Atlantic Avenue Acquisition Corp Announces Cancellation of Special Meeting of Stockholders and Liquidation

STAMFORD, Conn., Oct. 3, 2022 /PRNewswire/ -- October 3, 2022 - Atlantic Avenue Acquisition Corp (the "Company") (NYSE: ASAQ.U, ASAQ, ASAQ WS), announced today that it has canceled its special meeting of stockholders that was previously scheduled for 10:00 AM Eastern time on October 4, 2022, and that, due to its inability to complete an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, the Company intends to dissolve and liquidate, effective as of the close of business on October 6, 2022, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the "Public Shares"), at a per-share redemption price of approximately $10.03.