- Special meeting of FinServ Acquisition Corp.’s stockholders to
approve the proposed business combination with Katapult Holdings,
Inc. to be held on June 7, 2021
- Following closing, combined company stock and warrants will
trade under the ticker symbols “KPLT” and “KPLTW”,
respectively
FinServ Acquisition Corp., Inc. (“FinServ”) (NASDAQ: FSRV)
announced today that the U.S. Securities and Exchange Commission
(the “SEC”), has declared effective its Registration Statement on
Form S-4 (as amended, the “Registration Statement”), which includes
a definitive proxy statement/prospectus in connection with
FinServ’s special meeting of stockholders (the “Special Meeting”)
to approve the proposed business combination with Katapult
Holdings, Inc. (“Katapult”).
FinServ Acquisition Corp.’s stockholders of record at the close
of business on May 11, 2021 (the “Record Date”) are entitled to
receive notice of the Special Meeting and to vote the shares of
common stock of FinServ owned by them at the Special Meeting. The
Special Meeting will be held on June 7, 2021, at 2:00 p.m. Eastern
Time, via a virtual meeting at the following address:
https://www.cstproxy.com/finservacquisition/sm2021. Registration
will begin on June 3, 2021 at 9:00 a.m. Eastern Time. FinServ
Acquisition Corp. stockholders entitled to vote at the Special
Meeting will need the control number that is printed on their
respective proxy cards to enter the Special Meeting.
About Katapult
Katapult is a next generation platform for digital and
mobile-first commerce for the nonprime consumer. Katapult provides
POS lease purchase options for consumers challenged with accessing
traditional financial products who are seeking to obtain everyday
durable goods. The Company has developed a sophisticated end-to-end
technology platform that enables seamless integration with
merchants, underwriting capabilities that exceed the industry
standard, and exceptional customer experiences.
About FinServ Acquisition Corp.
FinServ Acquisition Corp. is a special purpose acquisition
company formed for the purpose of acquiring or merging with one or
more businesses or entities in the financial services industry or
businesses providing technology services to the financial services
industry.
The company raised $250,000,000 in its initial public offering
in November 2019 and is listed on the NASDAQ under the symbol
“FSRV”.
Information on FinServ Acquisition Corp. II (Ticker: FSRXU) can
be found at https://www.finservacquisition2.com/.
Forward-Looking Statements
Certain statements included in this Press Release that are not
historical facts 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 other financial and
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 Katapult’s and FinServ’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 Katapult and
FinServ. These forward-looking statements are subject to a number
of risks and uncertainties, including changes in domestic and
foreign business, market, financial, political and legal
conditions; the inability of the parties to successfully or timely
consummate the proposed 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 proposed
transaction or that the approval of the stockholders of FinServ or
Katapult is not obtained; failure to realize the anticipated
benefits of the proposed transaction; risks relating to the
uncertainty of the projected financial information with respect to
Katapult; risks related to the concentration of Katapult’s business
among a relatively small number of merchants; the effects of
competition on Katapult’s future business; the impact of the
COVID-19 pandemic on Katapult’s business; the ability of FinServ or
the combined company to issue equity or equity-linked securities or
obtain debt financing in connection with the proposed transaction
or in the future, and those factors discussed in FinServ’s final
prospectus dated October 31, 2019 and Annual Report on Form 10-K
for the fiscal year ended December 31, 2019, in each case, under
the heading “Risk Factors,” and other documents of FinServ filed,
or to be filed, with the Securities and Exchange Commission
(“SEC”). 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 none of FinServ or Katapult presently know or
that FinServ or Katapult 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 FinServ’s and Katapult’s expectations, plans or
forecasts of future events and views as of the date of this Press
Release. FinServ and Katapult anticipate that subsequent events and
developments will cause FinServ’s and Katapult’s assessments to
change. However, while FinServ and Katapult may elect to update
these forward-looking statements at some point in the future,
FinServ and Katapult specifically disclaim any obligation to do so.
These forward-looking statements should not be relied upon as
representing FinServ’s and Katapult’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.
Certain market data information in this Press Release is based on
the estimates of Katapult and FinServ management. Katapult and
FinServ obtained the industry, market and competitive position data
used throughout this Press Release from internal estimates and
research as well as from industry publications and research,
surveys and studies conducted by third parties. Katapult and
FinServ believe their estimates to be accurate as of the date of
this Press Release. However, this information may prove to be
inaccurate because of the method by which Katapult or FinServ
obtained some of the data for its estimates or because this
information cannot always be verified due to the limits on the
availability and reliability of raw data, the voluntary nature of
the data gathering process.
Additional Information
In connection with the proposed business combination between
Katapult Holdings, Inc. and FinServ Acquisition Corp., Inc.,
FinServ has filed with the SEC a definitive proxy statement /
prospectus and will mail the definitive proxy statement /
prospectus and other relevant documentation to FinServ
stockholders. FinServ stockholders and other interested persons are
advised to read the definitive proxy statement / prospectus in
connection with FinServ’s solicitation of proxies for the special
meeting to be held to approve the transactions contemplated by the
proposed business combination because these materials contain
important information about Katapult, FinServ and the proposed
transactions. The definitive proxy statement / prospectus will be
mailed to FinServ stockholders as of May 11, 2021. Stockholders are
able to obtain a copy of the definitive proxy statement /
prospectus, without charge, at the SEC’s website at
http://sec.gov.
No Offer or Solicitation
This press release does not constitute an offer to sell or a
solicitation of an offer to buy, or the solicitation of any vote or
approval in any jurisdiction in connection with a proposed
potential business combination among Katapult and FinServ or any
related transactions, nor shall there be any sale, issuance or
transfer of securities in any jurisdiction where, or to any person
to whom, such offer, solicitation or sale may be unlawful. Any
offering of securities or solicitation of votes regarding the
proposed transaction will be made only by means of a proxy
statement/prospectus that complies with applicable rules and
regulations promulgated under the Securities Act of 1933, as
amended (the “Securities Act”) and Securities Exchange Act of 1934,
as amended or pursuant to an exemption from the Securities Act or
in a transaction not subject to the registration requirements of
the Securities Act.
Participants in the Solicitation
FinServ and Katapult and their respective directors and certain
of their respective executive officers and other members of
management and employees may be considered participants in the
solicitation of proxies with respect to the proposed transaction.
Information about the directors and executive officers of FinServ
in its Annual Report on Form 10-K, filed with the SEC on March 27,
2020. Additional information regarding the participants in the
proxy solicitation and a description of their direct interests, by
security holdings or otherwise, are set forth in the proxy
statement/prosectus and other relevant materials to be filed with
the SEC regarding the proposed transaction. Stockholders, potential
investors and other interested persons should read the proxy
statement/prospectus carefully before making any voting or
investment decisions. These documents can be obtained free of
charge from the sources indicated above.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210519005971/en/
Katapult Media Contact Brian Ruby ICR for Katapult 203-682-8268
Katapult-PR@icrinc.com
Katapult Investor Contact William Maina ICR for Katapult
646-277-1236 Katapult-IR@icrinc.com
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