Soar Technology Acquisition Corp

Soar Technology Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company is headquartered in New York, NY.

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NEW YORK--( BUSINESS WIRE )--SOAR Technology Acquisition Corp. (NYSE: FLYA) (the “Company”) announced today that it has determined that it will be unable to consummate an initial business combination within the time period required by its Memorandum and Articles of Association, as amended (the “Charter”). The business combination that the Company previously believed could be completed by March 30, 2023 is no longer viable, and therefore the Company intends to dissolve and liquidate in accordance with the provisions of its Charter, effective as of the close of business on December 20, 2022, and will redeem all of the outstanding Class A ordinary shares that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price of approximately $10.42 (without giving effect to any interest that may be withdrawn to pay for taxes and dissolution expenses).

SOAR Technology Acquisition Corp. Announces Liquidation

NEW YORK--( BUSINESS WIRE )--SOAR Technology Acquisition Corp. (“SOAR” or the “Company”) announced today that it intends to extend the period of time it has to consummate its initial business combination by three months from December 20, 2022 to March 20, 2023. The Company has been advised by its sponsor, SOAR Technology Sponsor, LP, that it intends to deposit an aggregate of $2,300,000 into the Company's trust account for its public shareholders, representing $0.10 per public share, on or prior to December 20, 2022.

SOAR Technology Acquisition Corp. Intends to Extend Period to Consummate Initial Business Combination

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