Environmental Solutions Group Holdings Limited (“ESGL”) today
announced that Mr. Lawrence Law, Chief Growth and Sustainability
Officer and Director at ESGL and Mr. Samuel Lui, President, Chief
Financial Officer, and Director of Genesis Unicorn Acquisition
Corp. (NASDAQ: GENQ), will participate in a fireside chat hosted by
IPO Edge and Palm Beach Hedge Fund Association on Tuesday, April 11
at 10:00 am ET. ESGL, through its operating entity in Singapore,
Environmental Solutions (Asia) Pte. Ltd. (“ESA”), is a sustainable
waste solutions provider whose mission is to recycle industrial
waste into circular products using innovative technologies and
renewable energy.
On November 30, 2022, Genesis Unicorn Capital
Corp. (the “Company”), a special purpose acquisition company,
announced that it had signed a definitive merger agreement with
ESGL. In connection with the proposed transaction, ESGL Holdings
Limited (“PubCo”) has filed a registration statement on Form F-4
(the “Registration Statement”) with the U.S. Securities and
Exchange Commission (“SEC”), which Registration Statement also
includes a proxy statement of the Company.
The live fireside chat event will be hosted by
IPO Edge Editor-in-Chief John Jannarone and Editor-at-Large
Jarrett Banks in a moderated video session lasting approximately 60
minutes, including a Q&A with the audience.
To register, CLICK HERE
As Southeast Asia has become a new hub for
global supply chains, the environmental cost has continued to mount
as higher volumes of hazardous waste and plastics meet
underdeveloped waste systems. ESGL is helping to transition to a
circular, carbon-neutral economic model by converting hazardous and
non-hazardous industrial waste into circular products that help
multinational corporations like Shell and Micron meet
environmental, social and governance mandates.
The fireside chat will explore:
- What
is the scale of hazardous and plastic waste issues in ASEAN?
- How
is the regulatory environment changing, and what is the scale of
investment to meet waste treatment and carbon-zero goals?
- Who
are ESGL’s current customers, and how are they reducing their
environmental impact?
- What
is ESGL’s business model, and how does the management plan to
expand in their current home base of Singapore and across Southeast
Asia?
- Why is this the right time for ESGL
to go public, and why did Genesis Unicorn choose to partner with
them?
Lawrence Law, Chief Growth
and Sustainability Officer and Director, ESGL
Mr. Law co-founded NewOil Solutions Pte Ltd in
July 2020, a chemical recycling company. Mr. Law is an
Internationally Certified Practicing Management Consultant
registered with Singapore Business Advisors and Consultants Council
(SBACC). He currently sits on the board of consultants for Diageo
plc’s carbon-neutral whisky distillery investment in China and has
taken on various leadership positions at Diageo plc since June
2011. From January 2005 to August 2008, Mr. Law served as regional
client services director at Young and Rubicam Brands Ltd, one of
the advertising groups owned by WPP plc, an advertising and media
conglomerate. Mr. Law received a Bachelor of Business
Administration from the National University of Singapore in 1999
and an Executive Master of Business Administration from INSEAD
Business School in 2021.
Samuel Lui, President, Chief
Financial Officer, and Director, Genesis Unicorn Acquisition
Corp.
Mr. Lui has over 24 years of experience in
capital markets, investment banking, private equity, accounting,
and auditing. Since July 2016, he has been the founder and managing
director of LV Capital Limited, a private investment company
focused on later-stage/pre-IPO investments. He specializes in
helping investee companies list on major exchanges such as NASDAQ
and The Stock Exchange of Hong Kong Limited. Mr. Lui was a director
within the financial sponsors’ group of the investment banking
division of Merrill Lynch in Hong Kong and Singapore. Prior to
that, Mr. Lui worked at ABN AMRO Bank N.V., Société Générale Asia
Limited, and The Hongkong and Shanghai Banking Corporation Limited.
Earlier, Mr. Lui worked in the audit and corporate finance
departments of Arthur Andersen and Ernest & Young in Singapore.
Mr. Lui obtained a bachelor’s degree in accountancy from Nanyang
Technological University in Singapore in July 1998. Mr. Lui has
been a member of the Institute of Singapore Chartered Accountants
since October 2002.
About Environmental Solutions Group
Holdings Limited
ESGL is a holding company incorporated as an
exempted company under the laws of the Cayman Islands. ESGL
conducts all of its operations through its operating entity
incorporated in Singapore, ESA. ESA is a waste management,
treatment and recycling company involved in the collection and
recycling of hazardous and non-hazardous industrial waste from
customers such as pharmaceutical, semiconductor, petrochemical,
processing and electroplating companies. ESA currently has two
revenue streams, including 1) waste services income which is
primarily comprised of fees it charges its customers for waste
collection and disposal services, and 2) the sales and trading of
ESA’s circular products made from recycled waste, which ESA
believes makes it a unique and environmentally friendly offering in
the marketplace.
