NEW YORK, Aug. 19, 2020 /PRNewswire/ -- Collier Creek
Holdings ("Collier Creek") (NYSE: CCH, CCH.U, CCH WS), today
announced that, due to the public health and safety concerns
related to the coronavirus (COVID-19) pandemic and recommendations
and orders from federal and New
York authorities, Collier Creek's extraordinary general
meeting, which will be held on Thursday,
August 27, 2020 at 9:00 a.m.,
New York City Time (the "General Meeting"), will be held remotely
by teleconference. The purpose of the General Meeting is to vote on
certain proposals relating to the previously announced Business
Combination Agreement, dated as of June 5,
2020 (as it may be amended, supplemented or otherwise
modified from time to time, the "Business Combination Agreement"),
by and among Collier Creek, Utz Brands Holdings, LLC ("Utz") and
certain holders of Utz.
The General Meeting will be accessible by dialing (833)
792-4157 (toll free—North America) or (209) 940-8048
(International) and entering passcode 7238758. Shareholders
will be able to ask questions of Collier Creek management via the
conference line.
General Information
All information about the General Meeting, including the
definitive proxy statement, is available at
www.cstproxy.com/colliercreekholdings/2020.
In connection with the Business Combination, Collier Creek has
filed a definitive proxy statement and prospectus, which has been
mailed, together with other relevant documents, to its
shareholders. Investors and security holders of Collier Creek are
advised to read the definitive proxy statement/prospectus in
connection with Collier Creek's solicitation of proxies for the
General Meeting of shareholders, at which the Business Combination
(and related matters) will be considered and voted upon, because
the definitive proxy statement/prospectus contains important
information about the Business Combination and the parties to the
Business Combination. The definitive proxy statement/prospectus was
mailed to shareholders of Collier Creek as of July 30, 2020. Shareholders are also able to
obtain copies of the definitive proxy statement/prospectus, without
charge, on the SEC website at www.sec.gov or by directing a request
to: Collier Creek Holdings, 200 Park Avenue, 58th Floor,
New York, NY 10166.
Participants in the Solicitation
Collier Creek, Utz and their respective directors, executive
officers, other members of management, and employees, under SEC
rules, may be deemed to be participants in the solicitation of
proxies of Collier Creek's shareholders in connection with the
Business Combination. Investors and security holders may obtain
more detailed information regarding the names and interests in the
Business Combination of Collier Creek's directors and officers and
such information and names of Utz's directors and executive
officers in the definitive proxy statement/prospectus, which was
filed with the SEC on August 7,
2020.
About Collier Creek
Collier Creek is a special purpose acquisition company that
completed its initial public offering in October 2018, raising $440
million in proceeds. Collier Creek was formed for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses. Collier Creek was co-founded by
Roger K. Deromedi, Chinh E. Chu, and Jason
K. Giordano, who bring over 80 years of combined investing
and operating experience, with a focus on the consumer goods
sector. Mr. Deromedi is the former Chairman of Pinnacle Foods and
the former Chief Executive Officer of Kraft Foods. Mr. Chu
and Mr. Giordano are Senior Managing Directors of CC Capital, a
private investment firm. Collier Creek's Class A common shares,
units, and warrants trade on the NYSE under the symbols CCH, CCH.U,
and CCH WS, respectively. For more information, please visit
www.colliercreekholdings.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Collier Creek's and Utz's
actual results may differ from their expectations, estimates and
projections and consequently, you should not rely on these forward
looking statements as predictions of future events. Words such as
"expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Collier Creek's and Utz's expectations with respect to
future performance and anticipated financial impacts of the
proposed business combination, the satisfaction of the closing
conditions to the business combination and the timing of the
completion of the business combination. These forward-looking
statements involve significant risks and uncertainties that could
cause the actual results to differ materially from the expected
results. Most of these factors are outside Collier Creek's and
Utz's control and are difficult to predict. Factors that may cause
such differences 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 outcome of any legal proceedings that may be instituted
against Collier Creek and Utz following the announcement of the
business combination agreement and the transactions contemplated
therein; (3) the inability to complete the proposed business
combination, including due to failure to obtain approval of the
shareholders of Collier Creek or other conditions to closing in the
business combination agreement; (4) the occurrence of any event,
change or other circumstance that could give rise to the
termination of the business combination agreement or could
otherwise cause the business combination to fail to close; (5) the
amount of redemption requests made by Collier Creek's shareholders;
(6) the inability to obtain or maintain the listing of the
post-business combination company's common stock on the New York
Stock Exchange following the proposed business combination; (7) the
risk that the proposed business combination disrupts current plans
and operations; (8) the ability to recognize the anticipated
benefits of the proposed business combination, which may be
affected by, among other things, competition, the ability of the
combined company to grow and manage growth profitably and retain
its key employees; (9) costs related to the proposed business
combination; (10) changes in applicable laws or regulations; (11)
the possibility that Utz or the combined company may be adversely
affected by other economic, business, and/or competitive factors;
and (12) other risks and uncertainties indicated from time to time
in the proxy statement/prospectus relating to the proposed business
combination, including those included in the section "Risk
Factors," and in Collier Creek's other filings with the SEC. Some
of these risks and uncertainties may in the future be amplified by
the COVID-19 outbreak and there may be additional risks that
Collier Creek considers immaterial or which are unknown. It is not
possible to predict or identify all such risks. Collier Creek
cautions that the foregoing list of factors is not exclusive.
Collier Creek cautions readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Collier Creek does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based, except as otherwise required
by law.
Disclaimer
This communication is for informational purposes only and is
neither an offer to purchase, nor a solicitation of an offer to
sell, subscribe for or buy any securities or the solicitation of
any vote in any jurisdiction pursuant to the Business Combination
or otherwise, nor shall there be any sale, issuance or transfer or
securities in any jurisdiction in contravention of applicable law.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act.
Investor Contacts
Katie Turner
ICR
646-277-1228
Katie.Turner@icrinc.com
Media Contacts
Collier Creek:
Jonathan Keehner / Tim Ragones / Kate
Thompson
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
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SOURCE Collier Creek Holdings