Attached files
file | filename |
---|---|
8-K - 8-K - Tiga Acquisition Corp. | brhc10025097_8k.htm |
Exhibit 99.1
Deposit Receipt Announcement
Tiga Acquisition Corp. Announces Receipt of Deposit Proceeds from Private Placement Warrants
FOR IMMEDIATE RELEASE
SINGAPORE, May 27, 2021 — Tiga Acquisition Corp. (the “Company”), announced today that on May 27, 2021 it issued and sold to Tiga Sponsor LLC 2,760,000 private placement warrants at $1.00 per warrant for an aggregate
purchase price of US$2,760,000 (the “Proceeds”), and that such Proceeds were placed on deposit in the Company’s Trust Account on May 20, 2021. Each warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per
share.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed purchase by the Sponsor of additional private placement warrants and the anticipated deposit
of the proceeds of such purchase in the Company’s Trust Account. No assurance can be given that the transactions discussed above will be completed on the terms described, or at all, or that the proceeds of the purchase of private placement warrants
will be deposited as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company.
Investor Contact:
Diana Luo, Tiga Acquisition Corp.
CFO@tigaacquisitioncorp.com