GlobeNewswire Inc. · Mar 2, 2023
Irvine, CA, March 02, 2023 (GLOBE NEWSWIRE) -- McLaren Technology Acquisition Corp. (NASDAQ: MLAI) (the “Company”) announced today that due to its inability to consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (the “Amended Charter”) the Company intends to dissolve and liquidate in accordance with the provisions of its Amended Charter, effective as of the close of business on March 3, 2023, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price of approximately $10.39 (without giving effect to any interest that may be withdrawn to pay for taxes and dissolution expenses).
GlobeNewswire Inc. · Feb 2, 2023
Irvine, CA, Feb. 02, 2023 (GLOBE NEWSWIRE) -- McLaren Technology Acquisition Corp. (NASDAQ: MLAI) (the “Company”) announced today that its sponsor, McLaren Technology Acquisition Sponsor LLC (the “Sponsor”), has requested that the Company extend the date by which the Company has to consummate a business combination from February 5, 2023 to March 5, 2023 (the “Extension”). The Extension is the first of six one-month extensions permitted under the Company’s governing documents. In connection with the Extension, the Sponsor has loaned the Company an aggregate of $664,125 (representing $0.033 per public share), which was deposited into the Company’s trust account on January 31, 2023. The Extension provides the Company with additional time to complete its initial business combination.
GlobeNewswire Inc. · Dec 20, 2021
Irvine, California, Dec. 20, 2021 (GLOBE NEWSWIRE) -- McLaren Technology Acquisition Corp. (the “Company”) announced today that, commencing December 23, 2021, holders of the 20,125,000 units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A common stock and warrants included in the units. Class A common stock and warrants that are separated will trade on the Nasdaq Stock Market LLC under the symbols “MLAI” and “MLAIW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on the Nasdaq Stock Market LLC under the symbol “MLAIU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A common stock and warrants.
GlobeNewswire Inc. · Nov 5, 2021
Irvine, CA, Nov. 05, 2021 (GLOBE NEWSWIRE) -- McLaren Technology Acquisition Corp. (the “Company”) announced today that it closed its initial public offering of 20,125,000 units, including 2,625,000 units issued to the underwriters upon full exercise of their over-allotment option, at $10.00 per unit. The units are listed on the Nasdaq Global Market (“Nasdaq”) and began trading on Wednesday, November 3, 2021, under the ticker symbol “MLAIU”. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “MLAI” and “MLAIW,” respectively.
