- Perfect’s Shares and Warrants to Trade on the
NYSE under Ticker Symbols “PERF” and “PERF WS,” respectively
Perfect Corp. (“Perfect”), a global leader in providing
augmented reality (“AR”) and artificial intelligence (“AI”)
Software-as-a-Service (“SaaS”) solutions to beauty and fashion
industries, and Provident Acquisition Corp. (Nasdaq: PAQC;
"Provident"), a special purpose acquisition company, today
announced the completion of their previously announced business
combination (the “Business Combination”). The listed company
resulting from the Business Combination will be called Perfect
Corp., and its shares and warrants will commence trading on the New
York Stock Exchange under the ticker symbols “PERF” and “PERF WS,”
respectively, on October 31, 2022.
Alice Chang, Founder and Chief Executive Officer of Perfect,
commented, “We are thrilled to continue Perfect’s evolution, now as
a public company, by reaching this significant milestone.
Leveraging our access to the global capital market, we plan to
extend our industry coverage from beauty and fashion to tangential
sectors, augment our innovative AR and AI SaaS solutions, and
empower more enterprises around the world to deliver transformative
virtual product try-on experiences to consumers.”
Michael Aw, Chief Executive Officer of Provident, commented,
“Provident is proud to partner with a company whose unparalleled
leadership and vision have driven it to the forefront of today’s
beauty and fashion industries. With its innovative AI and AR
solutions and strong partnerships with the world’s leading beauty
groups, we believe that Perfect is well positioned to continue
growing its business and deliver sustainable shareholder returns.
We are excited for the opportunities that lie ahead, and we look
forward to working with Perfect in the future as a newly-public
company.”
Advisors
Sullivan & Cromwell LLP served as legal counsel to Perfect.
Davis Polk & Wardwell LLP served as the legal counsel to
Provident.
About Perfect Corp.
Founded in 2015, Perfect is a global leader in providing AR and
AI SaaS solutions to beauty and fashion industries. Utilizing
facial 3D modeling, and AI deep learning technologies, Perfect
empowers beauty brands with product try-on, facial diagnostics, and
digital consultation solutions to provide consumers with an
enjoyable, personalized, and convenient omnichannel shopping
experience. Today, Perfect has a leading market share in helping
the world’s top beauty brands execute digital transformation,
improve customer engagement, increase purchase conversion, and
drive sales growth while maintaining environmental sustainability
and fulfilling social responsibilities. For more information, visit
https://www.perfectcorp.com/business.
About Provident Acquisition Corp.
Affiliated with Provident Capital, Provident is a special
purpose acquisition company formed for the purpose of entering into
a combination with one or more businesses. Provident’s sponsor team
combines over 85 years of experience in investment, technology, and
beauty industries to bring an innovative global technology leader
to the public capital market. Led by Winato Kartono as the
Executive Chairman, Michael Aw as the CEO and CFO, and Andre
Hoffmann as the President, Provident seeks to complete business
combinations with companies headquartered in Asia but with global
footprints, proven technologies, and leading market share. To learn
more, visit http://www.paqc.co.
Forward-Looking Statements
This communication contains forward-looking statements within
the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, or the Securities Act, and Section 21E of the U.S.
Securities Exchange Act of 1934, as amended, or the Exchange Act,
that are based on beliefs and assumptions and on information
currently available to Perfect and Provident. In some cases, you
can identify forward-looking statements by the following words:
“may,” “will,” “could,” “would,” “should,” “expect,” “intend,”
“plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,”
“potential,” “continue,” “ongoing,” “target,” “seek” or the
negative or plural of these words, or other similar expressions
that are predictions or indicate future events or prospects,
although not all forward-looking statements contain these words.
Any statements that refer to expectations, projections or other
characterizations of future events or circumstances, including
projections of market opportunity, number of customers or user and
market share, the capability of Perfect’s technology, Perfect’s
business plans including its plans to expand globally, the sources
and uses of cash from the Business Combination, the anticipated
enterprise value of the combined company following the consummation
of the Business Combination, any benefits of Perfect’s
partnerships, strategies or plans as they relate to the Business
Combination, anticipated benefits of the Business Combination and
expectations related to the terms and timing of the Business
Combination are also forward-looking statements. These statements
involve risks, uncertainties and other factors that may cause
actual results, levels of activity, performance or achievements to
be materially different from those expressed or implied by these
forward-looking statements. These statements are based on Perfect’s
and Provident’s reasonable expectations and beliefs concerning
future events and involve risks and uncertainties that may cause
actual results to differ materially from current expectations.
