Item 8.01. Other Events.
On January 5, 2023, Avalon Acquisition Inc., a Delaware corporation (the
"Company"), issued a press release announcing that The Beneficient Company
Group, L.P. deposited an aggregate of $2,070,000 into the Company's trust
account for the Company's public stockholders, representing $0.10 per public
share, which enables the Company to extend the period of time it has to
consummate its initial business combination by three months from January 8, 2023
to April 8, 2023 (the "Extension"). The Extension is the first of up to two
three-month extensions permitted under the Company's governing documents.
A copy of the press release is attached hereto as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release dated January 5, 2023.
104 Cover Page Interactive Data File (Embedded within the Inline XBRL
document and included in Exhibit).
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