Item 7.01 Regulation FD Disclosure.

In Item 7.01 to Form 8-K, dated April 20, 2022, the Company reported that in connection with the vote to approve an amendment to its Amended and Restated Memorandum and Articles of Association to extend the date by which Greencity has to consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses from April 28, 2022 to October 28, 2022 , the holders of 78,050 shares of the Company's ordinary shares properly exercised their right to redeem their shares for cash at a redemption price of approximately $10.39 per share, for an aggregate redemption amount of $810,939.50. As a result, an amount of $41,013,590.50 remains in the trust account.

In a final report from Continental Stock Transfer and Trust Company, the Company's transfer agent and trustee to the trust account, has certified that the final redemption price per share was $10.45 resulting in a total final aggregate redemption amount of $816,101.13 and a net balance in the trust account after payment of the aggregate redemption amount of $41,008,428.63.

In addition, the Company's sponsor made a monthly extension payment of $129,424.35.

The information in this Item 7.01 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.





                               IMPORTANT NOTICES

Greencity's stockholders may obtain a copy of documents filed with the SEC by Greencity, without charge, at the SEC's website located at www.sec.gov.





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Forward-Looking Statements

This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the offering filed with the U.S. Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.


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