TORONTO, Oct. 11,
2024 /CNW/ - Meraki Acquisition One, Inc. (TSXV:
MRKI.P) (the "Company") announces that it has terminated its
proposed transaction with Vaultex Pte. Ltd. ("Vaultex") which would
have resulted in a reverse takeover of the Company (the
"Transaction"). The Company will continue to evaluate and seek
other acquisition opportunities with a view to completing a
qualifying transaction in accordance with the policies of the TSX
Venture Exchange ("TSXV") and will provide further updates in due
course. In addition, the Company is in the process of seeking
approval from the TSXV for the resumption of trading of the
Company's common shares.
No deposit or cash advance was made by the Company to Vaultex in
connection with the Transaction.
About Meraki Acquisition One, Inc.
The Company has not commenced commercial operations and has no
assets other than a minimum amount of cash. Except as specifically
contemplated in the TSXV Policy 2.4 – Capital Pool
Companies, until Completion of the "qualifying transaction",
the Company will not carry on any business other than the
identification and evaluation of assets or businesses with a view
to completing a proposed "qualifying transaction".
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Notice Regarding Forward Looking Information
Certain information set forth in this press release may contain
forward-looking information that involves substantial known and
unknown risks and uncertainties, including any proposed future
qualifying transaction of the Company. This forward-looking
information is subject to numerous risks and uncertainties, certain
of which are beyond the control of the Company, including, but not
limited to, the impact of general economic conditions, industry
conditions, and dependence upon regulatory approvals (both in
Canada and internationally).
Readers are cautioned that the assumptions used in the preparation
of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward looking information. The Company
disclaims any intention or obligation to update or revise any
forward-looking information whether as a result of new information,
future events, or otherwise, except as may be required by
applicable securities law.
SOURCE Meraki Acquisition One, Inc.
