Schultze Special Purpose Acquisition Corp. Announces Intent to Convene and Adjourn its Special Meeting of Stockholders to Sep...
29 September 2020 - 6:05AM
Schultze Special Purpose Acquisition Corp. (Nasdaq: SAMA, SAMAW and
SAMAU) (the “Company”) today announced that it intends to convene
and then adjourn, without conducting any business, its special
meeting of stockholders scheduled to occur at 11:00 a.m., Eastern
time, on September 29, 2020, and reconvene at 9:00 a.m., Eastern
time, on September 30, 2020, to vote on the proposals described in
the proxy statement filed with the Securities and Exchange
Commission (“SEC”) on September 4, 2020. At the special meeting,
stockholders of the Company will be asked to vote on a proposal to
amend the Company’s amended and restated certificate of
incorporation to extend the date by which the Company has to
consummate a business combination (the “Extension”) for an
additional three months, from September 30, 2020 to December 31,
2020 (the “Charter Amendment”), and, if necessary, a proposal to
direct the chairman of the special meeting to adjourn the special
meeting to a later date or dates to permit further solicitation and
vote of proxies if, based upon the tabulated vote at the time of
the special meeting, there are not sufficient votes to approve the
foregoing proposal (the “Adjournment Proposal”).
The special meeting will still be held at the
offices of Greenberg Traurig, LLP, located at 1750 Tysons
Boulevard, Suite 1000, McLean, VA 22102.
If you have not submitted a proxy for use at the
special meeting, you are urged to do so promptly. No action is
required by any stockholder who has previously delivered a proxy
and who does not wish to revoke or change that proxy. Information
about voting or revoking a proxy is included in the proxy statement
filed by the Company with the SEC on September 4, 2020, which is
available without charge on the SEC’s website at
http://www.sec.gov.
About Schultze Special Purpose
Acquisition Corp.
Schultze Special Purpose Acquisition Corp.
(NASDAQ: SAMA, SAMAW and SAMAU) is a blank check company formed for
the purpose of entering into a merger, stock exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
other similar business combination with one or more businesses or
entities. The Company's sponsor is an affiliate of Schultze Asset
Management, LP, an alternative investment management firm founded
in 1998 that focuses on distressed, special situation and
event-driven securities and has invested over $3.2 billion since
inception with a notable track-record through its active investment
strategy. The Company itself is backed by an experienced team of
operators and investors with a successful track-record of creating
material value in public and private companies.
Forward-Looking Statements
Certain statements made herein are
“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”, “expect”, “estimate”,
“plan”, “outlook”, and “project” and other similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
reflect the current analysis of existing information and are
subject to various risks and uncertainties. As a result, caution
must be exercised in relying on forward-looking statements. Due to
known and unknown risks, our actual results may differ materially
from our expectations or projections.
Additional information concerning factors that
may impact our expectations and projections can be found in our
periodic filings with the SEC, including our Annual Report on Form
10-K for the fiscal year ended December 31, 2019, and in the proxy
statement filed by the Company with the SEC on September 4, 2020.
Our SEC filings are available publicly on the SEC’s website at
http://www.sec.gov. The Company disclaims any obligation to update
the forward-looking statements, whether as a result of new
information, future events or otherwise.
Additional Information about the
Charter Amendment and Where to Find
It
In connection with the proposed Charter
Amendment and Adjournment Proposal, the Company filed a definitive
proxy statement with the SEC on September 4, 2020 and thereafter
commenced mailing the definitive proxy statement to its
stockholders as of the August 24, 2020 record date for the special
meeting. Investors and security holders of the Company are advised
to read the definitive proxy statement that was filed with the SEC
in connection with the Company’s solicitation of proxies for its
stockholders’ meeting to be held to approve the proposed Charter
Amendment and, if submitted to the Company’s stockholders, the
Adjournment Proposal because the definitive proxy statement
contains important information about the proposed Charter Amendment
and Adjournment Proposal. Stockholders may also obtain a copy of
the definitive proxy statement, as well as other relevant documents
that have been or will be filed with the SEC, without charge, at
the SEC’s website at http://www.sec.gov or by directing a request
to: Schultze Special Purpose Acquisition Corp, 800 Westchester
Avenue, Suite 632, Rye Brook, New York 10573; e-mail:
sdu@samco.net.
If you have any questions or need assistance
voting your shares, please call our proxy solicitor, Morrow Sodali
LLC at: Morrow Sodali LLC, 470 West Avenue, Stamford, CT
06902, phone: (800) 662-5200 (banks and brokers call collect at:
(203) 658-9400), email: SAMA.info@morrowsodali.com.
Participants in Solicitation
The Company and certain of its directors,
executive officers and other members of its management and
employees may be deemed to be participants in the solicitation of
proxies from the Company’s stockholders. Information concerning the
interests of the directors and executive officers of the Company is
set forth in the definitive proxy statement filed with the SEC
on September 4, 2020.
Schultze Special Purpose Acquisition Corp.
George J. Schultze: schultze@samco.netGary M.
Julien: gjulien@samco.net(914) 701-5260
Investor RelationsRaphael
GrossICRraphael.gross@icrinc.com(203) 682-8253
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