20Cube Logistics Pte. Ltd., a Singapore-based
software-enabled international supply chain orchestrator
(“20Cube”), has been invited to attend the 35th Annual ROTH
Conference on March 12-14, 2023 at The Ritz Carlton, Laguna Niguel
located in Dana Point, California.
On October 18, 2022, 20Cube entered into a Business Combination
Agreement (the “Business Combination Agreement”) with Evo
Acquisition Corp. (Nasdaq: EVOJ), a special purpose acquisition
company (“Evo”), for a proposed business combination (the “Business
Combination”). The parent company following the consummation of the
Business Combination will be a new Singapore holding company
(“Pubco”) to be called 20Cube Logistics Solutions Ltd. Pubco’s
ordinary shares are expected to be listed on the Nasdaq Capital
Market under the ticker symbol “TCUB.”
Mahesh Niruttan, Chief Executive Officer of 20Cube, and Jason
Sausto, Managing Director of Evo, will attend the event in-person
where they will participate in one-on-one meetings to discuss the
Business Combination, strategic initiatives and upcoming
milestones.
35th Annual ROTH Conference Date: March 12-14, 2023
Format: In-person one-on-one meetings Conference Website: Click
here
For more information on 35th Annual ROTH Conference, please
contact your ROTH representative or you may also email your request
to EVOJ@mzgroup.us or call Chris Tyson at (949) 491-8235.
About 20Cube Logistics Pte. Ltd.
20Cube is a technology-focused third-party logistics solutions
provider founded in 2011 by experienced industry professionals with
the vision of leveraging technology to distinctly improve operating
efficiency and customer experience in providing logistics services
and solutions. 20Cube provides business-to-business logistics
services and solutions from the initial purchase order until the
final proof of delivery including order management international
logistics, customs processing, warehousing, and distribution.
20Cube utilizes its proprietary technology platform, “MyHub,” to
support diverse processes along the supply chain and to provide a
superior customer experience. 20Cube’s services enable its clients
to focus on running their core businesses while 20Cube leverages
its technology systems and operating expertise to optimize its
clients’ costs and inventory, shorten their lead time to market,
and enhance their supply chain visibility. For more information,
please visit www.20Cube.com.
About Evo Acquisition Corp.
Evo is a blank check company formed for the purpose of effecting
a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or similar business combination with one
or more businesses. Evo is led by its Chairman, Michael Lerch, its
Chief Executive Officer, Richard Chisholm, its Chief Financial
Officer, Adrian Brindle and its Managing Director, Jason Sausto.
For more information visit www.evospac.com.
Forward-Looking Statements
Certain statements included in this press release are not
historical facts but are forward-looking statements.
Forward-looking statements generally are accompanied by words such
as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,”
“intend,” “expect,” “should,” “would,” “plan,” “future,” “outlook,”
and similar expressions that predict or indicate future events or
trends or that are not statements of historical matters, but the
absence of these words does not mean that a statement is not
forward-looking. These forward-looking statements include, but are
not limited to, statements regarding estimates and forecasts of
other performance metrics and projections of market opportunity.
These statements are based on various assumptions, whether or not
identified in this press release and on the current expectations of
Evo’s and 20Cube’s respective managements and are not predictions
of actual performance. 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 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 Evo and
20Cube. Some important factors that could cause actual results to
differ materially from those in any forward-looking statements
could include changes in domestic and foreign business, market,
financial, political and legal conditions.
These forward-looking statements are subject to a number of
risks and uncertainties, including, the inability of the parties to
successfully or timely consummate the Business Combination,
including the risk that any required regulatory approvals are not
obtained, are delayed or are subject to unanticipated conditions
that could adversely affect Pubco or the expected benefits of the
Business Combination, if not obtained; the failure to realize the
anticipated benefits of the Business Combination; matters
discovered by the parties as they complete their respective due
diligence investigation of the other parties; the ability of Evo
prior to the Business Combination, and Pubco following the Business
Combination, to maintain (in the case of Evo) and to obtain and
maintain (in the case of Pubco) the listing of Evo’s shares prior
to the Business Combination, and following the Business
Combination, Pubco’s shares on Nasdaq; costs related to the
Business Combination; the failure to satisfy the conditions to the
consummation of the Business Combination, including the approval of
the Business Combination Agreement by the respective stockholders
of Evo and 20Cube, the risk that the Business Combination may not
be completed by the stated deadline and the potential failure to
obtain an extension of the stated deadline; the inability to
complete a private placement transaction; the outcome of any legal
proceedings that may be instituted against Evo or 20Cube related to
the Business Combination; the attraction and retention of qualified
directors, officers, employees and key personnel of Evo and 20Cube
prior to the Business Combination, and Pubco following the Business
Combination; the ability of Pubco to compete effectively in a
highly competitive market; the ability to protect and enhance
20Cube’s corporate reputation and brand; the impact from future
regulatory, judicial, and legislative changes in 20Cube’s industry;
the uncertain effects of the COVID-19 pandemic or other public
health matters; competition from larger technology companies that
have greater resources, technology, relationships and/or expertise;
future financial performance of Pubco following the Business
Combination, including the ability of future revenues to meet
projected annual bookings; the ability of Pubco to forecast and
maintain an adequate rate of revenue growth and appropriately plan
its expenses; the ability of Pubco to generate sufficient revenue
from each of its revenue streams; the ability of Pubco’s patents
and patent applications to protect Pubco’s core technologies from
competitors; Pubco’s ability to manage a complex set of marketing
relationships and realize projected revenues from subscriptions,
advertisements; product sales and/or services; 20Cube’s ability to
execute its business plans and strategy; and those factors set
forth in documents of Evo or Pubco filed, or to be filed, with SEC.
