American Technology Acquisition Corporation announced the termination of its business combination agreement with Rally Communitas agreement

American Technology Acquisition Corporation

American Technology Acquisition Corporation

DALLAS, Texas, Dec-September 2022 (GLOBE NEWSWIRE) — Americas Technology Acquisition Corp. (NYSE: ATA, ATA.WS, ATA.U) (“ATA”) announced today that ATA and Rally Communitas Corp (“Rally”) have mutually agreed to terminate the previously announced merger agreement and plan (as amended, “Merger Agreement” between ATA and Rally).

The termination of the merger agreement has been approved by the boards of directors of ATA and Rally.

About Americas Technology Acquisition Corp.

Americas Technology Acquisition Corporation is a blank check company for the purpose of entering into a merger, equity exchange, asset acquisition or other similar business combination with one or more businesses or entities, with an initial focus on the technology, media and telecommunications verticals.

About Rally

Rally is a mobility-as-a-service company mobilizing millions of riders with innovations designed to meet surging demand and the challenges of mid-mile travel.

Rally’s main product is bus pooling, which brings together individuals attending large events to create bus trips on demand. Their algorithm automatically routes crowdsourced bus stops together to create efficient routes. Additionally, Rally’s “OurBus” product disrupts regularly scheduled intercity bus travel by leveraging data science to create optimized intercity routes and automate bus operations.

Caution Regarding Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company, which may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Statements regarding possible business combinations and their financing and related matters, and all other statements other than statements of historical fact contained in this press release, are forward-looking statements. When words such as “anticipate,” “believe,” “continue,” “may,” “estimate,” “anticipate,” “intend,” “may,” “likely,” “plan” are used in this press release, ” “May,” “potential,” “forecast,” “project,” “should,” “will” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on management’s beliefs, assumptions made by company management and information currently available. Actual results may differ materially from those anticipated in the forward-looking statements as a result of certain factors detailed in the company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributed to us or persons acting on our behalf are qualified by this paragraph. Forward-looking statements are subject to a number of conditions, many of which are beyond the company’s control, including those set forth in the risk factors section of the company’s registration statement filed with the Securities and Exchange Commission and the company’s initial public offering prospectus. The company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.


Jorge Marcos
American Technology Acquisition Corporation
(214) 396-5927

Source link