These factors are difficult to predict accurately and may be beyond
Perfect’s and Provident’s control. Forward-looking statements in
this communication or elsewhere speak only as of the date made. New
uncertainties and risks arise from time to time, and it is
impossible for Perfect or Provident to predict these events or how
they may affect Perfect or Provident. In addition, there are risks
and uncertainties described in the definitive proxy
statement/prospectus relating to the Business Combination, which
was initially filed with the Securities and Exchange Commission
(the “SEC”) on September 30, 2022, and as amended or supplemented
from time to time, and other documents filed by Perfect or
Provident from time to time with the SEC. These filings may
identify and address other important risks and uncertainties that
could cause actual events and results to differ materially from
those contained in the forward-looking statements. Neither Perfect
nor Provident can assure you that the forward-looking statements in
this communication will prove to be accurate. These forward-looking
statements are subject to a number of risks and uncertainties,
including, but not limited to: the outcome of any legal proceedings
that have been or may be instituted against Perfect or Provident,
the combined company or others following the announcement of the
completion of the Business Combination; the risk that the Business
Combination disrupts current plans and operations of Perfect or
Provident as a result of the consummation of the Business
Combination; the ability to recognize the anticipated benefits of
the Business Combination, which may be affected by, among other
things, competition, the ability of the combined company to grow
and manage growth profitably, maintain relationships with brands,
customers and retain its management and key employees; costs
related to the Business Combination; changes in applicable laws or
regulations; Perfect’s estimates of expenses and profitability and
underlying assumptions with respect to certain adjustments;
unforeseen developments in the relatively new and rapidly evolving
markets in which Perfect operates, competition in the markets in
which Perfect operates or plans to operate, including with
competitors who have significantly more resources; ability to
retain and expand sales to existing brand customers and individual
app users or attract new brand customers and new app users, or if
users decrease their level of engagement with our brand customers
or Perfect’s apps; ability to monetize Perfect’s apps to generate
sustainable revenue; ability to make continued investments in
Perfects AI and AR-powered technologies; the need to attract, train
and retain highly-skilled technical workforce; reliance on certain
platforms for payment processing; user misconduct or misuse of
Perfect’s apps; security breaches of improper access to data or
user data; reliance on a limited number of cloud storage service
providers; reliance on third-party proprietary or open-source
software; the impact of the ongoing COVID-19 pandemic; reliance on
a limited number of brand partners for a significant portion of
Perfect’s revenue; use of a dual-class structure by the combined
company; interests of certain Perfect shareholders possibly being
different from those of investors in the combined company; internal
control over financial reporting and ability to remediate any
significant deficiencies or material weaknesses; changes in laws
and regulations related to privacy, cybersecurity and data
protection; ability to enforce, protect and maintain intellectual
property rights; geopolitical, regulatory and other risks
associated with Perfect’s operations in the Republic of China and
the People’s Republic of China; and other risks and uncertainties
set forth in the section entitled “Risk Factors” in the definitive
proxy statement/prospectus, as amended or supplemented, filed by
Provident with the SEC and those included under the heading of
“Risk Factors” in its annual report on Form 10-K for year ended
December 31, 2021 and in its subsequent quarterly reports on Form
10-Q and other filings with the SEC. There may be additional risks
that neither Perfect nor Provident presently knows or that Perfect
and Provident currently believe are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In light of the significant
uncertainties in these forward-looking statements, you should not
regard these statements as a representation or warranty by Perfect,
Provident, their respective directors, officers or employees or any
other person that Perfect and Provident will achieve their
objectives and plans in any specified time frame, or at all. Except
as required by applicable law, neither Perfect nor Provident has
any duty to, and does not intend to, update or revise the
forward-looking statements in this communication or elsewhere after
the date of this communication. You should, therefore, not rely on
these forward-looking statements as representing the views of
Perfect or Provident as of any date subsequent to the date of this
communication.
Additional Information and Where to Find It
In connection with the Business Combination, Perfect has filed
relevant materials with the SEC, including the definitive proxy
statement/prospectus relating to the Business Combination, which
was initially filed with the SEC on September 30, 2022, and as
amended or supplemented from time to time, and will file other
documents regarding the Business Combination with the SEC.
Provident's shareholders and other interested persons are advised
to read the definitive proxy statement/prospectus, as amended or
supplemented, and documents incorporated by reference therein filed
in connection with the Business Combination, as these materials
contain important information about Perfect, Provident and the
Business Combination. The documents filed by Provident and Perfect
with the SEC may be obtained free of charge at the SEC's website at
www.sec.gov.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221028005371/en/
Investor Relations Robin Yang, Partner ICR, LLC Email:
Investor_Relations@PerfectCorp.com Phone: +1 (646) 880 9057 Public
Relations Brad Burgess, SVP ICR, LLC Email: press@PerfectCorp.com
Phone: +1 (646) 308 1649
Provident Acquisition (NASDAQ:PAQC)
過去 株価チャート
から 5 2024 まで 6 2024
Provident Acquisition (NASDAQ:PAQC)
過去 株価チャート
から 6 2023 まで 6 2024