McLaren Technology Acquisition Corp. Announces Extension of Deadline to Complete Business Combination
Irvine, CA, Feb. 02, 2023 (GLOBE NEWSWIRE) — McLaren Technology Acquisition Corp. (NASDAQ:MLAI) (the “Company”) announced today that its sponsor, McLaren Technology Acquisition Sponsor LLC (the “Sponsor”), has requested that the Company extend the date by which the Company has to consummate a business combination from February 5, 2023 to March 5, 2023 (the “Extension”). The Extension is the first of six one-month extensions permitted under the Company’s governing documents. In connection with the Extension, the Sponsor has loaned the Company an aggregate of $664,125 (representing $0.033 per public share), which was deposited into the Company’s trust account on January 31, 2023. The Extension provides the Company with additional time to complete its initial business combination.