CBRE Acquisition Holdings, Inc. (NYSE: CBAH) (“CBAH”), a
publicly-traded special purpose acquisition company, reminds its
stockholders to vote in favor of the previously announced business
combination (the “Business Combination”) with Altus Power, Inc.
(“Altus Power”), a market-leading clean electrification
company.
Stockholders who owned common stock of CBAH as of the close of
business on October 27, 2021 (the “Record Date”), may vote their
shares. Stockholders as of the Record Date continue to have the
right to vote their shares, regardless of whether such stockholders
subsequently sold their shares and do not own such shares as of the
date they cast their vote.
The special meeting of the CBAH stockholders to approve the
pending Business Combination (the “Special Meeting”) is scheduled
to be held on December 6, 2021 at 10:00 a.m. Eastern Time. The
Special Meeting will be conducted completely virtually, and can be
accessed via live webcast at
https://www.cstproxy.com/cbreacquisitionholdings/2021.
Additional information on how stockholders of record may vote
their shares can be found at
https://cbreacquisitionholdings.com/
Every stockholder’s vote is
important, regardless of the number of shares held.
Accordingly, all CBAH stockholders who held shares as of the
Record Date who have not yet voted are encouraged to do so as soon
as possible so that it is received no later than 10:00 a.m. Eastern
Time on December 6, 2021. For the avoidance of doubt, CBAH
stockholders who owned shares as of the Record Date and
subsequently sold all or a portion of their shares are STILL
entitled to vote, and are encouraged to do so. CBAH’s board of
directors recommends you vote “FOR” the Business Combination with
Altus Power and “FOR” all of the related proposals described in the
proxy statement/prospectus included in the Registration Statement
on Form S-4 filed by CBAH with the Securities and Exchange
Commission (“SEC”), a definitive copy of which has been mailed to
all CBAH stockholders who owned shares as of the Record
Date.
These are the two easiest and fastest ways to vote – and they
are both free:
- Vote Online (Highly
Recommended): Follow the instructions provided on the proxy
card that was mailed to you, if you are a record holder, or
provided on a Voting Instruction Form by the broker, bank or other
nominee through which you hold shares, if you hold your shares “in
street name”. To vote online, you will need your voting control
number, which you can find on your proxy card or the Voting
Instruction Form provided by your broker, bank or nominee. Internet
votes must be received by CBAH by 11:59 p.m., Eastern Time, on
December 5, 2021. However, if you hold your shares through a
broker, bank or other nominee, they may have an earlier deadline to
receive your vote.
- Vote at the Meeting: If you
are a record holder and plan to attend the online Special Meeting,
you will need your 12-digit voting control number to vote
electronically at the Special Meeting. You can find your control
number and the address for the Special Meeting on your proxy card.
If your shares are held in “street name” please follow the
procedures on the Voting Instruction Form provided by your broker,
bank or nominee.
Additionally, you can also vote by mail:
- Vote by Mail: Follow the
instructions provided on the proxy card that was mailed to you, if
you are a record holder, or provided by your broker, bank or other
nominee on a Voting Instruction Form mailed to you. To send in your
vote via mail, please use the envelope provided with your proxy
material. Mail votes must be received by CBAH prior to the Special
Meeting on December 6, 2021. If Voting by Mail, to ensure your vote
is handled properly, be sure to: (1) mark, sign and date your proxy
card or Voting Instruction Form; (2) return your proxy card or
Voting Instruction Form in the envelope provided or through any
other means described in your Voting Instruction Form; and (3) mail
as soon as possible so that your vote arrives before December 6,
2021.
YOUR CONTROL NUMBER IS FOUND ON YOUR
PROXY CARD OR VOTING INSTRUCTION FORM.
