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.
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
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American Technology Acquisition Corporation