Barington/Hilco Acquisition funds 30-day extension of business combination date
Barington/Hilco Acquisition has funded an additional 30-day extension of the date by which it must complete a business combination. The company has deposited $84,546.73 into its trust account to fund the extension through June 11. The full six-month extension allows the company until August 11, 2017 to complete a business combination. On May 12, the company entered into a merger agreement with Oomba, a specialized social media and software development company. In connection with the signing of the merger agreement, Oomba entered into an asset purchase agreement with GameWorks Entertainment, an entertainment and gaming venue. Upon the closing of the transactions contemplated by the merger agreement, the combined company will operate as Oomba GameWorks.