If you hold your shares directly with CBAH (i.e., are a “holder
of record”) and did not receive or misplaced your proxy card,
contact Morrow Sodali, CBAH’s proxy solicitor, for a form
replacement or to obtain your control number. If you hold your
shares through a broker, bank or other nominee and did not receive
or have misplaced your Voting Instruction Form, contact your
broker, bank or nominee through which you hold your shares for a
form replacement or to obtain your control number. You will need
this in order to vote or attend the Special Meeting.
If any individual CBAH stockholder who held shares as of the
October 27, 2021 record date for voting does not receive the proxy
statement/prospectus, such stockholder should (i) confirm his or
her proxy statement/prospectus’s status with his or her broker,
bank or other nominee, (ii) contact Morrow Sodali LLC, CBAH’s proxy
solicitor, for assistance via e-mail at
CBAH.info@investor.morrowsodali.com or toll-free call at (800)
662-5200 and brokers, banks and other nominees can place a collect
call to Morrow Sodali at (203) 658-9400, or (iii) contact CBAH by
mail at CBRE Acquisition Holdings, Inc., 2100 McKinney Avenue,
Suite 1250, Dallas, TX 75201.
Important Information About the Business Combination and
Where to Find It
CBAH has filed with the U.S. Securities and Exchange Commission
(“SEC”) a Registration Statement on Form S-4 (the “Registration
Statement”), which includes a proxy statement/prospectus in
connection with the proposed business combination between Altus
Power and CBAH (the “business combination”) and the other
transactions contemplated by the business combination agreement
entered into by Altus Power and CBAH. The Registration Statement
was declared effective by the SEC on November 5, 2021 and CBAH also
filed the definitive proxy statement/prospectus with respect to the
business combination on that date. CBAH’s stockholders and other
interested persons are advised to read the Registration Statement
and definitive proxy statement/prospectus in connection with CBAH’s
solicitation of proxies for its stockholders’ Special Meeting to be
held to approve the business combination because the proxy
statement/prospectus contains important information about CBAH,
Altus Power and the business combination. The definitive proxy
statement/prospectus and other relevant documents have been mailed
to stockholders of CBAH as of October 27, 2021, the record date for
the Special Meeting. Stockholders will also be able to obtain
copies of the Registration Statement and the proxy
statement/prospectus, without charge at the SEC’s website at
www.sec.gov or by directing a request to CBRE Acquisition Holdings,
Inc., 2100 McKinney Avenue, Suite 1250, Dallas, TX 75201.
Participants in the Solicitation
CBAH, Altus Power and certain of their respective directors and
officers may be deemed participants in the solicitation of proxies
of CBAH’s stockholders with respect to the approval of the business
combination. CBAH and Altus Power urge investors, stockholders and
other interested persons to read the Registration Statement and the
definitive proxy statement/prospectus, and exhibits thereto, as
well as other documents filed with the SEC in connection with the
business combination, as these materials contain important
information about Altus Power, CBAH and the business combination.
Information regarding CBAH’s directors and officers and a
description of their interests in CBAH is contained in the
Registration Statement and the definitive proxy
statement/prospectus.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“anticipate”, “believe”, “could”, “continue”, “expect”, “estimate”,
“may”, “plan”, “outlook”, “future” and “project” and other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These statements,
which involve risks and uncertainties, relate to analyses and other
information that are based on forecasts of future results and
estimates of amounts not yet determinable and may also relate to
CBAH’s and Altus Power’s future prospects, developments and
business strategies. In particular, such forward-looking statements
include statements concerning the timing of the business
combination, the business plans, objectives, expectations and
intentions of CBAH once the business combination and the other
transactions contemplated thereby (the “Transactions”) and change
of name are complete (“New Altus”), and New Altus’s estimated and
future results of operations, business strategies, competitive
position, industry environment and potential growth opportunities.
