NEW YORK, Nov. 11, 2021 /PRNewswire/ -- Transfix Inc.
("Transfix"), a leading, next-generation digital freight platform,
announced today that it has been Certified™ by Great Place to
Work®. The prestigious award is based entirely on current employees
and their honest experiences while working at Transfix. This year,
86% of employees said it's a great place to work – 27 points higher
than the average U.S. company.
Great Place to Work® is the global authority on workplace
culture, employee experience, and the leadership behaviors proven
to deliver market-leading revenue, employee retention, and
increased innovation.
"We are proud to be Certified™ by Great Place to
Work® as we truly value the employee experience and strive to
ensure that everyone feels welcome and supported from the moment
they start their journey with Transfix," said Chief People Officer,
Brian Christman. "In the last year,
we have seen immense growth within our company, and we attribute
this success to our incredible team and all the hard work they put
in daily. This certification is an honor and we dedicate this award
to all of our employees."
"Great Place to Work Certification™ isn't something that comes
easily – it takes ongoing dedication to the employee experience,"
said Sarah Lewis-Kulin, vice president of global recognition
at Great Place to Work. "It's the only official recognition
determined by employees' real-time reports of their company
culture. Earning this designation means that Transfix is one of the
best companies to work for in the country."
This year, Transfix launched several new Employee Resource
Groups including Somos@ (Hispanic/Latinx community), Pride@ (LGBTQ+
community), AAPI@ (Asian American Pacific Islander community), and
Parents@, for a total of six groups to better include all
employees. While Transfix currently offers options for both remote
and in-person work, events for employees to connect and bond are
still organized regularly. Notable events from this past year
include the Mid-Autumn Festival, safe space discussions led by our
Asian American Pacific Islander, and ForTheCulture ERGs and team
bonding activities including Paint Night, trivia, and more.
According to Great Place to Work research, job seekers are 4.5
times more likely to find a great boss at a Certified great
workplace. Additionally, employees at Certified workplaces are 93%
more likely to look forward to coming to work, and are twice as
likely to be paid fairly, earn a fair share of the company's
profits, and have a fair chance at promotion.
As announced in September 2021,
Transfix has entered into a definitive business combination
agreement with G Squared Ascend I Inc. (NYSE: GSQD), a special
purpose acquisition company sponsored by affiliates of G Squared,
that is expected to result in Transfix becoming a publicly listed
company. Completion of the business combination is subject to
customary closing conditions.
About Transfix
Transfix is a market-leading,
next-generation freight platform transforming the traditional and
digital freight sector while bringing transparency, trust, and
sustainability to the transportation ecosystem. The company
combines deep industry expertise and a world-class class carrier
network with advanced technology. The result? Competitive pricing,
superior service and reliability, and an intelligent platform
designed to optimize the supply chain from start to finish. Today,
some of the world's most recognized brands rely on Transfix's
trusted carrier network. Transfix was named one of Forbes' "Next
Billion-Dollar Startups" and is headquartered in the heart of
New York City. For more
information, visit www.transfix.io.
About Great Place to Work Certification™
Great Place
to Work® Certification™ is the most definitive
"employer-of-choice" recognition that companies aspire to achieve.
It is the only recognition based entirely on what employees report
about their workplace experience – specifically, how consistently
they experience a high-trust workplace. Great Place to Work
Certification is recognized worldwide by employees and employers
alike and is the global benchmark for identifying and recognizing
outstanding employee experience. Every year, more than 10,000
companies across 60 countries apply to get Great Place to
Work-Certified.
About Great Place to Work®
Great Place to Work® is the global authority on workplace culture.
Since 1992, they have surveyed more than 100 million employees
worldwide and used those deep insights to define what makes a great
workplace: trust. Their employee survey platform empowers leaders
with the feedback, real-time reporting and insights they need to
make data-driven people decisions. Everything they do is driven by
the mission to build a better world by helping every organization
become a great place to work For All™. Learn more at
greatplacetowork.com and on LinkedIn, Twitter, Facebook and
Instagram.
About G Squared
G Squared is a global venture capital
firm that partners with dynamic companies throughout their life
cycles as a complete capital solutions provider, working to create
value for companies, investors, employees, and other stakeholders.
The firm focuses on investments in growth-stage technology
companies and has invested in over 100 portfolio companies since it
was founded in 2011. The firm's affiliate, G Squared Ascend, offers
transformative private companies a path to public markets via SPAC.
For more information on G Squared and its portfolio, visit:
www.gsquared.com. For more information on G Squared Ascend, visit:
www.gsquaredascend.com.
Media Contact
Chelsea Horn, Carve Communications
for Transfix
chelsea@carvecomms.com
(210) 378-8580
Investor
Contact
Investors@solidpower.com
Important Information and Where to Find It
In connection with the proposed business combination involving G
Squared Ascend I Inc. ("G Squared Ascend I") and Transfix, Inc.
("Transfix"), Transfix Holdings, Inc. ("Transfix Holdings") will
file a registration statement on Form S-4 (the "Registration
Statement") with the Securities and Exchange Commission (the
"SEC"). The Registration Statement will include a proxy statement
of G Squared Ascend I and a prospectus of Transfix Holdings.
