Software-Enabled International Supply Chain
Orchestrator to Discuss Newly Announced Business Combination
Agreement with Evo Acquisition Corp.
20Cube Logistics Pte. Ltd. (“20Cube”), a Singapore-based
software-enabled international supply chain orchestrator, will
present at the LD Micro Main Event XV Conference being held at the
Luxe Sunset Boulevard Hotel in Los Angeles, CA on October 25-27,
2022.
20Cube Chief Executive Officer and Founder Mahesh Niruttan, and
Evo Acquisition Corp. Chief Executive Officer Richard Chisholm and
Managing Director Jason Sausto will conduct in-person one-on-one
meetings and deliver the Company’s presentation which can be viewed
live and via replay at the webcast link below and will also be
available on the 20Cube investor relations website at
ir.20cube.com.
LD Micro Main Event XV Conference Date: October 25-27,
2022 Location: Los Angeles, CA Presentation Time: Wednesday,
October 26, 2022, at 4:30 pm PT (7:30 pm ET) in TRACK 3 Webcast
Registration: https://me22.sequireevents.com/ Format: In-person
1x1’s and Presentations Speakers: 20Cube Chief Executive Officer
and Founder Mahesh Niruttan, and Evo Acquisition Corp. Chief
Executive Officer Richard Chisholm Managing Director Jason Sausto
Conference Website: Click here
For more information on the LD Micro Main Event XV Conference,
or to schedule a one-on-one meeting with 20Cube and Evo Acquisition
management, please contact your conference representative or you
may also email your request to EVOJ@mzgroup.us or call Chris Tyson
at (949) 491-8235.
About 20Cube Logistics Pte. Ltd.
20Cube is a software-enabled international supply chain
orchestrator from purchase order (PO) to point of delivery (POD)
with a technology-driven, proven proprietary system and key
presence at over 60 locations in Asia, Australia and East Africa.
20Cube has over 600 employees. 20Cube was built from the ground up
over the past 10 years on a disruptive software, workflow and
control tower driven platform. 20Cube's platform is centered around
MyHubPlus, which captures data from every part of the supply chain
to provide customers with unprecedented real-time visibility,
alerts, exception management and reporting. Its suite of freight
forwarding, intelligent warehousing/distribution, customs and trade
compliance solutions have resulted in significant savings from
better container utilization, load balancing, predictability and
logistics process management. For more information visit
www.20cube.com.
On October 18, 2022, 20Cube announced that it has entered into a
definitive agreement to become publicly listed through a merger
transaction with Evo Acquisition Corp. (Nasdaq: EVOJ), a publicly
traded special purpose acquisition company. The transaction is
expected to close in the first quarter of 2023. Pubco’s ordinary
shares are expected to be listed on the Nasdaq Capital Market under
the symbol “TCUB”.
About Evo Acquisition Corp.
Evo is a blank check company formed for the purpose of effecting
a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or similar business combination with one
or more businesses. While Evo may pursue an acquisition in any
business industry or sector, it intends to focus its search on
companies in the technology and financial sectors, including
companies with a nexus to Japan. Evo is led by its Chairman,
Michael Lerch, its Chief Executive Officer, Richard Chisholm, its
Chief Financial Officer, Adrian Brindle and Managing Director Jason
Sausto. For more information visit www.evospac.com.
Forward-Looking Statements
Certain statements included in this press release are not
historical facts but are forward-looking statements.
Forward-looking statements generally are accompanied by words such
as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,”
“intend,” “expect,” “should,” “would,” “plan,” “future,” “outlook,”
and similar expressions that predict or indicate future events or
trends or that are not statements of historical matters, but the
absence of these words does not mean that a statement is not
forward-looking. These forward-looking statements include, but are
not limited to, statements regarding estimates and forecasts of
other performance metrics and projections of market opportunity.
These statements are based on various assumptions, whether or not
identified in this press release and on the current expectations of
Evo’s and 20Cube’s respective managements 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 Evo and
20Cube. Some important factors that could cause actual results to
differ materially from those in any forward-looking statements
could include changes in domestic and foreign business, market,
financial, political and legal conditions.
