The Music Acquisition Corporation to Hold Virtual Special Meeting of Stockholders to Obtain Stockholder Approval to Liquidate Trust Account Before Year-End
04 November 2022 - 9:42AM
The Music Acquisition Corporation (“TMAC” or “the Company”) will be
holding a virtual Special Meeting of Stockholders on Wednesday,
November 30, 2022 at 10:00 a.m. eastern time. The record date for
the meeting is 5:00 p.m., New York Time, on October 31, 2022. At
this special meeting, holders will be asked to vote on proposals
related to an amendment (the “Charter Amendment Proposal”) to
TMAC’s amended and restated certificate of incorporation (the
“Charter”) and an amendment to the investment management trust
agreement, dated February 2, 2021, by and between the Company and
Continental Stock Transfer and Trust Company, as trustee (the
“Trust Amendment Proposal”), which would, if implemented, allow
TMAC to redeem all of its outstanding Class A common stock (the
“Public Shares”) on or prior to December 30, 2022 in advance of the
contractual termination date of February 5, 2023 and liquidate the
trust account maintained for the benefit of the public
stockholders.
Stockholders of record as of the record date
will be able to listen and vote and submit questions pertaining to
the proposals by logging in at
https://www.cstproxy.com/musicacquisition/2022. Stockholders will
need the 12-digit control number that is printed in the box marked
by the arrow on the stockholder’s proxy card for the meeting to
enter the virtual special meeting website. A technical support
number will become available at the virtual meeting link 10 minutes
prior to the scheduled meeting time.
For more information, please see the definitive
proxy statement filed with the SEC on November 3, 2022.
Pursuant to TMAC’s Charter, a public stockholder
may request that TMAC redeem all or a portion of such stockholder’s
Public Shares for cash if the Charter Amendment Proposal is
approved and the Charter is amended. Specific procedures regarding
redemptions can be found in the definitive proxy statement. Holders
of TMAC units (NYSE: TMAC.U) must elect to separate the underlying
Public Shares (NYSE: TMAC) and public warrants prior to exercising
redemption rights with respect to the Public Shares. There will be
no redemption rights or liquidating distributions with respect to
the warrants, which will expire worthless at the amended
termination date if the Charter Amendment Proposal is approved and
the Charter is amended. Stockholders are encouraged to contact
their brokerage firm or bank or TMAC’s transfer agent for
additional information regarding redemption procedures.
Forward-Looking Statements
The foregoing communication includes certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
relating to the proposed early redemption of the Company's public
shares and related liquidation of the trust account. These
forward-looking statements involve many risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied by such statements, including, without
limitation, the receipt of the requisite stockholder approval to
effect this proposed transaction. These forward-looking statements
speak only as of the date of the foregoing communication, and the
Company expressly disclaims any obligation or undertaking to
disseminate any updates or revisions to any forward-looking
statement contained herein to reflect any change in its
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.
Please refer to the publicly filed documents of the Company,
including its most recent Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q, for risks and uncertainties related to the
Company’s business which may affect the statements made in this
communication.
Additional Information
Nothing in the foregoing communication shall
constitute a solicitation to buy or an offer to sell any of the
Company’s securities. The Company’s stockholders and other
investors are urged to read the definitive proxy statement (which
has been filed with the SEC) because it contains important
information relating to the proposed transaction. Copies of the
Company’s SEC filings are available free of charge at the SEC’s
website (http://www.sec.gov). Copies of the filings together with
the materials incorporated by reference therein will also be
available, without charge, by directing a request to: The Music
Acquisition Corporation, 9000 W. Sunset Blvd #1500, Hollywood, CA
90069, email: info@musicacquisition.com, telephone: (747)
203-7219.
Participants in a Solicitation
The directors and executive officers of TMAC and
other persons may be deemed to be participants in the solicitation
of proxies in respect of any proposals relating to the proposed
transaction. Information regarding the directors and executive
officers of TMAC is available in its definitive proxy statement,
which was filed with the SEC on November 3, 2022. Other information
regarding the participants in the proxy solicitation and a
description of their direct and indirect interests, by security
holdings or otherwise, is available in the proxy materials
regarding the proposed transaction. Free copies of these documents
may be obtained as described in the preceding paragraph.
About The Music Acquisition Corporation
The Music Acquisition Corporation is a blank
check company incorporated for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses or entities. The Company focused its efforts on
identifying a prospective target business either directly or
indirectly connected with the music sector, with particular
emphasis on businesses where its significant strategic and
operational expertise and long-standing position within the music
industry would be a value-additive proposition to potential target
businesses, though it was permitted to pursue targets in any
industry or geographic region.
Investor Relations Contact
Investor RelationsThe Music Acquisition Corporation9000 W.
Sunset Blvd #1500, Hollywood, CA 90069E-mail:
info@musicacquisition.comTelephone: (747) 203-7219
The Music Acquisition (NYSE:TMAC)
Historical Stock Chart
From Dec 2024 to Jan 2025
The Music Acquisition (NYSE:TMAC)
Historical Stock Chart
From Jan 2024 to Jan 2025