Alberton Acquisition Corporation (NasdaqCM:ALAC) signed a non-binding letter of intent to acquire Global Nature Investment Holdings Limited from CITIC Capital Holdings Limited, Investment Arm on September 13, 2019. In connection with the transaction, Alberton Acquisition Corporation issued an unsecured promissory note in the aggregate principal amount of $1.15 million to Global Nature Investment Holdings Limited. The note is payable on the date on which Alberton Acquisition Corporation consummates its initial business combination with Global Nature Investment Holdings Limited or another qualified target company. In the event that Global Nature Investment Holdings Limited notifies Alberton Acquisition Corporation that it does not wish to proceed with the transaction, Alberton Acquisition Corporation shall be obligated to repay the note as per specified terms, depending upon the timing of the withdrawal request. As on October 18, 2019, Alberton Acquisition Corporation deposited an extension fund of $1.1 million into its trust account and as on October 22, 2019, the transaction completion date is extended for three months from October 25, 2019 to January 24, 2020. As on January 23, 2020, Alberton Acquisition Corporation deposited an extension fund of $1.1 million into its trust account and as on January 23, 2020, the transaction completion date is extended to April 27, 2020. Alberton Acquisition Corporation (NasdaqCM:ALAC) cancelled the acquisition of Global Nature Investment Holdings Limited from CITIC Capital Holdings Limited, Investment Arm on March 12, 2020.