RED BANK, N.J., May 17, 2018 /PRNewswire/ -- ZAIS Group Holdings,
Inc. (NASDAQ: ZAIS) ("ZAIS" or the "Company") today announced that,
at its annual meeting of stockholders held today, the stockholders
of the Company voted to adopt the Agreement and Plan of Merger (the
"Merger Agreement"), dated as of January 11,
2018, by and among the Company, ZGH Merger Sub, Inc., a
wholly-owned subsidiary of the Company ("Merger Sub"), and Z
Acquisition LLC, a Delaware
limited liability company of which Christian Zugel, the Company's Chairman and
Chief Investment Officer, is the sole managing member.
Pursuant to the Merger Agreement, Merger Sub will be merged with
and into the Company, with the Company surviving the merger (the
"Merger"). The Merger is expected to close on or about
May 18, 2018.
ABOUT ZAIS GROUP HOLDINGS, INC.
ZAIS owns a majority interest in and is the managing
member of, ZAIS Group Parent, LLC ("ZGP"). ZGP is the sole
member of ZAIS Group, LLC ("ZAIS Group"), an investment advisory
and asset management firm focused on specialized credit strategies
with approximately $4.793 billion of
assets under management as of March 31,
2018. Based in Red Bank, New
Jersey with operations in London, ZAIS Group employs professionals
across investment management, client relations, information
technology, analytics, finance, law, compliance, risk management
and operations. To learn more,
visit www.zaisgroupholdings.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains statements that constitute
"forward-looking statements," as such term is defined in Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, and such
statements are intended to be covered by the safe harbor provided
by the same. These statements are generally identified by the
use of words such as "outlook," "believe," "expect," "potential,"
"continue," "may," "will," "should," "could," "would," "seek,"
"approximately," "predict," "intend," "plan," "estimate,"
"anticipate," "opportunity," "pipeline," "comfortable," "assume,"
"remain," "maintain," "sustain," "achieve" or the negative version
of those words or other comparable words. These
statements are based on management's current expectations and
beliefs and are subject to a number of trends and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. Risks, uncertainties
and other factors include, but are not limited to, those set forth
in the Risk Factors section of the Company's Annual Report on Form
10-K and other reports filed by the Company with the SEC, copies of
which are available on the SEC's website, www.sec.gov. .
Consider those factors carefully in evaluating the forward-looking
statements. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
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SOURCE ZAIS Group Holdings, Inc.