- MMV Ordinary Shares and Warrants to Trade on Nasdaq under
Ticker Symbols "MMV" and "MMVWW", respectively
NEW
YORK, Jan. 4, 2023 /PRNewswire/ --
MultiMetaVerse Inc., an animation and entertainment company devoted
to establishing an open community for its global users and to
providing high-quality and immersive entertainment experiences, and
Model Performance Acquisition Corp. (Nasdaq: MPAC; "MPAC"), a
special purpose acquisition company, announced the completion of
their business combination (the "Business Combination"). The listed
company resulting from the Business Combination will be
MultiMetaVerse Holdings Limited ("MMV"). On January 5, 2023, MMV's shares will commence
trading on the Nasdaq Global Market under the ticker symbol "MMV,"
and MMV's warrants will commence trading on the Nasdaq Capital
Market under the ticker symbol "MMVWW."
Yiran Xu, Chairman and Chief
Executive Officer of MMV, stated that "[a]s we achieve a major
milestone today, we will continue to develop new stories,
animations, video games etc. to cater to the needs of our users,
and to expand our business into new markets. By listing on the
Nasdaq, we are closer to realize our ambition to become a vigorous
international digital entertainment provider in the new era."
Claudius Tsang, Chief Executive
Officer of MPAC, commented, "[t]he Model Performance team is
honoured to be part of this landmark occasion for MultiMetaVerse.
We are excited for what lies ahead for the company."
Advisors
Paul Hastings LLP served as legal counsel to MMV. Loeb &
Loeb LLP served as the legal counsel to MPAC.
About MMV
MMV is an animation and entertainment company devoted to
establish an open community for its global users comprised of
animation viewers, game players, and content creators and to
provide high-quality and immersive entertainment experience by way
of original contents, user-generated contents, and professional
user-generated contents. In 2015, MMV commenced animation
production under its signature Aotu World brand. This animation
series has an inspiring story, unique graphic style and has gained
a following, particularly among the younger audience, in
China. By leveraging its
established user base as a foundation for further development and
genre diversification, MMV has produced additional animated content
based on the Aotu World brand and added to its portfolio with new
brands, stories and characters. MMV also expanded its content
offerings in the forms of comic books, short videos, collectibles,
stationery, consumer products, mobile games and other genres.
About MPAC
MPAC is a blank check company formed for the purpose of
effecting a merger, share exchange, asset acquisition, share
purchase, recapitalization, reorganization or similar business
combination with one or more businesses or entities.
Forward Looking Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events or MMV's future financial or operating performance. In some
cases, you can identify forward looking statements because they
contain words such as "may," "will," "should," "expects," "plans,"
"anticipates," "going to," "could," "intends," "target,"
"projects," "contemplates," "believes," "estimates," "predicts,"
"potential" or "continue" or the negative of these words or other
similar terms or expressions that concern MMV's expectations,
strategy, priorities, plans or intentions. By their very nature,
forward-looking statements involve inherent risks and
uncertainties, both general and specific, and there are risks that
the predictions, forecasts, projections and other forward-looking
statements will not be achieved. You should understand that a
number of factors could cause actual results to differ materially
from the plans, objectives, expectations, estimates and intentions
expressed in such forward-looking statements, including the risks
set forth under "Risk Factors" in our Registration Statement on
Form F-4 and our other SEC filings. MMV cautions readers not to
place undue reliance upon any forward-looking statements, which
speak only as of the date made. MMV does not undertake or accept
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in its expectations or any change in events, conditions or
circumstances on which any such statement is based.
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SOURCE Model Performance Acquisition Corp.