New York, NY, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Sagaliam Acquisition Corp. (NASDAQ: “SAGAU”, “SAGA”, “SAGAR”) (“Sagaliam” or the “Company”) announced today that its special meeting of stockholders (the “Meeting”), which was originally scheduled for Friday, December 16, 2022, has been adjourned to 9:00 a.m., Eastern Time, on December 22, 2022. At the Meeting, stockholders will be asked to vote on a proposal to amend the Company’s amended and restated certificate of incorporation (the “Charter”) pursuant to a first amendment to the Charter to provide the Company with the option to extend the date by which the Company must complete its initial business combination from December 23, 2022 by up to ten successive one month periods up to October 23, 2023 by depositing additional funds into the trust account at each extension election (the “Extension Amendment Proposal”).
SAGALIAM ACQUISITION CORP. ANNOUNCES ADJOURNMENT OF THE SPECIAL MEETING OF STOCKHOLDERS FOR APPROVING AN AMENDMENT TO ITS CHARTER TO EXTEND THE DEADLINE TO CONSUMMATE ITS INITIAL BUSINESS COMBINATION
Dec 15, 2022
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