Altitude Acquisition extends deadline to complete business combination

Altitude Acquisition announced that its board of directors, upon request by Altitude’s sponsor, Altitude Acquisition Holdco has extended the date by which Altitude must consummate an initial business combination for an additional month, from July 11, 2023 to August 11, 2023. Altitude’s Amended and Restated Certificate of Incorporation, as amended, gives the Board the right to extend the Deadline Date, without further stockholder vote, up to eight times for an additional one month each time, from April 11, 2023 to up to December 11, 2023. On June 30, 2023, pursuant to the Charter and upon request from the Sponsor, the Board determined to implement a fourth Extension. As previously announced, on April 23, 2023, Altitude entered into a business combination agreement with Picard Medical and the other parties thereto, which provides for a business combination between Altitude and Picard. The purpose of this monthly Extension is to provide Altitude with additional time to consummate the proposed business combination with Picard.