NEW YORK and GURGAON, India, Nov. 2, 2016 /PRNewswire/ -- Terrapin 3 Acquisition Corporation (NASDAQ: TRTL; TRTLW; TRTLU) ("TRTL") announced today that its stockholders of record as of the close of business on November 14, 2016 (the "Record Date") will be invited to attend a special meeting of stockholders (the "Special Meeting") to consider and vote upon a proposal to approve its previously announced business combination with Yatra Online, Inc. ("Yatra"). The date, time and location of the Special Meeting will be set and announced in the coming weeks. Only stockholders of record on the Record Date will be entitled to notice of, and to vote at, the Special Meeting as well as any adjournments or postponements thereof. In addition, only TRTL stockholders of record as of the Record Date will be entitled to elect to redeem their common shares for $10.00 per share in lieu of exchanging their shares for ordinary shares of Yatra in the business combination. The full Special Meeting agenda will be included in TRTL's definitive proxy statement, which will be mailed to all stockholders of record as of the Record Date. In connection with the proposed business combination, Yatra filed an amendment to its Registration Statement on Form F-4 with the SEC today containing the preliminary proxy statement/prospectus that, once finalized, will serve as both the proxy statement to be distributed to TRTL's stockholders in connection with their vote on the business combination and the prospectus covering the registration of ordinary shares issued by Yatra in connection with the business combination. The preliminary proxy statement/prospectus and updated investor presentation can be found on the SEC's EDGAR website where filings relating to Yatra are published. About Yatra Founded in 2006 by venture capital firms and experienced travel industry and technology executives, Yatra is a leading online travel agent and consolidator of travel products based in Gurgaon, India. Yatra has emerged as the most trusted eCommerce travel brand in India as ranked by The Economic Times, Brand Equity's Most Trusted Brand Survey 2015, and has won three awards at the Indian government's Ministry of Tourism National Tourism Awards - 'Outstanding performance as a Domestic Tour Operator (Rest of India)', Outstanding performance as a Domestic Tour Operator in Jammu and Kashmir' and 'Outstanding performance as an Inbound Tour Operator-Category C'. About Terrapin 3 Acquisition Corporation TRTL is a special purpose acquisition company formed for the purpose of effecting a merger, acquisition, or similar business combination, which raised $212.75 million in July 2014 for the purpose of combining with a public or privately-held operating business. TRTL was founded by Nathan Leight and was co-sponsored by affiliates of Terrapin Partners, LLC and affiliates of Macquarie Group Limited. TRTL is Mr. Leight's and the Terrapin team's third publicly traded acquisition vehicle. The first, Aldabra Acquisition Corporation, became Great Lakes Dredge and Dock Corporation in 2006 in a transaction of approximately $414 million. The second, Aldabra 2 Acquisition Corp., became Boise Inc. in 2008 in a transaction of approximately $1.6 billion and traded on the New York Stock Exchange until it was acquired by Packaging Corporation of America. About Macquarie and Macquarie Capital Macquarie Group ("Macquarie") is a global provider of banking, financial, advisory, investment and funds management services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 14,000 people and has assets under management of over $367.4 billion (as of March 31, 2016). Macquarie Capital comprises Macquarie Group's corporate advisory, capital markets and principal investing capabilities. Macquarie Capital's expertise spans a variety of industry sectors, including telecommunications, media, entertainment, gaming, financial institutions, industrials, energy, resources, real estate, infrastructure, utilities and renewables.