NEW YORK, Nov. 4, 2015 /PRNewswire/ -- ROI Acquisition
Corp. II (NASDAQ: ROIQ; ROIQW; ROIQU) (the "Company") announced
today that it has terminated the merger agreement with Ascend
Telecom Holdings Limited as of November 2,
2015. As previously announced, the Company plans to redeem
all of its public shares for a per share amount of approximately
$10.00 per share. The public shares
ceased trading as of the open of business on October 26, 2015, in order to allow time for the
settlement of trades. As of the close of business on October 30, 2015, the Public Shares were deemed
cancelled and represent only the right to receive the redemption
amount. The redemption amount will be payable to the holders of
record of the public shares (including the public shares included
in the Company's units) upon presentation of their stock or unit
certificates or other delivery of their shares or units. Beneficial
owners of public shares held in "street name," however, will not
need to take any action in order to receive the redemption
amount.
There will be no redemption rights with respect to the Company's
warrants. The Company's initial shareholders have waived their
redemption rights with respect to their founder shares issued prior
to the Company's initial public offering.
Forward Looking Statements
This press release may include "forward-looking statements"
within the meaning of the "safe harbor" provisions of the United
States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as "anticipate", "believe", "expect", "estimate", "plan",
"outlook", and "project" and other similar expressions that predict
or indicate future events or trends or that are not statements of
historical matters. A number of factors could cause actual results
or outcomes to differ materially from those indicated by such
forward-looking statements. Readers are cautioned not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made, and the Company undertakes no obligation
to update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise. All
forward-looking statements are qualified in their entirety by this
cautionary statement.
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SOURCE ROI Acquisition Corp. II