Filed by Transfix Holdings, Inc.
Pursuant to Rule 425
under the Securities Act of 1933
and deemed filed pursuant
to Rule 14a-12
under the Securities Exchange
Act of 1934
Subject Company: G Squared
Ascend I Inc.
Commission File No.: 001-39981
Date: December 2 2021
CISION - PR Newswire
Transfix Expands Leadership Team With Seasoned
Industry Hires
December 2, 2021
--
Guy Byars, Senior Vice President of Carrier Growth, brings 20 years of freight experience both in asset and brokerage operations and sales
--
--
Jennifer Mosso, Vice President of Shipper Growth, joins Transfix after spending 15+ years leading teams at industry leading logistics
companies --
NEW
YORK, Dec. 2, 2021 /PRNewswire/ -- Transfix Inc. ("Transfix"), a leading, next-generation digital freight platform, today
announced the addition of Guy Byars as Senior Vice President of Carrier Growth, and Jennifer Mosso as Vice President of Shipper Growth.
Byars
brings two decades of freight experience, previously having built a $100MM+ brokerage division for Echo and Jones, and leading Schneider
National and C.A.T. Global Inc. to scale and grow their technological footprints. "Twenty years ago the industry was slow to change
and adopt technology; over a decade ago electronic logs effected a sea change in how logistics entwines with technology. Today, Transfix
stands apart with its focus on bridging customer value via carrier and driver-focused optimizations," explained Byars. "I eagerly
anticipate exploring how our broad brokerage experience will align with the brilliant team at Transfix as we simplify adaptation for our
partner carriers and customers."
Mosso
adds deep experience in brokerage operations, supply chain optimization, solution design, customer growth, team building, and commercial
leadership. "Transfix's commitment to transparency and relationships, alongside its focus on technology and automation, is what sets
us apart from competitors in the industry," said Mosso. "I'm thrilled to be joining a dynamic team, and look forward to creating
actionable solutions and services that add significant value to customers' supply chains."
"We're
at an incredible moment in our company's history, primed for continued growth and scale in an industry ripe for our tech and service solutions,"
said Lily Shen, CEO and President of Transfix. "The knowledge and relationships that Guy and Jennifer bring to the table, combined
with their passion for infusing technology into the industry, positions us to double down on customer experience and help our partners
thrive, no matter the market conditions."
Most
recently, Byars served as VP of Jones Logistics, prior to that, VP of C.A.T. Global Inc., and held various management roles at Echo Global
Logistics and Schneider National. He earned a Bachelor of Business Administration degree from Kansas State University.
Mosso
previously served as VP of Enterprise Sales & Services, and VP of Enterprise Business Development at BNSF Logistics. Prior to
that, she held the title of Director of Strategic Sales at C.H. Robinson, and various other leadership roles at the company. She earned
a Bachelor of Business Administration degree from the University of Oklahoma.
Transfix's
digital freight platform - powered by its proprietary technology, AI, and automation and underpinned with world-class operations - is
transforming the traditional and digital freight sector, bringing together the world's best shippers and carriers, and delivering a transparent,
trusted, and sustainable freight ecosystem. Transfix works with some of the largest Fortune 500 companies as well as mid- and small sized
shippers, and has built a strong carrier community across the U.S.
As
announced on September 21, 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
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") has filed a registration statement on Form S-4
(the "Registration Statement") with the Securities and Exchange Commission (the "SEC"). The Registration Statement
includes 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 differ 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, and Quarterly Reports on Form 10-Q, 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 8, 2021. G Squared Ascend I's SEC filings are available publicly on the SEC's website at www.sec.gov.
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