to the 15th each month
during the Extension, unless the Board otherwise determines to
liquidate the Company earlier. The initial Contribution was made on
January 13, 2023.
About Pontem Corporation
Pontem Corporation is a special purpose acquisition company
(SPAC) formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses or
entities. In January 2021, Pontem
completed its initial public offering on the New York Stock
Exchange and trades under NYSE:PNTM.U.
https://www.pontemcorp.com/
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements included in this press release 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 generally relate to future events or the Company's
future financial or operating performance. In some cases, you can
identify forward-looking statements by terminology such as "may",
"should", "would", "seem", "expect", "intend", "will", "estimate",
"anticipate", "believe", "future", "predict", "potential" or
"continue", or the negatives of these terms or variations of them
or similar terminology, but the absence of these words does not
mean that a statement is not forward looking. These statements are
based on various assumptions and on the current expectations of the
Company's management and are not predictions of actual performance.
Actual events and circumstances are difficult or impossible to
predict and will differ from assumptions. Many actual events and
circumstances are beyond the control of the Company and subject to
a number of risks and uncertainties, including those factors
discussed in the Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 2021
under the heading "Risk Factors," and other documents of the
Company filed, or to be filed, with the SEC. If the risks
materialize or assumptions prove incorrect, actual results could
differ materially from the results implied by these forward-looking
statements. In addition, forward-looking statements reflect the
Company's expectations, plans or forecasts of future events and
views as of the date hereof. Although the Company may elect to
update these forward-looking statements at some point in the
future, the Company specifically disclaims any obligation to do so.
These forward-looking statements should not be relied upon as
representing the Company's assessments as of any date subsequent to
the date of this press release. Accordingly, undue reliance should
not be placed upon the forward-looking statements.
For more information, please contact:
Pontem Corporation
www.pontemcorp.com
Tim Burt, Teneo
tim.burt@teneo.com
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SOURCE Pontem Corporation