Alberton Acquisition Corp

Alberton Acquisition Corp. is a blank check company, which engages in identifying and evaluating suitable acquisition transaction candidates. The company was founded on February 16, 2018 and is headquartered in Hong Kong.

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Alberton Acquisition Corporation operates a blank check company. The company aims to acquire one or more businesses and assets through a merger, a capital stock exchange, asset acquisition, stock purchase, and reorganization.

New York, April 22, 2022 (GLOBE NEWSWIRE) -- As previously disclosed, on April 13, 2022, Alberton Acquisition Corp. (the “Company”) was notified by SolarMax Technology, Inc., a Nevada corporation (“SolarMax”) that it intended to terminate an agreement and plan of merger, dated as of October 27, 2020 (as amended, the “Merger Agreement”) because it reasonably believed that the proposed merger (the “Merger”) between the Company and SolarMax would not be completed by April 26, 2022.

Alberton Acquisition Corporation Terminates the Merger Agreement

New York, April 14, 2022 (GLOBE NEWSWIRE) -- On April 13, 2022, Alberton Acquisition Corp. (the “Company”) was notified by SolarMax Technology, Inc., a Nevada corporation (“SolarMax”) that it intended to terminate an agreement and plan of merger, dated as of October 27, 2020 (as amended, the “Merger Agreement”) because it reasonably believed that the proposed merger (the “Merger”) between the Company and SolarMax would not be completed by April 26, 2022.

Alberton Acquisition Corporation Provides an Update with Regards to The Merger

New York, March 07, 2022 (GLOBE NEWSWIRE) -- On March 3, 2022, Alberton Acquisition Corp. (the “Company”) received notice from the Nasdaq Office of General Counsel that a Nasdaq Hearings Panel (the “Panel”) had granted the Company's request to continue its listing on Nasdaq through April 26, 2022 (the “Extended Date”). As previously disclosed, in December 2021, the Company attended a hearing before the Panel, at which it presented its plan to regain compliance with Nasdaq IM-5101-2, which requires that a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its initial public offering registration statement; and demonstrate compliance with all initial listing standards required by the Nasdaq. Following the hearing, and as disclosed on January 5, 2022, the Panel granted the Company's request for an extension to regain compliance by the original March 14, 2022 (the “Original Extended Date”). On February 28, 2022, the Company submitted a request for additional extension as a result of the need for additional time to prepare and include the audited financial statements for the fiscal year ended December 31, 2021 for the Company and SolarMax in the S-4, which request was granted by the Panel on March 3, 2022. The Panel's decision is subject to certain conditions, including that the Company will have completed its previously announced proposed business combination (the “Business Combination”) with SolarMax Technology, Inc. (“SolarMax”) on or before April 26, 2022, the Extended Date, and that the combined company will have demonstrated compliance with all applicable requirements for initial listing on Nasdaq. The Panel stated that April 26, 2022 represents the full extent of the Panel's discretion to grant continued listing while the Company is non-compliant. As a result, if the merger is not completed and the Company does not demonstrate compliance with the applicable Nasdaq listing requirements by April 26, 2022, the Panel will issue a final delist determination and the Company will be suspended from trading on Nasdaq.

Alberton Acquisition Corporation receives further Nasdaq extension to complete merger with SolarMax Technology, Inc.

New York, Jan. 05, 2022 (GLOBE NEWSWIRE) -- On January 3, 2022, Alberton Acquisition Corp. (the “Company”) received notice from the Nasdaq Office of General Counsel that a Nasdaq Hearings Panel (the “Panel”) had granted the Company's request to continue its listing on Nasdaq through March 14, 2022 (the “Extended Date”). As previously reported, the Company received notice from the Listing Qualifications Department (“Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that unless the Company timely requested a hearing before the Panel, the Company's securities (common stock, warrants, units and rights) would be subject to suspension and delisting from The Nasdaq Capital Market due to the Company's non-compliance with Nasdaq IM-5101-2, which requires that a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. The Company timely requested a hearing before the Panel and the hearing was held on December 16, 2021. The Panel's decision is subject to certain conditions, including that the Company will have completed its previously announced proposed business combination (the “Business Combination”) with SolarMax Technology, Inc. (“SolarMax”) on or before the Extended Date and that the combined company will have demonstrated compliance with all applicable requirements for initial listing on Nasdaq.

Alberton Acquisition Corporation receives Nasdaq extension to complete merger with SolarMax Technology, Inc.

Alberton Acquisition Corporation Regains Compliance with Certain Nasdaq Listing Requirement

New York, June 11, 2021 (GLOBE NEWSWIRE) -- Alberton Acquisition Corporation (NASDAQ: ALAC, the “ Company ”) today announced that it has received a notice from the NASDAQ Stock Market on June 9, 2021 notifying the Company that, because its Form 10-Q for the period ended March 31, 2021 (the " 2021 10-Q ") was not filed with the Securities and Exchange Commission by the required due date of May 17, 2021, the Company is therefore not in compliance with the periodic filing requirements for continued listing set forth in NASDAQ Listing Rule 5250(c)(1).

