Gardiner Healthcare Acquisitions Corp. Announces Intent to Extend

SHAKER HEIGHTS, Ohio, May 24, 2023 /PRNewswire/ -- Gardiner Healthcare Acquisitions Corp. (the "Company") announced today that it intends to deposit into the Company's trust account the amount of $100,000 in order to extend the period of time the Company has to consummate its initial business combination by an additional one month, from the current deadline of May 27, 2023 to June 27, 2023 (the "Extension"). In connection with the Extension, the Company intends to deposit the additional funds into the trust account on or before the current deadline of May 27, 2023. None of our insiders, including our officers, directors or stockholders, is required to provide any financing to us in connection with the intended deposit of the required funds into the trust account in relation to the Extension or otherwise in relation to any prospective initial business combination. If we do not fund the Extension, we will: (i) cease all operations except for the purpose of winding up; (ii) redeem 100% of the public shares; and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining stockholders and our Board of Directors, dissolve and liquidate, subject in each case to our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on the healthcare or healthcare related industries. The Company is sponsored by the Gardiner Sponsor, Chardan Gardiner LLC, and CCMAUS Pty Ltd.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended ("Securities Act"). This announcement is being issued in accordance with Rule 135 under the Securities Act.

Contact: Marc F. Pelletier, PhD
ir@gardinerhealthcare.com

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SOURCE Gardiner Healthcare Acquisitions Corp.