These statements are based on CBAH’s or Altus Power’s management’s
current expectations and beliefs, as well as a number of
assumptions concerning future events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside CBAH’s or Altus Power’s control, that could
cause actual results to differ materially from the results
discussed in the forward-looking statements. These risks,
uncertainties, assumptions and other important factors include, but
are not limited to: (1) the occurrence of any event, change or
other circumstances that could give rise to the termination of the
Business Combination Agreement; (2) the inability to complete the
Transactions due to the failure to obtain approval of the
stockholders of CBAH or Altus Power or other conditions to closing
in the Business Combination Agreement; (3) the ability of New Altus
to meet NYSE’s listing standards (or the standards of any other
securities exchange on which securities of the public entity are
listed) following the business combination; (4) the inability to
complete the private placement of common stock of CBAH to certain
institutional accredited investors; (5) the risk that the
announcement and consummation of the Transactions disrupts Altus
Power’s current plans and operations; (6) the ability to recognize
the anticipated benefits of the Transactions, which may be affected
by, among other things, competition, the ability of New Altus to
grow and manage growth profitably, maintain relationships with
customers, business partners, suppliers and agents and retain its
management and key employees; (7) costs related to the
Transactions; (8) changes in applicable laws or regulations and
delays in obtaining, adverse conditions contained in, or the
inability to obtain necessary regulatory approvals required to
complete the Transactions; (9) the possibility that Altus Power and
New Altus may be adversely affected by other economic, business,
regulatory and/or competitive factors; (10) the impact of COVID-19
on Altus Power’s and New Altus’s business and/or the ability of the
parties to complete the Transactions; (11) the outcome of any legal
proceedings that may be instituted against CBAH, Altus Power, New
Altus or any of their respective directors or officers, following
the announcement of the Transactions; and (12) the failure to
realize anticipated pro forma results and underlying assumptions,
including with respect to estimated stockholder redemptions and
purchase price and other adjustments.
Additional factors that could cause actual results to differ
materially from those expressed or implied in forward-looking
statements can be found in CBAH’s most recent annual report on Form
10-K, subsequently filed quarterly reports on Form 10-Q and current
reports on Form 8-K, which are available, free of charge, at the
SEC’s website at www.sec.gov, and are provided in the Registration
Statement and CBAH’s definitive proxy statement/prospectus. New
risks and uncertainties arise from time to time, and it is
impossible for us to predict these events or how they may affect
us. You are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made,
and CBAH and Altus Power undertake no obligation to update or
revise the forward-looking statements, whether as a result of new
information, changes in expectations, future events or
otherwise.
This communication is not intended to be all-inclusive or to
contain all the information that a person may desire in considering
an investment in CBAH and is not intended to form the basis of an
investment decision in CBAH. All subsequent written and oral
forward-looking statements concerning CBAH and Altus Power, the
Transactions or other matters and attributable to CBAH and Altus
Power or any person acting on their behalf are expressly qualified
in their entirety by the cautionary statements above.
About CBRE Acquisition Holdings, Inc.
CBRE Acquisition Holdings, Inc. (“CBAH”) is a blank-check
company formed solely for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. CBAH is sponsored by CBRE Acquisition Sponsor, LLC,
which is a subsidiary of CBRE Group, Inc.
About Altus Power
Altus Power, based in Stamford, Connecticut, is creating a clean
electrification ecosystem, serving its commercial, public sector
and community solar customers with locally-sited solar generation,
energy storage, and EV-charging stations across the U.S. Since its
founding in 2009, Altus Power has developed or acquired over 350
megawatts from Vermont to Hawaii. Visit altuspower.com to learn
more.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211123005317/en/
CBRE Acquisition Holdings Contacts
Cash Smith CBRE Acquisition Holdings, Inc.
Cash.Smith@cbre.com
Steven Iaco CBRE Corporate Communications
Steven.Iaco@cbre.com
Altus Power Contacts
For Media: Cory Ziskind ICR, Inc. AltusPowerPR@icrinc.com
For Investors: Caldwell Bailey ICR, Inc.
AltusPowerIR@icrinc.com
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