Shapeways, Inc, (“Shapeways” or “the Company”) a leading global
digital manufacturing platform driven by proprietary software,
today announced its participation in the following upcoming
investor events:
Needham Technology & Media Conference on Wednesday,
May 19th. The virtual presentation is scheduled for 8:45 a.m. EDT
and can be viewed at this Link
Shapeways has entered into a definitive business combination
agreement with Galileo Acquisition Corp. (NYSE: GLEO). The
combined company will be named Shapeways Holdings, Inc. and is
expected to remain on the NYSE under the new ticker symbol,
“SHPW”.
Interested parties attending this event who would like to
schedule a meeting with Shapeways should contact their Needham
representative.
About Shapeways
Shapeways’ digital manufacturing platform offers customers
access to high quality manufacturing from start to finish through
automation, innovation and digitization. The company’s
purpose-built software, wide selection of materials and
technologies, and global supply chain lower manufacturing barriers
and speed delivery of quality products. Shapeways’ digital
manufacturing services have empowered more than one million
customers worldwide to produce more than 21 million parts using 11
different technologies and 90 different materials and finishes.
Headquartered in New York City, Shapeways has ISO 9001-compliant
manufacturing facilities in Long Island City, N.Y., and the
Netherlands and a network of innovative partners around the globe.
It was founded in 2008 and spun-out of the Lifestyle Incubator of
Royal Philips Electronics in 2010. Investors include Lux Capital,
Union Square Ventures, Andreessen Horowitz, INKEF Capital, Index
Ventures and Hewlett Packard Ventures.
To learn more, please visit https://www.shapeways.com.
About Galileo Acquisition Corp.
Galileo Acquisition Corp. raised $138 million in October 2019
and its securities are listed on the New York Stock Exchange under
the ticker symbols “GLEO.U”, “GLEO” and “GLEO.WS”. Galileo
is a blank check company organized for the purpose of effecting a
merger, capital stock exchange, asset acquisition, or other similar
business combination with one or more businesses or entities with
an initial focus on targets operating in the Consumer, Retail, Food
and Beverage, Fashion and Luxury, Specialty Industrial, Technology
or Healthcare sectors which are headquartered in Europe or North
America, and that have a European and North American market nexus.
Galileo is led by a serial SPAC sponsor team having successfully
completed four business combinations, plus Shapeways in process.
Its team is composed by seasoned dealmakers with diverse
nationalities, M&A, principal investing and public company
operating experience in both the North American and Western
European markets.
To learn more please, visit http://www.galileospac.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.
All statements, other than statements of present or historical fact
included in this presentation, regarding Galileo’s proposed
acquisition of Shapeways, Galileo’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. These statements are based on various assumptions,
whether or not identified in this press release, and on the current
expectations of the respective management of Shapeways and Galileo
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
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 Shapeways and Galileo. 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 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 Galileo or Shapeways is not obtained; a default by one or more
of the investors in the PIPE on its commitment, and Galileo's
failure to retain sufficient cash in its trust account or find
replacement financing in order to meet the $100 million minimum
cash condition in the Merger Agreement; failure to realize the
anticipated benefits of the proposed transaction; risks relating to
the uncertainty of the projected financial information with respect
to Shapeways; risks related to the rollout of Shapeways’ business
and the timing of expected business milestones; the effects of
competition on Shapeways’ business; the amount of redemption
requests made by Galileo’s stockholders; the ability of Galileo or
Shapeways 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 Galileo’s final
prospectus dated October 17, 2019 under the heading “Risk Factors,”
and other documents Galileo has filed, or will file, with the 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 neither Galileo nor Shapeways presently know,
or that Galileo nor Shapeways 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 Galileo’s and Shapeways’ expectations, plans, or
forecasts of future events and views as of the date of this press
release. Galileo and Shapeways anticipate that subsequent events
and developments will cause Galileo’s and Shapeways’ assessments to
change. However, while Galileo and Shapeways may elect to update
these forward-looking statements at some point in the future,
Galileo and Shapeways specifically disclaim any obligation to do
so. These forward-looking statements should not be relied upon as
representing Galileo’s and Shapeways’ assessments of any date
subsequent to the date of this press release. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Important Information for Investors and Stockholders
In connection with the proposed transaction, Galileo will file a
registration statement on Form S-4 (the “Registration Statement”)
with the SEC, which will include a preliminary proxy statement to
be distributed to holders of Galileo’s common stock in connection
with Galileo’s solicitation of proxies for the vote by Galileo’s
stockholders with respect to the proposed transaction and other
matters as described in the Registration Statement, as well as the
prospectus relating to the offer of securities to be issued to
Shapeways’ stockholders in connection with the proposed
transaction. After the Registration Statement has been filed and
declared effective, Galileo will mail a definitive proxy statement,
when available, to its stockholders. Investors and security holders
and other interested parties are urged to read the proxy
statement/prospectus, any amendments thereto and any other
documents filed with the SEC carefully and in their entirety when
they become available because they will contain important
information about Galileo, Shapeways and the proposed transaction.
Investors and security holders may obtain free copies of the
preliminary proxy statement/prospectus and definitive proxy
statement/prospectus (when available) and other documents filed
with the SEC by Galileo through the website maintained by the SEC
at http://www.sec.gov, or through Galileo’s website at
www.galileospac.com. The information contained on, or that may be
accessed through, the websites referenced in this press release is
not incorporated by reference into, and is not a part of, this
press release
Non-Solicitation
Galileo and its directors and officers may be deemed
participants in the solicitation of proxies of Galileo’s
shareholders in connection with the proposed business combination.
Security holders may obtain more detailed information regarding the
names, affiliations and interests of certain of Galileo’s executive
officers and directors in the solicitation by reading Galileo’s
final prospectus filed with the SEC on October 17, 2019, the
registration statement / proxy statement and other relevant
materials filed with the SEC in connection with the business
combination when they become available. Information concerning the
interests of Galileo’s participants in the solicitation, which may,
in some cases, be different than those of their stockholders
generally, will be set forth in the registration statement / proxy
statement relating to the business combination when it becomes
available. Contacts:
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210518005175/en/
Shapeways Investor
Relations investors@shapeways.com
Galileo Acquisition Corp.
Alberto.Recchi@galileospac.com Alberto Recchi, Chief Financial
Officer
Media Relations press@shapeways.com
Galileo Acquisition (NYSE:GLEO)
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