NEW YORK, Sept. 16, 2021 /PRNewswire/ -- Cerberus
Telecom Acquisition Corp. (NYSE: CTAC.U) (NYSE: CTAC)
(NYSE: CTAC WS) ("CTAC") today announced that the
Extraordinary Special Meeting ("Special Meeting") of its
shareholders, originally scheduled for Thursday, September 16, 2021, is being postponed
to 10:00 a.m., Wednesday, September 22, 2021.
As of 5:00 p.m. Tuesday, September 14,
2021, 90.39% of CTAC's public shareholders had tendered
their shares for redemption. The Company plans to continue to
solicit proxies from public shareholders during the period prior to
the Special Meeting. Only the holders of record of CTAC's ordinary
shares as of the close of business on August
9, 2021, the record date for the Special Meeting, are
entitled to vote at the Special Meeting.
The Special Meeting will take place in person at Ugland House,
Grand Cayman, KY1- 1104,
Cayman Islands, and virtually via
live webcast at 10:00 a.m. Eastern
Time on September 22, 2021. It can be accessed by
visiting https://www.cstproxy.com/ctac/sm2021. The proxy statement
is available in the "Documents" section of the CTAC website and on
the SEC's website at http://www.sec.gov.
CTAC recommends that its shareholders wishing to vote at the
Special Meeting log in at least 15 minutes before the Special
Meeting starts, if attending virtually. CTAC encourages its
shareholders entitled to vote at the Special Meeting to vote their
shares via proxy in advance of the Special Meeting by following the
instructions on the proxy card.
A list of CTAC shareholders entitled to vote at the Special
Meeting will be open to the examination of any CTAC shareholder,
for any purpose germane to the Special Meeting, during regular
business hours for a period of 10 calendar days before the Special
Meeting.
For assistance voting your shares, please contact Morrow Sodali
LLC, CTAC's proxy solicitor, toll-free at 1-(800) 662-5200 or via
email at ctac.info@investor.morrowsodali.com.
About CTAC
Cerberus Telecom Acquisition Corp. ("CTAC") is a blank check
company formed by an affiliate of Cerberus Capital Management, L.P.
("Cerberus"), a global leader in alternative investing. CTAC is led
by CEO Tim Donahue, former Executive
Chairman of Sprint Nextel and former CEO of Nextel Communications,
and is proud to have the support of a distinguished advisory board
comprised of senior executives and business leaders from the
information and communications technology sector. For more
information, visit www.cerberusacquisition.com.
About Cerberus
Founded in 1992, Cerberus is a global leader in alternative
investing with approximately $50 billion in assets across
complementary credit, private equity, and real estate strategies.
Cerberus invests across the capital structure where its integrated
investment platforms and proprietary operating capabilities create
an edge to improve performance and drive long-term value.
Cerberus's tenured teams have experience working collaboratively
across asset classes, sectors, and geographies to seek strong
risk-adjusted returns for its investors. Cerberus has a dedicated
focus on next-generation technologies and telecommunication
solutions. Its team of technologists and network of advisors
collaborate across its investment and operating platforms to
identify opportunities and manage investments in critical IoT, edge
computing, artificial intelligence, private wireless networks,
network equipment, autonomy, aerospace, and ecosystem development.
For more information about its people and platforms, visit Cerberus
at www.cerberus.com.
Media Contact
Michael
Dolio
CTAC
Mobile +1-929-280-1026
mdolio@cerberus.com
Important Information and Where to Find It
This press release references the proposed merger transaction
announced previously involving Cerberus Telecom Acquisition Corp.
("CTAC") and KORE. CTAC and King Pubco, Inc. ("Pubco") filed a
registration statement on Form S-4 with the SEC, which includes a
proxy statement of CTAC and a prospectus of Pubco, and CTAC will
file other documents regarding the proposed transaction with the
SEC. A definitive proxy statement/prospectus was sent to the
shareholders of CTAC, seeking required shareholder approval. Before
making any voting or investment decision, investors and security
holders of CTAC are urged to carefully read the entire registration
statement and proxy statement/prospectus and any other relevant
documents filed with the SEC, as well as any amendments or
supplements to these documents, because they will contain important
information about the proposed transaction. The documents filed by
CTAC with the SEC may be obtained free of charge at the SEC's
website at http://www.sec.gov. In addition, the documents filed by
CTAC with the SEC may be obtained free of charge from CTAC's
website at www.cerberusacquisition.com or upon written request
to Cerberus Telecom Acquisition Corp., 875 Third Avenue,
New York, NY 10022.
This press release, similar to the previous announcement, 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 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.
CTAC, KORE and certain of their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from the shareholders of CTAC, in favor of
the approval of the merger. Information regarding CTAC's
and KORE's directors and executive officers and other persons
who may be deemed participants in the transaction may be obtained
by reading the registration statement and the proxy
statement/prospectus and other relevant documents filed with the
SEC when they become available. Free copies of these documents may
be obtained as described above.
This press release includes certain statements that are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "believe,"
"may," "will," "estimate," "continue," "anticipate," "intend,"
"expect," "should," "would," "plan," "predict," "potential,"
"seem," "seek," "future," "outlook," and similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
include, but are not limited to, statements regarding estimates and
forecasts of revenue and other financial and performance metrics
and projections of market opportunity and expectations. These
statements are based on various assumptions and on the current
expectations of CTAC or KORE's management. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as, and must not be relied on by
any investor or other person as, a guarantee, an assurance, a
prediction or a definitive statement of fact or probability. Actual
events and circumstances are difficult or impossible to predict and
will differ from assumptions. Many actual events and circumstances
are beyond the control of CTAC and/or KORE. These
forward-looking statements are subject to a number of risks and
uncertainties, including general economic, financial, legal,
political and business conditions and changes in domestic and
foreign markets; the potential effects of COVID-19; risks related
to the rollout of KORE's business and the timing of expected
business milestones; changes in the assumptions underlying KORE's
expectations regarding its future business; the effects of
competition on KORE's future business; and the outcome of
judicial proceedings to which KORE is, or may become a party. If
the risks materialize or assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that KORE
presently does not know or that KORE currently believes are
immaterial that could also cause actual results to differ
materially from those contained in the forward-looking statements.
In addition, forward-looking statements reflect KORE's
expectations, plans or forecasts of future events and views as of
the date of this press release. KORE and CTAC anticipate that
subsequent events and developments will cause these assessments to
change. However, while KORE and/or CTAC may elect to update these
forward-looking statements at some point in the future, each of
KORE and CTAC specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing KORE's assessments as of any date subsequent to
the date of this press release. Accordingly, undue reliance should
not be placed upon the forward-looking statements.
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SOURCE KORE Wireless