Altitude Acquisition Corp. Pronounces Extension of Deadline

Altitude Acquisition Corp. Pronounces Extension of Deadline

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ATLANTA, Nov. 03, 2023 (GLOBE NEWSWIRE) — Altitude Acquisition Corp. (Nasdaq: ALTUU, ALTU, ALTUW) (“Altitude”), introduced immediately that its board of administrators (the “Board”), upon request by Altitude’s sponsor, Altitude Acquisition Holdco LLC (the “Sponsor”), has prolonged the date by which Altitude should consummate an preliminary enterprise mixture (the “Deadline Date”) for a further month, from November 11, 2023 to December 11, 2023.

Altitude’s Amended and Restated Certificates of Incorporation, as amended (the “Constitution”), provides the Board the precise to increase the Deadline Date, with out additional stockholder vote, as much as eight instances for a further one month every time (every, an “Extension”), from April 11, 2023 to as much as December 11, 2023. On November 3, 2023, pursuant to the Constitution and upon request from the Sponsor, the Board decided to implement an eighth Extension.

As beforehand introduced, on April 23, 2023, Altitude entered right into a enterprise mixture settlement (the “Enterprise Mixture Settlement”) with Picard Medical, Inc. (“Picard”) and the opposite events thereto, which offers for a enterprise mixture between Altitude and Picard. The aim of this month-to-month Extension is to offer Altitude with extra time to consummate the proposed enterprise mixture with Picard.

About Altitude Acquisition Corp.
Altitude Acquisition Corp. (Nasdaq: ALTUU, ALTU, ALTUW) is a clean verify firm integrated as a Delaware company for the aim of effecting a merger, capital inventory alternate, asset acquisition, inventory buy, reorganization or related enterprise mixture with a number of companies or entities.

Essential Info Concerning the Enterprise Mixture and The place to Discover It
In reference to the proposed enterprise mixture, Altitude has filed a preliminary proxy assertion and intends to file a definitive proxy assertion with the Securities and Change Fee (“SEC”). Altitude urges its buyers, shareholders and different individuals to learn, when accessible, the preliminary proxy assertion, any amendments thereto, the definitive proxy assertion, when accessible, in addition to different paperwork filed with the SEC as a result of these paperwork will include necessary details about Altitude, Picard and the enterprise mixture. When accessible, the definitive proxy assertion might be mailed to shareholders of Altitude as of a file date to be established for voting on the proposed enterprise mixture. As soon as accessible, shareholders can even be capable of acquire a replica of the definitive proxy assertion and different paperwork filed with the SEC with out cost, by directing a request to: Altitude Acquisition Corp., 400 Perimeter Heart Terrace, Suite 151, Atlanta Georgia 30346. The preliminary and definitive proxy assertion, as soon as accessible, can be obtained, with out cost, on the SEC’s web site (www.sec.gov)

Members within the Solicitation
Altitude and Picard and their respective administrators and government officers could also be thought of members within the solicitation of proxies with respect to the proposed enterprise mixture described on this press launch underneath the foundations of the SEC. Details about the administrators and government officers of Altitude is ready forth in Altitude’s annual report on Type 10-Ok for the yr ended December 31, 2022 filed with the SEC on March 23, 2023, and is accessible freed from cost on the SEC’s web site at www.sec.gov or by directing a request to: Altitude Acquisition Corp., 400 Perimeter Heart Terrace, Suite 151, Atlanta Georgia 30346. Info concerning the individuals who could, underneath the foundations of the SEC, be deemed members within the solicitation of Altitude stockholders in reference to the proposed enterprise mixture might be set forth within the proxy assertion for the proposed enterprise mixture when it’s filed with the SEC. These paperwork could be obtained freed from cost from the sources indicated above.

Ahead-Trying Statements
Sure statements included on this press launch that aren’t historic details are forward-looking statements for functions of the protected harbor provisions underneath america Personal Securities Litigation Reform Act of 1995. Ahead-looking statements usually are accompanied by phrases resembling “consider,” “could,” “will,” “estimate,” “proceed,” “anticipate,” “intend,” “anticipate,” “ought to,” “would,” “plan,” “predict,” “potential,” “appear,” “search,” “future,” “outlook,” “undertaking,” and related expressions that predict or point out future occasions or developments or that aren’t statements of historic issues. These forward-looking statements embrace, however will not be restricted to, statements concerning estimates and forecasts of monetary and efficiency metrics and projections of market alternative, Altitude’s and Picard’s expectations with respect to future efficiency and anticipated monetary impacts of the proposed enterprise mixture, the satisfaction of the closing circumstances to the proposed enterprise mixture and the timing of the completion of the proposed enterprise mixture. These statements are based mostly on numerous assumptions, whether or not or not recognized on this press launch, and on the present expectations of the respective administration of Altitude and Picard and will not be predictions of precise efficiency. These forward-looking statements are offered for illustrative functions solely and will not be supposed to function, and should not be relied on by an investor as, a assure, an assurance, a prediction or a definitive assertion of reality or likelihood. Precise occasions and circumstances are tough or inconceivable to foretell and can differ from assumptions. Many precise occasions and circumstances are past the management of Altitude and Picard. These forward-looking statements are topic to plenty of dangers and uncertainties, together with adjustments in home enterprise, market, monetary, political, and authorized circumstances; the lack of the events to efficiently or well timed consummate the proposed enterprise mixture, together with the chance that any regulatory approvals will not be obtained, are delayed or are topic to unanticipated circumstances that might adversely have an effect on the mixed firm or the anticipated advantages of the proposed enterprise mixture or that the approval of the stockholders of Altitude or Picard will not be obtained; failure to appreciate the anticipated advantages of the proposed enterprise mixture; dangers referring to the uncertainty of the projected monetary data with respect to Picard; dangers associated to the efficiency of Picard’s enterprise; the event, results and enforcement of legal guidelines and rules; Picard’s skill to handle future progress; Picard’s skill to develop new merchandise and options, convey them to market in a well timed method, and make enhancements to its platform; the results of competitors on Picard’s enterprise; the quantity of redemption requests made by Altitude’s stockholders; the power of Altitude or Picard to acquire financing in reference to the proposed enterprise mixture or sooner or later; the end result of any potential litigation, authorities and regulatory proceedings, investigations and inquiries; and people components mentioned within the preliminary proxy assertion underneath the heading “Threat Components,” and different paperwork Altitude has filed, or will file, with the SEC. If any of those dangers materialize or our assumptions show incorrect, precise outcomes might differ materially from the outcomes implied by these forward-looking statements. There could also be extra dangers that neither Altitude nor Picard presently know, or that Altitude or Picard at the moment consider are immaterial, that might additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements replicate Altitude’s and Picard’s expectations, plans, or forecasts of future occasions and views as of the date of this press launch. Altitude and Picard anticipate that subsequent occasions and developments will trigger Altitude’s and Picard’s assessments to alter. Nonetheless, whereas Altitude and Picard could elect to replace these forward-looking statements in some unspecified time in the future sooner or later, Altitude and Picard particularly disclaim any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing Altitude’s and Picard’s assessments as of any date subsequent to the date of this press launch. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.

No Supply or Solicitation
This press launch will not be a proxy assertion or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed enterprise mixture and shall not represent a suggestion to promote or a solicitation of a suggestion to purchase any securities, nor shall there be any sale of securities in any state or jurisdiction by which such provide, solicitation, or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction. No provide of securities shall be made besides via a prospectus assembly the necessities of the Securities Act.

Contact
Cody Slach or Matthew Hausch
Gateway
ALTU@gatewayir.com
949-574-3860

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