Global Consumer Acquisition Corp. Announces Intent to Extend Deadline to Complete Business Combination
MARIETTA, GA, Sept. 07, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Global Consumer Acquisition Corp. (NASDAQ:GACQU, GACQ, GACQW) (“GACQ” or the “Company”), a special purpose acquisition company, announced today that, on September 7, 2022, it notified the trustee of the Company’s trust account of its intent to extend the time available to the Company to consummate a business combination from September 11, 2022 to December 11, 2022 (the “Extension”). The Extension is the second of up to two three-month extensions permitted under GACQ’s governing documents. In connection with such Extension, Global Consumer Acquisition LLC, the Company’s sponsor, will deposit an aggregate of $1,826,300 into GACQ’s trust account prior to September 11, 2022, on behalf of the Company. GACQ will issue a press release the day after the applicable deadline announcing that the funds have been timely deposited. The Extension provides GACQ with additional time to complete its proposed business combination with GP Global Limited (“GP Global”) and Luminex Home Décor & Fragrance Holding Corporation (“Luminex”), industry leaders in branded, licensed and private label solutions in the Air Care and Personal Care sectors.