Atlantic Coastal Acquisition Corp. Announces Second Monthly Extension of Business Combination Period and Additional Contribution to Trust Account

NEW YORK, July 7, 2023 /PRNewswire/ -- Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) (the "Company"), a special purpose acquisition corporation, announced that Atlantic Coastal Acquisition Management LLC, the Company's initial public offering sponsor (the "Sponsor"), has deposited $80,000 into the Company's trust account (the "Trust Account) in order to extend the period of time that the Company has to complete a business combination for an additional one (1) month period, from July 8, 2023 to August 8, 2023. The Company had previously extended the period of time it had to complete a business combination from June 8, 2023 to July 8, 2023. In exchange for the Sponsor's additional contribution to the Trust Account, the Company issued a convertible promissory note to the Sponsor in an aggregate principal amount of $80,000. The purpose of the extension is to provide additional time for the Company to complete a business combination.

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