NEW
YORK, June 1, 2022 /PRNewswire/ -- North
Atlantic Acquisition Corporation ("NAAC") (Nasdaq: NAAC) announces
that it has postponed NAAC's extraordinary general meeting of
shareholders (the "Extraordinary Meeting") scheduled to be held
today. A revised date for the Extraordinary Meeting will be
announced in due course.
About North Atlantic Acquisition Corporation
NAAC is a blank check company, also commonly referred to as a
SPAC, formed for the purpose of effecting a business combination
with a company with global ambition, with a primary focus on the
consumer, industrials and TMT sectors in Europe or North
America, where its Board of Directors has multiple decades
of experience.
About TeleSign
TeleSign provides continuous trust to leading global enterprises
by connecting, protecting and proactively defending their digital
identities. TeleSign verifies over five billion unique phone
numbers a month, representing half of the world's mobile users, and
provides critical insight into the remaining billions. The
company's powerful AI and extensive data science deliver identity
with a unique combination of speed, accuracy and global reach.
TeleSign solutions prevent fraud, secure communications and enable
the digital economy by allowing companies and customers to engage
with confidence. Learn more at www.telesign.com and follow us on
Twitter at @TeleSign.
Important Information and Where to Find It
NAAC filed the definitive proxy statement/prospectus with the
U.S. Securities and Exchange Commission ("SEC") in connection with
the proposed Business Combination. The definitive proxy
statement/prospectus has been sent to all NAAC shareholders and
NAAC and TeleSign will also file other documents regarding the
proposed business combination with the SEC. NAAC shareholders and
other interested parties are urged to read the definitive proxy
statement/prospectus and any other documents filed with the SEC
carefully and in their entirety when they become available because
they will contain important information about NAAC, TeleSign and
the proposed transactions. NAAC shareholders and other interested
parties may obtain free copies of the definitive proxy
statement/prospectus and other documents filed with the SEC by NAAC
through the website maintained by the SEC at http://www.sec.gov or
by directing a request to: North Atlantic Acquisition Corporation,
c/o McDermott Will & Emery LLP,
One Vanderbilt Avenue, New York, New
York 10017.
Participants in the Solicitation
NAAC and its directors and executive officers may be considered
participants in the solicitation of proxies with respect to the
proposed transactions. Information about the directors and
executive officers of NAAC is set forth in its definitive proxy
statement/prospectus, filed with the SEC on April 19, 2022. Additional information regarding
the participants in the definitive proxy statement/prospectus and a
description of their direct and indirect interests, by security
holdings or otherwise, is included in the definitive proxy
statement/prospectus and other relevant materials to be filed with
the SEC regarding the proposed transactions when they become
available. NAAC shareholders and other interested persons should
read the definitive proxy statement/prospectus carefully before
making any voting decisions. These documents can be obtained free
of charge from the sources indicated above.
No Offer or Solicitation
This communication is not intended to and does not constitute an
offer to sell or the solicitation of an offer to subscribe for or
buy or an invitation to purchase or subscribe for any securities or
the solicitation of any vote in any jurisdiction pursuant to the
proposed transaction or otherwise, nor shall there be any sale,
issuance or transfer of securities in any jurisdiction in
contravention of applicable law. Subject to certain exceptions to
be approved by the relevant regulators or certain facts to be
ascertained, the public offer will not be made directly or
indirectly, in or into any jurisdiction where to do so would
constitute a violation of the laws of such jurisdiction, or by use
of the mails or by any means or instrumentality (including
facsimile transmission, telephone and the internet) of interstate
or foreign commerce, or any facility of a national securities
exchange, of any such jurisdiction.
Forward-Looking Statements
This communication includes
certain statements that are not historical facts but are
forward-looking statements for purposes of the safe harbor
provisions under the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as "believe," "may," "will," "estimate,"
"continue," "anticipate," "intend," "expect," "should," "would,"
"plan," "predict," "potential," "seem," "seek," "future,"
"outlook," and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of revenue and other
financial and performance metrics and projections of market
opportunity and expectations, NAAC's ability to enter into
definitive agreements or consummate a transaction with TeleSign;
NAAC's ability to obtain the financing necessary consummate the
proposed transactions; and the expected timing of completion of the
proposed transactions. These statements are based on various
assumptions and on the current expectations of NAAC's and
TeleSign's management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of NAAC and
TeleSign. These forward-looking statements are subject to a number
of risks and uncertainties, including general economic, financial,
legal, political and business conditions and changes in domestic
and foreign markets; the inability of the parties to enter into
definitive agreements or successfully or timely consummate the
proposed transactions or to satisfy the other conditions to the
closing of the proposed transactions, including the risk that any
required regulatory approvals are not obtained, are delayed or are
subject to unanticipated conditions that could adversely affect the
combined company; the risk that the approval of the NAAC
shareholders for the proposed transactions is not obtained; failure
to realize the anticipated benefits of the proposed transactions,
including as a result of a delay in consummating the proposed
transaction or difficulty in, or costs associated with, integrating
the businesses of NAAC and TeleSign; the amount of redemption
requests made by the NAAC shareholders; the occurrence of events
that may give rise to a right of one or both of NAAC and TeleSign
to terminate the Merger Agreement; risks related to the rollout of
TeleSign' business and the timing of expected business milestones;
the effects of competition on TeleSign' business; and those factors
discussed in NAAC Holdco Inc.'s registration statement on Form S-4
(Registration Number 333-263723), as amended, initially filed with
the SEC on March 18, 2022, under the
heading "Risk Factors," and other documents of NAAC filed, or to be
filed, with the SEC. If the risks materialize or assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that neither NAAC nor TeleSign presently know or
that NAAC and TeleSign currently believe are immaterial that could
also cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect NAAC's and TeleSign' expectations, plans or forecasts of
future events and views as of the date of this communication. NAAC
and TeleSign anticipate that subsequent events and developments
will cause their assessments to change. However, while NAAC and
TeleSign may elect to update these forward-looking statements at
some point in the future, NAAC and TeleSign specifically disclaim
any obligation to do so. These forward-looking statements should
not be relied upon as representing NAAC's or TeleSign' assessments
as of any date subsequent to the date of this communication.
Accordingly, undue reliance should not be placed upon the
forward-looking statements.
View original
content:https://www.prnewswire.com/news-releases/north-atlantic-acquisition-corporation-announces-postponement-of-extraordinary-general-meeting-of-shareholders-301558836.html
SOURCE North Atlantic Acquisition Corporation (NAAC)