Model Performance Acquisition Corp. Announces Extension of Combination Period and Second Amendment to the Merger Agreement

NEW YORK, Sept. 30, 2022 /PRNewswire/ -- Model Performance Acquisition Corp. (NASDAQ: MPAC, the "Company"), a special purpose acquisition company, announced today that at its extraordinary general meeting of shareholders on September 28, 2022 (the "Meeting"), the Company's shareholders voted in favor of the proposal to amend its memorandum and articles of association, giving the Company the right to extend the date by which the Company has to complete a business combination (the "Combination Period") up to two (2) times for an additional three (3) months each time, from October 12, 2022 to April 12, 2023. In connection with the Meeting, 3,508,994 Class A ordinary shares were tendered for redemption.  On September 29, 2022, the Company made a deposit of $244,100.60 to the trust account and extended the Combination Period from October 12, 2022 to January 12, 2023. Following such redemptions and the deposit, the amount of funds remaining in the trust account is approximately $23.4 million.

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