The initially day of listing and trading on Euronext Amsterdam under the new name
“Azerion Group N.V.” and ticker symbol “AZRN” anticipated to be 2 February 2022
General public disclosure of inside of info in accordance with report 17(1) of the Regulation (EU) No 596/2014 on industry abuse (Marketplace Abuse Regulation)
AMSTERDAM, Feb. 01, 2022 (World NEWSWIRE) — Reference is created to the joint push release issued by European FinTech IPO Enterprise 1 B.V. (“EFIC1”), a unique objective acquisition company (SPAC) mentioned on Euronext Amsterdam (symbol: EFIC1 and EFICW), and Azerion Holding B.V. (“Azerion”), a superior-growth, EBITDA successful, digital leisure and media enterprise, on 13 December 2021 asserting that they have attained a definitive settlement to build a company mix (the “Business Combination”) pursuant to which EFIC1 will receive 100% of the issued and superb share cash of Azerion (the “Business Blend Agreement”).
In link with the Business enterprise Mixture, EFIC1 and Azerion also entered into subscription agreements with specific traders (which include sure sponsors of EFIC1 or sure affiliate marketers of EFIC1’s sponsors), pursuant to which this kind of investors agreed to order and subscribe for common shares in EFIC1 for an aggregate quantity of EUR 23.15 million (the “Subscription Agreements”).
The Organization Mixture Settlement as well as the Membership Agreements consist of sure (waivable) customary completion problems.
EFIC1, Azerion and Azerion’s shareholders have now decided that all ailments less than every single of the Subscription Agreements and the Small business Mixture Agreement have possibly been fulfilled or waived and will proceed with the completion of the sponsors and co-traders placement and the Organization Mix.
The Business enterprise Blend is expected to be finished afterwards now, 1 February 2022, with the remaining structuring methods as approved by EFIC1’s shareholders at the extraordinary meeting of shareholders held on 31 January 2022 (this kind of as the conversion of the lawful kind of EFIC1 into a restricted organization (naamloze vennootschap)) taking area all through the morning of 2 February 2022. The put together entity will additionally be renamed “Azerion Team N.V.” and its ordinary shares and warrants are predicted to commence investing on Euronext Amsterdam on 2 February 2022 less than the ticker symbols “AZRN” and “AZRNW”, respectively.
Push AND Trader Information and facts EFIC1
This push launch is for info purposes only. The information and facts contained in this press release does not purport to be entire or comprehensive and, in unique, does not contain all the facts that should really be regarded as regarding the proposed company mix involving European FinTech IPO Corporation 1 B.V. (“EFIC1”) and Azerion Keeping B.V. (“Azerion”) pursuant to a small business mix arrangement concerning EFIC1, Azerion and Azerion’s shareholders (the “Business Combination”) and is not supposed to form the foundation of any investment selection or any other conclusion in regard of the Business enterprise Mix. No reliance might be put by any person for any function on the facts contained in this press launch or its precision, fairness or completeness.
No reliance may well be placed by any particular person for any intent on the facts contained in this push launch or its precision, fairness or completeness. EFIC1 will not be held liable for any reduction or damages of any nature ensuing from making use of, trusting or acting on facts presented. This push launch does not constitute, and should not be construed as, an give to promote or a solicitation of any offer to purchase the standard shares and/or warrants of EFIC1 and is not a suggestion to have interaction in any investment decision routines.
This press release may incorporate specified forward-wanting statements, which are primarily based on latest expectations and projections with respect to foreseeable future occasions and converse only as of the day hereof (“Forward-hunting Statements”). By their nature, Ahead-looking Statements are matter to recognized and not known hazards, uncertainties, assumptions and other elements due to the fact they relate to activities and depend on conditions that will take place in the long run irrespective of whether or not outdoors the control of EFIC1. Such variables may trigger precise results, general performance or developments to vary materially from individuals expressed or implied by this sort of Forward-wanting Statements. No assurances can be specified that the Forward-hunting Statements will be realised. No representation or warranty is created that any of these Ahead-hunting Statements will appear to go or that any believed consequence will be reached. Accordingly, no undue reliance ought to be positioned on any Forward-searching Statements.