Wejo Announces TKB Critical Technologies 1 to Retain Approximately $56.7 Million in its Trust Account as Next Step in Companies' Business Combination

Jan 31, 2023

Wejo+Group+Limited+%28NASDAQ%3A+WEJO%29+%28%26ldquo%3BWejo%26rdquo%3B%29, a global leader in Smart Mobility for Good™ cloud and software solutions for connected, electric and autonomous vehicle data, today announced TKB+Critical+Technologies+1+%28NASDAQ%3A+USCT%29+%28%22TKB%22%29 retained approximately $56.7 million in its trust account after a final shareholder vote to extend the time it has to consummate a business combination to June 29, 2023. The vote, which was approved by approximately 99% of the votes cast at the meeting, representing approximately 82% of TKB’s outstanding shares, resulted in the retention of approximately $3.7 million more in TKB’s trust account than was reported by TKB on January 25, 2023.

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