Americas Engineering Acquisition Corp. Announces Termination of Organization Combination Arrangement with Rally Communitas Corp. by Mutual Settlement

AMERICAS Engineering ACQUISITION CORP.Dallas, TX, Dec. 09, 2022 (Globe NEWSWIRE) — Americas Engineering Acquisition Corp. (NYSE: ATA, ATA.WS, ATA.U) (“ATA”), introduced right now that ATA and Rally Communitas Corp (“Rally”) have mutually agreed to terminate the previously announced Arrangement and Plan of Merger (as amended, the “Merger Agreement”) involving ATA and Rally.Termination of the Merger Settlement has been accepted by the Board of Directors of each ATA and Rally.About Americas Technological know-how Acquisition Corp.Americas Technological know-how Acquisition Corp. is a blank examine firm organized for the objective of effecting a merger, funds stock exchange, asset acquisition, or other identical business mixture with a single or far more corporations or entities with an preliminary aim on know-how, media, and telecommunications verticals.About RallyRally is a Mass Mobility as a Company enterprise that has mobilized thousands and thousands of riders with innovations created to meet up with the requirements of surge demand and middle mile vacation issues.Rally’s leading products is the bus rideshare which aggregates men and women likely to significant situations, developing bus outings on-desire. Their algorithms quickly route together crowdsourced bus stops to build successful routes. On top of that, Rally’s “OurBus” product or service disrupts routinely scheduled intercity bus journey by making use of details science to build optimized intercity routes and automating the enterprise of buses.Cautionary Take note About Ahead-Hunting StatementsThis press release may possibly incorporate, and oral statements designed from time to time by representatives of the Company may perhaps incorporate, “forward-on the lookout statements” inside the which means of Area 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Exchange Act of 1934, as amended. Statements relating to attainable business combinations and the financing thereof, and connected issues, as well as all other statements other than statements of historic point incorporated in this push release are ahead-wanting statements. When utilized in this press launch, text this sort of as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and very similar expressions, as they relate to us or our management crew, discover forward-on the lookout statements. These kinds of forward-looking statements are primarily based on the beliefs of management, as very well as assumptions manufactured by, and data at this time out there to, the Company’s management. Actual benefits could vary materially from those people contemplated by the forward-seeking statements as a final result of specific variables specific in the Company’s filings with the Securities and Trade Commission (“SEC”). All subsequent created or oral ahead-hunting statements attributable to us or folks performing on our behalf are skilled in their entirety by this paragraph. Ahead-wanting statements are issue to quite a few ailments, numerous of which are beyond the control of the Enterprise, which includes individuals set forth in the Risk Things section of the Company’s registration assertion and prospectus for the Company’s initial general public providing filed with the SEC. The Business undertakes no obligation to update these statements for revisions or modifications after the day of this release, except as demanded by legislation.Story continuesContactJorge MarcosChief Government OfficerAmericas Technologies Acquisition Corp.(214) 396-5927

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