VM HOTEL ACQUISITION CORP. ANNOUNCES SECOND QUARTER 2022 FINANCIAL RESULTS

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISTRIBUTION IN UNITED STATES/

TORONTO, August 4, 2022 /CNW/ – VM Hotel Acquisition Corp. (TSX: VMH.U) (TSX: VMH.WT.U) (“VMH“) publishes its financial results at June 30, 2022 and for the three months ended June 30, 2022. The unaudited interim financial statements of VMH have been filed on the electronic document analysis and retrieval system (“SEDAR“) and can be viewed by shareholders and interested persons under VMH’s profile on SEDAR at www.sedar.com.

VMH announced the July 25, 2022 that he has signed a letter of intent in connection with a potential transaction which, if completed, would be considered his qualifying acquisition. Consequently, the period granted to VMH to conclude a qualifying acquisition was automatically extended to November 30, 2022.

The letter of intent is non-binding and the acquisition is subject to a number of conditions including, among others, the negotiation and signing of a definitive agreement. The Company intends to disclose additional details regarding the acquisition following the signing of a definitive agreement, as appropriate. There can be no assurance that a definitive agreement will be reached or that a Qualifying Acquisition will be completed.

About VM Hotel Acquisition Corp.

VMH is a special purpose acquiring company incorporated under the laws of the Province of British Columbia for the purpose of making a qualifying acquisition within a specified time. VMH’s head office is located at Brookfield Place, 161 Bay Street, Suite 2420, Toronto, ONM5J 2S1 and its head office is located at 1600 – 925 West Georgia Street Vancouver, BC V6C 3L2.

SOURCEVM Hotel Acquisition Corp.

For further information: VM Hotel Acquisition Corp., Ian McAuley, President and CEO, [email protected]

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