99 Acquisition Group, Inc. Announces Contribution to Trust Account to Extend Period to Consummate Business Combination

GAITHERSBURG, MD, May 24, 2024 (GLOBE NEWSWIRE) -- 99 Acquisition Group, Inc. (the “Company” or “99 Acquisition”), a special purpose acquisition company, announced that 99 Acquisition Sponsor LLC, the Company’s sponsor, deposited an aggregate of $750,000 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 an initial business combination by three months from May 22, 2024 to August 22, 2024 (the “Extension”). The Extension is the first of up to two three-month extensions permitted under the Company’s governing documents.

As previously announced, the Company entered into a Merger Agreement with Nava Health MD, Inc. (“Nava Health”), dated February 12, 2024, pursuant to which the Company will acquire 100% of the equity securities of Nava Health, with Nava Health becoming a wholly-owned subsidiary of the Company. The Extension will allow the Company additional time to complete the proposed business combination with Nava Health.

About 99 Acquisition

99 Acquisition Group, Inc. (Nasdaq: NNAG) is a blank check company that was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.

About Nava Health

Nava Health is a vertically integrated, tech-enabled healthcare practice combining integrative, functional, preventive, and regenerative medicine. Nava Health’s innovative medical practice uses a data-driven, personalized approach to optimize health and increase longevity. Nava Health provides each client with an individualized wellness roadmap tailored to their specific symptoms, medical needs, and personal goals. All client wellness roadmaps result from a proprietary diagnostic process, the "Nava Method," which utilizes data and specially designed software to create optimal personalized client outcomes. To learn more visit navacenter.com.

Important Information about the Proposed Business Combination and Where to Find It

This press release relates to a proposed transaction between 99 Acquisition and Nava Health. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the proposed business combination, 99 Acquisition has filed a registration statement on Form S-4 containing a proxy statement/prospectus (the "Registration Statement") with the SEC, and 99 Acquisition and Nava Health intend to file other relevant materials with the SEC. The Registration Statement includes a proxy statement/prospectus to be distributed to holders of 99 Acquisition's common stock in connection with 99 Acquisition's solicitation of proxies for the vote by 99 Acquisition's stockholders with respect to the proposed transaction and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of securities to be issued to Nava Health's shareholders in connection with the proposed business combination. After the Registration Statement has been filed and declared effective, 99 Acquisition will mail a definitive proxy statement, when available, to its stockholders.