Coliseum Acquisition Corp.

09/19/2024 | Press release | Distributed by Public on 09/19/2024 06:59

Material Event Form 8 K

Item 8.01 Other Events.

As previously disclosed, Coliseum Acquisition Corp. (the "Company") has scheduled an extraordinary general meeting (the "Meeting") to be held at the offices of White & Case LLP at 10:00 a.m. on September 20, 2024, to seek shareholder approval of an amendment to the Company's amended and restated memorandum and articles of association to extend (the "Extension") the date by which the Company must consummate an initial business combination from September 25, 2024 to October 25, 2024 and to allow the Company, without another shareholder vote, by resolution of the Company's board of directors, to elect to further extend such date up to two times for an additional one month each time, until up to December 25, 2024, provided that Berto LLC or its affiliate or designee deposits into the trust account established in connection with the Company's initial public offering, as a loan, (i) on or before September 25, 2024, with respect to the initial extension, the lesser of (x) $50,000 and (y) $0.04 multiplied by the number of public shares then outstanding, and (ii) one business day following the public announcement by the Company disclosing that the board of directors has determined to implement an additional monthly extension, with respect to each such additional extension, the lesser of (x) $50,000 and (y) $0.04 multiplied by the number of public shares then outstanding, up to a maximum aggregate contribution amount of $150,000 if all monthly extensions are exercised.

The redemption deadline in connection with the Extension was 5:00 p.m. on September 18, 2024. An aggregate of 1,289,249 shares were submitted for redemption prior to the redemption deadline out of 2,876,361 public shares then outstanding, which would result in an aggregate of 1,587,112 publicly held shares remaining after redemptions.

The Company has determined to allow redemption reversals so that no more than 2,000,000 shares remain in the public float following redemptions. Shareholders may withdraw redemptions at any time until the vote is taken with respect to the Extension. Shareholders may request to reverse their redemption by contacting the Company's transfer agent, Continental Stock Transfer & Trust Company, at One State Street, 30th Floor, New York, New York 10004 (e-mail: [email protected]).

Additional Information and Where to Find It

The Company has filed with the Securities and Exchange Commission ("SEC") a definitive proxy statement (the "Proxy Statement") to be used at the Meeting, and has mailed the Proxy Statement to its shareholders of record as of August 23, 2024. Investors and security holders of the Company are advised to read the Proxy Statement and any amendments thereto, because these documents contain important information about the Meeting and the Company. Shareholders will also be able to obtain copies of the Proxy Statement, without charge, at the SEC's website at www.sec.gov or by directing a request to the Company's proxy solicitor, Sodali & Co, at 333 Ludlow Street, 5th Floor, South Tower, Stamford, CT 06902, Toll-Free (800) 662-5200 or (203) 658-9400, Email: [email protected], or to the Company atColiseum Acquisition Corp., 1180 North Town Center Drive, Suite 100, Las Vegas, NV 89144.

Participants in the Solicitation

The Company and its directors and executive officers may be considered participants in the solicitation of proxies with respect to the Meeting under the rules of the SEC. Information about the directors and executive officers of the Company and a description of their interests in the Company are set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on April 5, 2024 (the "Annual Report") and the definitive Proxy Statement, which was filed with the SEC on September 3, 2024. These documents can be obtained free of charge from the sources indicated above.

Forward-Looking Statements

Certain statements made in this Current Report are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the inability of the Company to consummate a business combination within the time provided in the Company's amended and restated memorandum and articles of association; the level of redemptions made by the Company's shareholders in connection with the Meeting and its impact on the amount of funds available in the Company's trust account to complete an initial business combination; and those factors discussed in the Annual Report under the heading "Risk Factors," and other documents of the Company filed, or to be filed, with the SEC. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.