NEW YORK, Oct. 14, 2021 /PRNewswire/ -- Motion Acquisition
Corp. ("Motion") (Nasdaq: MOTNU, MOTN, MOTNW), a publicly traded
special purpose acquisition company, today announced that its
registration statement on Form S-4 (the "Registration Statement")
in connection with its previously announced proposed business
combination (the "Business Combination") with Ambulnz, Inc., dba
DocGo ("DocGo" or the "Company"), a leading provider of last-mile
telehealth and integrated medical mobility services, has been
declared effective by the U.S. Securities and Exchange Commission
("SEC"). The Registration Statement provides important information
about Motion, DocGo and the Business Combination.
Motion also announced today that its Annual Meeting of
Stockholders (the "Annual Meeting") to consider and vote upon the
Business Combination and related matters has been set for
November 2, 2021 at 10:00 a.m. EST. Stockholders of record as of
September 9, 2021 (the "Record Date")
are eligible to attend and vote at the Annual Meeting which will be
accessible by visiting
https://www.cstproxy.com/motionacquisition/2021.
The closing of the Business Combination is subject to approval
by Motion's stockholders, and the satisfaction of other customary
closing conditions.
To register and receive access to the hybrid virtual meeting,
registered stockholders and beneficial stockholders (those holding
shares through a stock brokerage account or by a bank or other
holder of record) will need to follow the instructions applicable
to them provided in the proxy statement included in the
Registration Statement.
About DocGo
DocGo is a leading provider of last-mile telehealth and
integrated medical mobility services. DocGo is disrupting the
traditional four-wall healthcare system by providing care at the
scale of humanity. DocGo's innovative technology and dedicated
field staff of certified health professionals elevate the quality
of patient care and drive business efficiencies for facilities,
hospital networks and health insurance providers. With Mobile
Health, DocGo empowers the full promise and potential of telehealth
by facilitating healthcare treatment, in tandem with a remote
physician, in the comfort of a patient's home or workplace.
Together with DocGo's integrated Ambulnz medical transport
services, DocGo is bridging the gap between physical and virtual
care. For more information, please visit www.docgo.com.
About Motion Acquisition Corp.
Motion Acquisition Corp. is a special purpose acquisition
company (SPAC) founded by a management team and board comprised of
seasoned business executives recognized as pioneers in the
transportation software and technology sector that possess
substantial operating and acquisition experience. Motion is listed
on Nasdaq under the ticker symbol "MOTN." For more information,
please visit https://motionacquisition.com/.
Additional Information and Where to Find It
This press release relates to a proposed transaction between
DocGo and Motion. Investors and security holders of Motion are
urged to read the Registration Statement, which includes a final
proxy statement/consent solicitation/prospectus, and any
supplements thereto, and all other relevant documents filed or that
will be filed with the SEC in connection with the proposed Business
Combination as they become available because they will contain
important information about DocGo, Motion, and the proposed
Business Combination. The definitive proxy statement will
be mailed to Motion stockholders as of September 9, 2021. Investors and security holders
will be able to obtain free copies of the Registration Statement,
the proxy statement/consent solicitation/prospectus and all other
relevant documents filed or that will be filed with the SEC by
Motion, once such documents are filed, through the website
maintained by the SEC at www.sec.gov.
The documents filed by Motion with the SEC also may be obtained
free of charge at Motion's website
at https://motionacquisition.com or upon written request to
Motion's counsel, Graubard Miller, 405 Lexington Avenue,
New York, NY 10174. The
information contained on, or that may be accessed through, the
websites referenced in this press release is not incorporated by
reference into, and is not a part of, this press release.
Participants in Solicitation
Motion, DocGo, and certain of their respective directors and
executive officers, under SEC rules, may be deemed to be
participants in the eventual solicitation of proxies from Motion's
stockholders in connection with the proposed transaction. A list of
the names of such directors and executive officers and information
regarding their interests in the proposed business combination will
be contained in the proxy statement/prospectus when available. You
may obtain free copies of these documents as described in the
preceding paragraph.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed transaction. This press release also
shall not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of any
securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of such other jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
Cautionary Statement Regarding Forward-Looking
Statements
This announcement contains forward-looking statements (including
within the meaning of Section 21E of the U.S. Securities Exchange
Act of 1934, as amended, and Section 27A of the U.S. Securities Act
of 1933, as amended) concerning DocGo. These statements include,
but are not limited to, statements that address our expected future
business and financial performance and statements about (i) our
plans, objectives and intentions with respect to future operations,
services and products, (ii) our competitive position and
opportunities, and (iii) other statements identified by words such
as "may", "will", "expect", "intend", "plan", "potential",
"believe", "seek", "could", "estimate", "judgment", "targeting",
"should", "anticipate", "predict" "project", "aim", "goal",
"outlook", "guidance", and similar words, phrases or expressions.
These forward-looking statements are based on management's current
expectations and beliefs, as well as assumptions made by, and
information currently available to, management, and current market
trends and conditions. Forward-looking statements inherently
involve risks and uncertainties, many of which are beyond our
control, and which may cause actual results to differ materially
from those contained in our forward-looking
statements. Accordingly, you should not place undue reliance
on such statements. Particular uncertainties that could materially
affect current or future results include possible accounting
adjustments made in the process of finalizing reported financial
results; any risks associated with global economic conditions and
concerns; the effects of global outbreaks of pandemics or
contagious diseases or fear of such outbreaks, such as the COVID-19
coronavirus pandemic; competitive pressures; pricing declines;
rates of growth in our target markets; our ability to improve gross
margins; cost-containment measures; legislative and regulatory
actions; the impact of legal proceedings and compliance risks; the
impact on our business and reputation in the event of information
technology system failures, network disruptions, cyber-attacks, or
losses or unauthorized access to, or release of, confidential
information; and the ability of the company to comply with
laws and regulations regarding data privacy and protection.
We undertake no intent or obligation to publicly update
or revise any of these forward-looking statements, whether as
a result of new information, future events or otherwise.
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SOURCE DocGo