Integral Acquisition Co. 1 Extends Business Combination Deadline and Pays Excise Tax

On October 23, 2024, Integral Acquisition Corporation 1, a Delaware corporation, announced the extension of the deadline for completing its proposed business combination with Flybondi Limited. The extension, now set for March 2025, was detailed in a press release. Integral 1 also disclosed the payment of a $1.1 million excise tax, as outlined in the Business Combination Agreement with Flybondi Holdings plc and other related parties. Additionally, a special meeting of stockholders is scheduled for October 28, 2024, where Integral 1 will seek approval to further extend its initial business combination deadline from November 5, 2024, to November 5, 2025.

The proposed Business Combination involves Integral 1 and Flybondi becoming subsidiaries of FB Parent, the anticipated public entity. Stockholders are set to vote on the Business Combination, with FB Parent planning to file a registration statement on Form F-4, including a proxy statement/prospectus for distribution. Interested parties are advised to review these documents once available for crucial information about the merger and accompanying securities offerings.

Integral 1, Flybondi, FB Parent, and respective executives may engage in the solicitation of proxies from stockholders. Extra details on participants and their roles can be found in Integral 1’s SEC filings. Forward-looking statements were included, noting foreseeable events or trends. The report cautioned that actual results could vary due to potential risks and uncertainties, some beyond the companies’ control.

The report emphasized that it doesn’t act as a solicitation for votes or a securities offer and highlighted the importance of a prospectus meeting Securities Act requirements. Integral 1, through its Chief Executive Officer Enrique Klix, signed the document on October 24, 2024. The press release, dated October 23, 2024, along with other required exhibits, were presented in compliance with the Securities Exchange Act of 1934.

This article represents an unbiased overview of Integral Acquisition Co. 1’s recent financial developments and forthcoming business activities as detailed in their 8-K SEC Filing. Investors and shareholders are encouraged to stay informed about the ongoing Business Combination and relevant updates through official filings and communications from the company.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Integral Acquisition Co. 1’s 8K filing here.

About Integral Acquisition Co. 1

Integral Acquisition Corporation 1 does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology-oriented company in Australia and New Zealand.