Additionally, G Squared Ascend I and Transfix Holdings will file
other relevant materials with the SEC in connection with the
business combination. Copies may be obtained free of charge at the
SEC's website at www.sec.gov. Security holders of G Squared Ascend
I are urged to read the proxy statement/prospectus and the other
relevant materials when they become available before making any
voting decision with respect to the proposed business combination
because they will contain important information about the business
combination and the parties to the business combination and related
matters. The information contained on, or that may be accessed
through, the websites referenced in this communication is not
incorporated by reference into, and is not a part of, this
communication.
Participants in the Solicitation
G Squared Ascend I and its directors and officers may be deemed
participants in the solicitation of proxies of G Squared Ascend I's
stockholders in connection with the proposed business combination.
Transfix and its officers and directors may also be deemed
participants in such solicitation. Security holders may obtain more
detailed information regarding the names, affiliations and
interests of certain of G Squared Ascend I's executive officers and
directors in the solicitation by reading G Squared Ascend I's final
prospectus for its initial public offering filed with the SEC on
February 8, 2021, and the proxy
statement/prospectus and other relevant materials filed with the
SEC in connection with the business combination when they become
available. Information concerning the interests of G Squared Ascend
I's participants in the solicitation, which may, in some cases, be
different than those of their stockholders generally, will be set
forth in the proxy statement/prospectus relating to the business
combination when it becomes available.
No Offer or Solicitation
This communication is for informational purposes only and is not
intended to and shall not constitute a proxy statement or the
solicitation of a proxy, consent or authorization with respect to
any securities in respect of the proposed business combination and
shall not constitute an offer to sell or the solicitation of an
offer to buy any securities or constitute a solicitation of any
vote or approval, nor shall there be any sale, issuance or transfer
of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
Forward Looking Statements
The information in this communication may contain statements
that are not historical facts but are "forward-looking statements''
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and within the meaning of "safe harbor" provisions under
the United States Private Securities Litigation Reform Act of 1995.
All statements, other than statements of present or historical fact
included in this communication, regarding G Squared Ascend I's
proposed business combination with Transfix, G Squared Ascend I's
ability to consummate the transaction, the benefits of the
transaction and the combined company's future financial
performance, as well as the combined company's strategy, future
operations, estimated financial position, estimated revenues and
losses, projected costs, prospects, plans and objectives of
management are forward-looking statements. When used in this
communication, the words "could," "should," "will," "may,"
"believe," "anticipate," "intend," "estimate," "expect," "project,"
the negative of such terms and other similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on management's current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law, G
Squared Ascend I and Transfix disclaim any duty to update any
forward-looking statements, all of which are expressly qualified by
the statements in this section, to reflect events or circumstances
after the date of this communication. G Squared Ascend I and
Transfix caution you that these forward-looking statements are
subject to numerous risks and uncertainties, most of which are
difficult to predict and many of which are beyond the control of
either G Squared Ascend I or Transfix. In addition, G Squared
Ascend I and Transfix caution you that the forward-looking
statements contained in this communication are subject to the
following factors: (i) the occurrence of any event, change or other
circumstances that could delay the business combination or give
rise to the termination of the agreements related thereto; (ii) the
outcome of any legal proceedings that may be instituted against G
Squared Ascend I or Transfix following announcement of the
transactions; (iii) the inability to complete the business
combination due to the failure to obtain approval of the
shareholders of G Squared Ascend I, or other conditions to closing
in the transaction agreement; (iv) the risk that the proposed
business combination disrupts G Squared Ascend I's or Transfix's
current plans and operations as a result of the announcement of the
transactions; (v) Transfix's ability to realize the anticipated
benefits of the business combination, which may be affected by,
among other things, competition and the ability of Transfix to grow
and manage growth profitably following the business combination;
(vi) costs related to the business combination; (vii) changes in
applicable laws or regulations; (viii) rollout of Transfix's
business and the timing of expected business milestones, (ix) the
effects of competition on Transfix's business, (x) supply shortages
in the materials necessary for the production of Transfix's
products, (xi) risks related to original equipment manufacturers
and other partners being unable or unwilling to initiate or
continue business partnerships on favorable terms, (xii) the
termination or reduction of government clean energy and electric
vehicle incentives, (xiii) delays in the construction and operation
of production facilities, (xiv) the amount of redemption requests
made by G Squared Ascend I's public stockholders, (xv) changes in
domestic and foreign business, market, financial, political and
legal conditions, and (xvi) the possibility that Transfix may be
adversely affected by other economic, business, and/or competitive
factors. Should one or more of the risks or uncertainties described
in this communication, or should underlying assumptions prove
incorrect, actual results and plans could different materially from
those expressed in any forward-looking statements. You should
carefully consider the risks and uncertainties described in the
"Risk Factors" section of G Squared Ascend I's final prospectus
filed on February 8, 2021, Quarterly
Report on Form 10-Q for the quarter ended March 31, 2021, and Quarterly Report on Form 10-Q
for the quarter ended June 30, 2021,
in each case, under the heading "Risk Factors," and other documents
of G Squared Ascend I filed, or to be filed, including the proxy
statement/prospectus, with the SEC. Additional information
concerning these and other factors that may impact the operations
and projections discussed herein can be found in G Squared Ascend I
's periodic filings with the SEC, including G Squared Ascend I's
final prospectus for its initial public offering filed with the SEC
on February 8th 2021. G Squared
Ascend I's SEC filings are available publicly on the SEC's website
at www.sec.gov.
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SOURCE Transfix Inc.