Exhibit 99.1
Freedom Acquisition I Corp. Shareholders Approve
Previously Announced Business Combination with
Complete Solaria, Inc.
FREMONT, CA
(July 12, 2023) Freedom Acquisition I Corp. (Freedom) (NYSE: FACT), a publicly traded special purpose acquisition company, today announced that its shareholders voted to approve the previously announced business combination
with Complete Solaria, Inc. (Complete Solaria), at the extraordinary general meeting of Freedoms shareholders held on July 11, 2023 (the Special Meeting).
Votes representing over 76.9% of the issued and outstanding ordinary shares of Freedom were cast in favor of the approval of the proposal in connection with
the business combination at the Special Meeting. Freedom shareholders also voted to approve all other proposals presented at the Special Meeting. Freedom plans to file the results of the Special Meeting, as tabulated by the inspector of elections,
with the Securities and Exchange Commission (the SEC) on a Current Report on Form 8-K.
About
Complete Solaria
Complete Solaria is a solar company with unique technology and
end-to-end customer offering, which includes financing, project fulfilment and customer service. Complete Solarias digital platform together with premium solar
products enable one-stop service for clean energy needs for customers wishing to make the switch to a more energy-efficient lifestyle. To learn more, visit: https://www.completesolaria.com.
About Freedom
Freedom is a blank check company formed
for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Freedom is led by Executive Chairman Tidjane Thiam, who previously served as
CEO of Credit Suisse and Prudential. Senior management of Freedom also includes Chief Executive Officer Adam Gishen and Edward Zeng, a proven entrepreneur with a strong track record of creating value for investors across financial services,
technology and energy transition sectors. To learn more about Freedom, visit www.freedomac1.com.
Forward Looking Statements
This press release may contain certain forward-looking statements within the meaning of the federal securities laws with respect to the referenced and proposed
transactions. These forward-looking statements generally are identified by the words anticipate, believe, continue, could, estimate, expect, intend, may,
might, plan, possible, potential, predict, project, should, would, and similar expressions, but the absence of these words does not mean that a statement
is not a forward-looking statement. Forward-looking statements are forecasts, predictions, projections and other statements about future events that are based on current expectations, hopes, beliefs, intentions, strategies and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the proposed business
combination may not be completed in a timely manner or at all; (ii) the risk that the proposed business combination between Freedom and Complete Solaria may not be completed by Freedoms business combination deadline and the potential
failure to obtain an extension of the business combination deadline if sought by Freedom; (iii) the failure to satisfy the conditions to the consummation of the proposed business combination; (iv) the effect of the announcement or pendency
of the proposed