Highlights:

• Integral Acquisition Corporation 1 INTE (the “Company”) intends to extend the period it will have to complete its original business combination by up to 6 months from the current deadline of May 5, 2023 to November 3, 2023 (the “Extension “).
• For each month of renewal, Integral Sponsor LLC, the Company’s sponsor (the “Sponsor”) or their designees will deposit additional funds into the escrow account (the “Escrow Account”) established in connection with the Company’s IPO (the “IPO ’) of (i) $0.035 per unredeemed public share and (ii) $105,000, whichever is less, up to a maximum aggregate contribution of $630,000 for the full 6-month extension
• To mitigate the risk of being deemed to operate an unregistered investment company, on or before the 24 month anniversary of the effective date of the registration statement relating to the IPO, the Company may direct the trustee to liquidate the investments in the trust account and hold all Funds held in escrow in an interest-bearing bank deposit account currently expected to yield interest of around 3.5% per annum
  

NEW YORK, April 19, 2023 (GLOBE NEWSWIRE) — Integral Acquisition Corporation 1 (“Integral 1”), a blank check corporation incorporated in Delaware, announced that it has filed with the US Securities and Exchange Commission (the “SEC”) to Obtain shareholder approval to, among other things, (1) extend the period that the Company must have to consummate its initial business combination by up to 6 months from the current deadline of May 5, 2023 to November 3, 2023 For each month of renewal, Sponsor or its designees will deposit additional funds into the escrow account established in connection with the Company’s IPO, in the lesser of (i) $0.035 per unredeemed public share and (ii) $105,000, up to a maximum total contribution of $630,000 for the entire…