Mira X Acquisition Corp. Announces Termination of Proposed Qualifying Transaction with Field Trip Psychedelics Inc.

TORONTO, June 18, 2020 /CNW/ - Mira X Acquisition Corp. ("Mira X") (TSXV: MIRA.P) announces that after determining that the regulatory requirements to complete the transaction, as structured, may not be completed on a timely basis,  Mira X and Field Trip Psychedelics Inc. ("Field Trip") have mutually agreed to terminate the previously announced letter of intent dated June 15, 2020. As a result, Mira X's proposed qualifying transaction with Field Trip will not proceed.

Field Trip has advised Mira X that it intends to pursue an alternative listing transaction. 

Mira X will continue to search for prospective opportunities to complete its qualifying transaction and maximize value for shareholders.

Notice on forward-looking statements:

This press release includes forward-looking information within the meaning of Canadian securities laws regarding Mira X. Often but not always, forward-looking information can be identified by the use of words such as "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would" or "will" be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of  management, and are based on assumptions and subject to risks and uncertainties. Although management believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this press release, may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, including risks regarding the industry, market conditions, economic factors and the equity markets generally. Although Mira X has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Mira X does not  undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Mira X is a capital pool company governed by the policies of the TSXV. The principal business of Mira X is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Mira X Acquisition Corp.

Mira X Acquisition Corp., Aaron Wolfe, [phone]