Alberton Acquisition Corporation Receives NASDAQ Notice on Late Filing of its Form 10-Q

New York, New York, April 07, 2021 (GLOBE NEWSWIRE) -- Alberton Acquisition Corp. (“Alberton”) (NASDAQ: ALAC) announced that it changed the record date for issuance of 1,414,480 dividend warrants to the holders of public ordinary shares and/or public units from April 21, 2020 to April 22, 2020.

Alberton Acquisition Corp. Announces Payment Date of Dividend Warrants

NEW YORK, March 27, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Alberton Acquisition Corp. ("ALAC" or the "Company") (ALAC) relating to its proposed merger with SolarMax Technology, Inc. The investigation focuses on whether Alberton Acquisition Corp. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, 2) whether the transaction is properly valued, and 3) whether all material information has been disclosed. Click here for more information: http://monteverdelaw.com/case/alberton-acquisition-corp.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Alberton Acquisition Corp. - ALAC

New York, New York, Feb. 05, 2021 (GLOBE NEWSWIRE) -- Alberton Acquisition Corp. (“Alberton”) (NASDAQ: ALAC) announced today that it issued 1,414,480 dividend warrants, with each warrant entitling the holder to purchase one-half ordinary share, to the public shareholders who were holders of record on April 21, 2020 and did not exercise their right to have their shares redeemed in connection with the April 2020 extension of the date on which Alberton must complete a business combination.

Alberton Acquisition Corp. Announces Issuance of Dividend Warrants

Alberton Acquisition Corp - Units (1 Ord, 1 Warr & 1Rts)

Alberton Acquisition Corporation has announced a merger with SolarMax Technology, Inc., a solar panel engineering, procurement, and construction service. SolarMax Technology, Inc. has installed more than 12,000 systems in the US and the largest US-based solar developer in China today.

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NEW YORK, Nov. 3, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Alberton Acquisition Corporation ("ALAC" or the "Company") (NASDAQ: ALAC) in connection with the Company's proposed merger with...

SHAREHOLDER ALERT: WeissLaw LLP Investigates Alberton Acquisition Corporation

New York, New York, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Alberton Acquisition Corp. (“Alberton”) (NASDAQ: ALAC) announced today that it has entered into an agreement and plan of merger (the “Merger Agreement”) by and among Alberton, SolarMax Technology, Inc., a Nevada corporation (“SolarMax”), and Alberton Merger Subsidiary Inc., a Nevada corporation and wholly-owned subsidiary of Alberton (the “Merger Sub”), pursuant to which, among other things, on the terms and subject to the conditions set forth therein, Merger Sub would merge with and into SolarMax (the “Merger”), with SolarMax continuing as the surviving corporation of the Merger, becoming a direct wholly-owned subsidiary of Alberton, with SolarMax' stockholders receiving, in respect of their SolarMax shares, Alberton shares having a value of $300,000,000. The value of a shares of Alberton stock is the price per share equal to the price at which a share of Alberton common stock is redeemed in connection with the Merger.

Alberton Acquisition Corp. Announces Signing of Merger Agreement with SolarMax Technology, Inc.

New York, Oct. 09, 2020 (GLOBE NEWSWIRE) -- Alberton Acquisition Corporation (NASDAQ: ALAC, the “ Company ”) today announced that in light of the upcoming special shareholder meeting to be held on October 26, 2020, if the shareholders approves the proposal to extend the date by which the Company must complete its initial business combination from October 26, 2020 to April 26, 2021 or such earlier date as determined by the board (the “ Extension ”), for each public share that is not redeemed by the Company’s shareholders in connection with the Extension (collectively, the “ Remaining Shares ”, each, a “ Remaining Share ”), for each monthly period, or portion thereof during the Extension, it will deposit $0.05 per share per month into the trust account as additional interest on the proceeds in the trust account Extension, based on a commitment from its sponsor (the “ Cash Contribution ”).

Alberton Acquisition Corporation Announced Cash Contribution in connection with the Extension

New York, April  20, 2020  (GLOBE NEWSWIRE) -- Alberton Acquisition Corporation (NASDAQ: ALAC, the “ Company ”) today announced that in light of the upcoming special shareholder meeting to be held on April 23, 2020,  if the shareholders approves to extend the date by which the Company must complete its initial business combination  from April 27, 2020 to October 26, 2020 or such earlier date as determined by the board (the “ Extension ”),  for aggregate public shares that are not redeemed by the public shareholders in connection with the Extension (collectively, the “ Remaining Shares ”, each, a “ Remaining Share ”), for each monthly period, or portion thereof, that is needed by the Company to complete an initial business combination, it will deposit $60,000 per month during the Extension into the trust account as additional interest on the proceeds in the trust account Extension (the “ Cash Contribution ”). The deposit of first two months’ contribution of $120,000 will be made within 7 business days of April 27, 2020 and deposit of each subsequent month’s contribution of $60,000 will be made within 7 business days of 27th day of such month.

Alberton Acquisition Corporation Announced Revised Contribution in connection with the Extension and Issuance of a Promissory Note under a Non-Binding Letter of Intent

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