E.merge Technology Acquisition Corp. Announces Correction in Per Share Redemption Price in Connection With Special Meeting of Stockholders to Vote Upon an Extension of Time Within Which it Must Complete an Initial Business Combination

New York, NY, June 17, 2022 (GLOBE NEWSWIRE) -- E.Merge Technology Acquisition Corp. (NASDAQ:ETAC) (“E.Merge” or the “Company”), a special purpose acquisition company, today announced that the Company anticipates that the per-share price at which public shares of the Company will be redeemed for cash held in the Company’s trust account (the “Trust Account”) will be approximately $10.01 at the time of the special meeting of stockholders to be held on June 28, 2022 (the “Special Meeting”), at which stockholders will consider and vote on a proposal to extend the time the Company has to consummate an initial business combination from August 4, 2022 to November 4, 2022. The Company’s proxy statement dated May 31, 2022 (the “Proxy Statement”) for the Special Meeting had stated that the per-share price at which public shares would be redeemed for cash held in the Trust Account would be approximately $10.03 at the time of the Special Meeting. The Company today also filed a Supplement to the Proxy Statement with the Securities and Exchange Commission (“SEC”) to advise stockholders of the correct redemption price.