Acri Capital Acquisition Corp. Announces Extension of the Deadline for an Initial Business Combination

Austin, Texas, March 13, 2023 (GLOBE NEWSWIRE) — Acri Capital Acquisition Corporation (Nasdaq: ACAC), a special purpose acquisition company, today announced that, in order to extend the date by which the Company mush complete its initial business combination from March 14, 2023 to April 14, 2023, for each public share that is not redeemed by the Company’s stockholders in connection with such Extension, Acri Capital Sponsor LLC, the sponsor of the Company, has deposited into its trust account an aggregate of $227,730.87, representing $0.0625 per public share of the Company.

Pursuant to the Company’s current Charter, the Company may extend on monthly basis from March 14, 2023, until December 14, 2023 or such an earlier date as may be determined by its board to complete a business combination by depositing the Monthly Extension Payment for each month into the Trust Account.

About Acri Capital Acquisition Corporation
Acri Capital Acquisition Corporation is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses with one or more businesses or entities, provided that it will not undertake its initial business combination with any entity being based in or having the majority of its operations in China (including Hong Kong and Macau).