These forward-looking statements are subject to a number of
risks and uncertainties, including, the inability of the parties to
successfully or timely consummate the Transaction, 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 or the expected benefits of
the Transaction, if not obtained; the failure to realize the
anticipated benefits of the Transaction; matters discovered by the
parties as they complete their respective due diligence
investigation of the other parties; the ability of Evo prior to the
Business Combination, and the Combined Company following the
Business Combination, to maintain (in the case of Evo) and to
obtain and maintain (in the case of the Combined Company) the
listing of Evo’s shares prior to the Business Combination, and
following the Business Combination, the Combined Company’s shares
on Nasdaq; costs related to the Transaction; the failure to satisfy
the conditions to the consummation of the Transaction, including
the approval of the Business Combination Agreement by the
respective stockholders of Evo and 20Cube, the risk that the
Transaction may not be completed by the stated deadline and the
potential failure to obtain an extension of the stated deadline;
the inability to complete a PIPE transaction; the outcome of any
legal proceedings that may be instituted against Evo or 20Cube
related to the Transaction; the attraction and retention of
qualified directors, officers, employees and key personnel of Evo
and 20Cube prior to the Business Combination, and the Company
following the Business Combination; the ability of the Combined
Company to compete effectively in a highly competitive market; the
ability to protect and enhance 20Cube’s corporate reputation and
brand; the impact from future regulatory, judicial, and legislative
changes in 20Cube’s’s industry; and, the uncertain effects of the
COVID-19 pandemic or other public health matters; competition from
larger technology companies that have greater resources,
technology, relationships and/or expertise; future financial
performance of the Combined Company following the Business
Combination including the ability of future revenues to meet
projected annual bookings; the ability of the Combined Company to
forecast and maintain an adequate rate of revenue growth and
appropriately plan its expenses; the ability of the Combined
Company to generate sufficient revenue from each of our revenue
streams; the ability of the Combined Company’s patents and patent
applications to protect the Combined Company’s core technologies
from competitors; the Combined Company’s ability to manage a
complex set of marketing relationships and realize projected
revenues from subscriptions, advertisements; product sales and/or
services; 20Cube’s ability to execute its business plans and
strategy; and those factors set forth in documents of Evo or 20Cube
Logistics Solutions Pte. Ltd. filed, or to be filed, with SEC. You
should carefully consider the foregoing factors and the other risks
and uncertainties that will be described in the “Risk Factors”
section of the registration statement on Form F-4 and related proxy
statement and other documents to be filed by Evo or 20Cube
Logistics Solutions Pte. Ltd. from time to time with the SEC. These
filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
The foregoing list of risks is not exhaustive.
If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that neither Evo nor 20Cube presently know or that
Evo or 20Cube 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 Evo’s and 20Cube’s current expectations, plans and
forecasts of future events and views as of the date of this press
release. Nothing in this press release should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You
should not place undue reliance on forward-looking statements in
this press release, which speak only as of the date they are made
and are qualified in their entirety by reference to the cautionary
statements herein and the risk factors of Evo and 20Cube described
above. Evo and 20Cube anticipate that subsequent events and
developments will cause their assessments to change. However, while
Evo and 20Cube may elect to update these forward-looking statements
at some point in the future, they each specifically disclaim any
obligation to do so, except as may be required by law. These
forward-looking statements should not be relied upon as
representing Evo’s or 20Cube’s assessments as of any date
subsequent to the date of this press release. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Non-Solicitation
This press release does not constitute, and should not be
construed to be, a proxy statement or the solicitation of a proxy,
consent or authorization with respect to any securities or in
respect of the proposed business combination and shall not
constitute an offer to sell or a solicitation of an offer to buy
any securities nor shall there be any sale of securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of the United States Securities Act of 1933, as
amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221019005453/en/
20Cube Investor Contact: corporate@20cube.com
Evo Acquisition Corp. Investor Contact: Chris Tyson
949-491-8235 EVOJ@mzgroup.us
Evo Acquisition (NASDAQ:EVOJ)
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