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January 2019 January 16, 2019

Pensare Acquisition Corp. Announces Contribution to Trust Account

NEW YORK, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Pensare Acquisition Corp. (NASDAQ:WRLS) (the “Company” or “Pensare”) previously announced that it will hold a special meeting in lieu of the 2019 annual meeting of stockholders (the “Special Meeting”) on January 28, 2019 at 11:00 a.m., local time, at the offices of Greenberg Traurig, LLP, located at the MetLife Building, 200 Park Avenue, New York, New York 10166 to vote on (i) a proposal to amend (the “Charter Amendment”) the Company’s amended and restated certificate of incorporation to extend the date by which the Company has to consummate a business combination (the “Extension”) for an additional three months, from February 1, 2019 to May 1, 2019 (the “Extended Date”); (ii) a proposal to re-elect (the “Director Proposal”) four directors to the Company’s board of directors, with each such director to serve until the second annual meeting of stockholders following the Special Meeting or until his successor is elected and qualified; and (iii) a proposal to ratify the selection by the Company’s Audit Committee of Marcum LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2019 (the “Auditor Proposal”).

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