XPAC Acquisition (NASDAQ: XPAXU) Announces Resignation of Board Member

XPAC Acquisition (NASDAQ: XPAXU) recently disclosed in an 8-K filing submitted to the Securities and Exchange Commission that Vikas Mittal resigned from his position as a member of the board of directors of Zalatoris II Acquisition Corp. The resignation, effective as of the close of business on October 22, 2024, was formally presented to the board on the same day.

Following Mittal’s departure, XPAC Acquisition intends to appoint an additional member to the board of directors to maintain operational continuity.

The filing also included a statement clarifying that the report does not serve as a proxy statement, nor does it involve any solicitation of proxies, consent, or authorization regarding securities or the company’s initial business combination. It emphasized that the filing does not constitute an offer to sell or solicit the purchase of any securities unless done so via a compliant prospectus meeting the necessary legal requirements.

Furthermore, in compliance with regulations, XPAC Acquisition warned that the information provided is solely for informational purposes related to the company’s initial business combination. The company emphasized that no guarantees or assurances are provided regarding the accuracy or completeness of the information, and parties must conduct their own evaluations and investigations.

XPAC Acquisition’s current forward-looking statements were identified within the filing, discussing potential future events. The company highlighted the significant risks and uncertainties involved, stressing that actual results may differ from the expectations due to various factors beyond their control. While the company retains a right to update these forward-looking statements, it disclaims any obligation to do so unless required.

The filing concluded with the submission of required financial statements and exhibits, complying with regulatory standards.

Investors, shareholders, and other interested parties can access detailed information on the board of directors and company officers in the previous company filings with the SEC. Free copies of these documents are available through the SEC’s electronic database. XPAC Acquisition recommended that readers exercise caution and avoid undue reliance on forward-looking statements provided in the filing.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read XPAC Acquisition’s 8K filing here.

About XPAC Acquisition

XPAC Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses in Brazil. The company was incorporated in 2021 and is based in New York, New York.