Epiphany Technology Acquisition Corp. Announces No Contribution Will be Made to Trust Account in Connection with its Extension
Palo Alto, California, Dec. 12, 2022 (GLOBE NEWSWIRE) — On December 12, 2022, Epiphany Technology Acquisition Corp. (the “Company”) announced that it has filed a supplement to its definitive proxy statement (the “Proxy Statement”), dated November 29, 2022, in connection with a special meeting in lieu of an annual meeting of the stockholders (the “Meeting”) to consider and vote on certain proposals, including an extension of the date by which the Company has to complete a business combination (the “Business Combination”) from January 12, 2023 to July 12, 2023 (the “Extension”). As stated in the Proxy Statement, the Sponsor had informed the Company that it (or its designees) intended to contribute to the Company Loans of $0.04 for each public share that is not redeemed for each calendar month that is needed by the Company to complete the Business Combination until July 12, 2023 if the Extension were to be approved and implemented. On December 12, 2022, the Sponsor informed the Company that it does not intend to make any such Loans in connection with the Extension. Accordingly, in the event the Extension is implemented, no additional deposit will be made to the Company’s trust account.