You should carefully consider the foregoing factors and the other
risks and uncertainties that will be described in the “Risk
Factors” section of the registration statement on Form F-4 and
related proxy statement and other documents to be filed by Evo or
Pubco from time to time with the SEC. These filings 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. The foregoing list of risks is
not exhaustive.
If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that neither Evo nor 20Cube presently know or that
Evo or 20Cube currently believe are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Evo’s and 20Cube’s current expectations, plans and
forecasts of future events and views as of the date of this press
release. Nothing in this press release should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You
should not place undue reliance on forward-looking statements in
this press release, which speak only as of the date they are made
and are qualified in their entirety by reference to the cautionary
statements herein and the risk factors of Evo and 20Cube described
above. Evo and 20Cube anticipate that subsequent events and
developments will cause their assessments to change. However, while
Evo and 20Cube may elect to update these forward-looking statements
at some point in the future, they each specifically disclaim any
obligation to do so, except as may be required by law. These
forward-looking statements should not be relied upon as
representing Evo’s or 20Cube’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.
Participants in the Solicitation
Evo, 20Cube and their respective directors, executive officers
and employees and other persons may be deemed to be participants in
the solicitation of proxies from the holders of shares of Evo
common stock in respect of the Business Combination described
herein. Information about Evo’s directors and executive officers
and their ownership of Evo common stock is set forth in Evo’s
filings with the SEC. Other information regarding the interests of
the participants in the proxy solicitation will be included in the
proxy statement/prospectus pertaining to the Business Combination
which will be filed by Pubco. These documents can be obtained free
of charge from the sources indicated below.
Important Information About the Business Combination and
Where to Find It
This press release relates to the Business Combination. This
press release does not constitute an offer to sell or exchange, or
the solicitation of an offer to buy or exchange, any securities,
nor shall there be any sale of securities in any jurisdiction in
which such offer, sale or exchange would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. In connection with the Business Combination described
herein, Evo and Pubco intend to file relevant materials with the
SEC, including a registration statement to be filed by Pubco on
Form F-4, which will include a proxy statement/prospectus.
Security holders are encouraged to carefully review such
information, including the risk factors and other disclosures
therein. The proxy statement/prospectus will be sent to
all shareholders of Evo and 20Cube. Evo and Pubco will also file
other documents regarding the Business Combination with the SEC.
Before making any voting or investment decision, investors and
security holders of Evo and 20Cube are urged to read the
registration statement, the proxy statement/prospectus and all
other relevant documents filed or that will be filed with the SEC
in connection with the Business Combination as they become
available because they will contain important information about the
Business Combination.
Once available, stockholders will also be able to obtain a copy
of the registration statement on Form F-4, including the proxy
statement/prospectus, and other documents filed with the SEC
without charge, by directing a request to: EVOJ@mzgroup.us. The
preliminary and definitive proxy statement/prospectus, once
available, and other materials filed with the SEC, can also be
obtained, without charge, at the SEC’s website (www.sec.gov).
Non-Solicitation
This press release does not constitute, and should not be
construed to be, a proxy statement or the solicitation of a proxy,
consent or authorization with respect to any securities or in
respect of the proposed Business Combination and shall not
constitute an offer to sell or a solicitation of an offer to buy
any securities nor shall there be any sale of 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 any such state or jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of the Securities Act of 1933, as amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230228005595/en/
20Cube Investor Contact: corporate@20cube.com
Evo Acquisition Corp. Investor Contact: Chris Tyson
949-491-8235 EVOJ@mzgroup.us
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