Kingswood Acquisition Corp. announces adjournment of its special meeting of shareholders to approve additional time to complete its initial business combination

The Company recommends that all of its shareholders vote FOR the extension at the next special meeting.

NEW YORK, November 17, 2022 /PRNewswire/ — Kingswood Acquisition Corp. (“we“, “we“, “our“, or the “Company“) today announced the adjournment of its extraordinary meeting of shareholders (the “Special meeting“) of November 18, 2022at 4:00 p.m. Eastern Time on November 23, 2022. The extraordinary meeting, initially scheduled for November 18, 2022is adjourned in order to seek further votes in favor of approval to further amend the company’s Amended and Restated Certificate of Incorporation (“Extension rider“) to extend the time available to effect a business combination, up to May 24, 2023. The extension rider would effectively provide for an additional six months to complete a first business combination. The Company expects to continue to solicit proxies for the special meeting until November 23, 2022.

The record date for the meeting of shareholders to vote on the Extension Amendment remains the close of business on October 11, 2022 (there “Registration Date“). Shareholders who have already submitted their proxy or otherwise voted and who do not wish to change their vote do not need to take any action. Shareholders on the record date may vote, even if they then sold their shares.As part of the deferment date, the Company further extended the deadline for holders of the Company’s Class A common stock issued under the initial public offering of the Company to submit their shares for redemption under the Extension Amendment to 5:00 p.m. Eastern Time on November 21, 2022. Shareholders who wish to withdraw their previously submitted redemption request may do so prior to the adjourned meeting by instructing the transfer agent to return such shares.

About Kingswood Acquisition Corp.

We are a blank check corporation incorporated under the laws of State of Delaware on July 27, 2020, for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses, which we call any throughout this proxy statement our initial business combination. While we may pursue our initial business combination target at any stage of its corporate evolution or in any industry or sector, we focus our research on companies with favorable growth prospects and attractive returns on invested capital.

Additional information and where to find it

The definitive proxy statement has been mailed to shareholders of the Company. INVESTORS AND SECURITYHOLDERS ARE ADVISED TO READ THE DEFINITIVE MANAGEMENT STATEMENT AND OTHER RELEVANT DOCUMENTS AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC at the SEC’s website at www.sec.gov. In addition, documents filed by the Company with the SEC may be obtained free of charge by contacting the Company at Michael Nessim, Managing Director, Kingswood Acquisition Corp., email: [email protected](212) 404-7002.

Participants in the solicitation

The Company and its sponsor, officers and directors may be considered participants in the solicitation of proxies from shareholders of the Company. Information about the sponsor, officers and directors of the company and their ownership of common stock of the company is set forth in the proxy statement for the special meeting of shareholders of the company, which has been filed with of the SEC on October 25, 2022and in the company’s annual report on Form 10-K for the fiscal year ended December 31, 2021which was filed with the SEC on March 31, 2022. Investors and security holders may obtain more detailed information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the transaction by reading the preliminary and definitive proxy statements relating to the transaction, which will be filed by the Company with the SEC.

Non-solicitation

This current report on Form 8-K is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any security or with respect to the Proposed Extension Amendment does not constitute a offer to sell or a solicitation of an offer to buy the securities of the Company, and there will be no sale of such 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 such state or jurisdiction. No offer of securities will be made except by means of a prospectus satisfying the requirements of Section 10 of the Securities Act of 1933, as amended.

Media Contacts
Joseph Kuo or Donald Cutler
Haven Tower Group
424 317 4851 or 424 317 4861
[email protected] Where [email protected]

SOURCEKingswood Acquisition Corp.

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