About Genesis Unicorn Capital Corp.
Genesis Unicorn Capital Corp. is a special
purpose acquisition company, or SPAC, formed for the purpose of
effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses or entities. For more information, please
visit www.genesisunicorn.com for Company filings.
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements in this press release may be
considered contain certain “forward-looking statements” within the
meaning of “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements can be
identified by words such as: “target,” “believe,” “expect,” “will,”
“shall,” “may,” “anticipate,” “estimate,” “would,” “positioned,”
“future,” “forecast,” “intend,” “plan,” “project” and other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. Examples of
forward-looking statements include, among others, statements made
in this press release regarding the proposed transactions (the
“Merger”) contemplated by the Agreement and Plan of Merger (the
“Merger Agreement”) among the Company, PubCo, ESGH Merger Sub Corp.
(“Merger Sub”) and ESGL. Forward-looking statements are neither
historical facts nor assurances of future performance. Instead,
they are based only on the Company and ESGL managements’ current
beliefs, expectations and assumptions. Because forward-looking
statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict and many of which are outside of our control.
Actual results and outcomes may differ materially from those
indicated in the forward-looking statements. Therefore, you should
not rely on any of these forward-looking statements. Important
factors that could cause actual results and outcomes to differ
materially from those indicated in the forward-looking statements
include, among others, the following: (1) the occurrence of any
event that could give rise to the termination of the Merger
Agreement; (2) the outcome of any legal proceedings that may be
instituted against the Company, the combined company or others; (3)
the inability to complete the Merger, including due to the failure
to obtain approval of the Company’s stockholders or to satisfy
conditions to closing in the Merger Agreement; (4) the failure to
obtain financing to fund the combined company’s operations and
growth following the closing of the Merger; (5) the amount of
redemption requests made by the Company s stockholders; (6) changes
to the proposed structure of the Merger that may be required or
appropriate as a result of applicable laws; (7) the ability to meet
Nasdaq listing standards following the consummation of the Merger;
(8) the risk that the Merger disrupts current plans and operations
of ESGL as a result of the announcement and consummation of the
Merger; (9) the ability to recognize the anticipated benefits of
the Merger, which may be affected by, among other things,
competition, the ability of the combined company to grow and manage
growth profitably, maintain relationships with third parties and
partners and retain its management and key employees; (10) costs
related to the Merger; (11) changes in applicable laws or
regulations; (12) the possibility that ESGL or the combined company
may be adversely affected by other economic, business, regulatory,
and/or competitive factors; (13) the availability of capital and
ESGL estimates of expenses; (14) changes in the assumptions
underlying ESGL’s expectations regarding its future business or
business model; and (15) and other risks and uncertainties set
forth in the section entitled “Risk Factors” and “Cautionary Note
Regarding Forward-Looking Statements” in the Registration
Statement, and other documents filed or to be filed from time to
time with the SEC by the Company.
A further list and description of risks and
uncertainties can be found in the Form 10-K (as defined below) and
in the Registration Statement that has been filed with the SEC by
PubCo in connection with the proposed transaction, and other
documents that the parties may file or furnish with the SEC, which
you are encouraged to read. Any forward-looking statement made by
us in this press release is based only on information currently
available to the Company, ESGL and PubCo and speaks only as of the
date on which it is made. The Company, ESGL and PubCo undertake no
obligation to publicly update any forward-looking statement,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments or
otherwise, except as required by law.
Important Information about the Transaction and Where to
Find It
In connection with the proposed transactions
described herein, PubCo has filed the Registration Statement, which
Registration Statement also includes a proxy statement of the
Company. Promptly after the Registration Statement is declared
effective, the Company will mail the definitive proxy statement and
a proxy card to each stockholder entitled to vote at the special
meeting relating to the proposed transaction. INVESTORS AND
SECURITYHOLDERS OF THE COMPANY ARE URGED TO READ THESE MATERIALS
(INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER
RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTION THAT
THE COMPANY OR PUBCO WILL FILE WITH THE SEC WHEN THEY BECOME
AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE COMPANY, ESGL, PUBCO AND THE PROPOSED TRANSACTION. The
Registration Statement, definitive proxy statement, the preliminary
proxy statement and other relevant materials in connection with the
proposed transaction (when they become available), and any other
documents filed by the Company with the SEC, may be obtained free
of charge at the SEC’s website (www.sec.gov) or by writing to
Genesis Unicorn Capital Corp., 281 Witherspoon Street, Suite 120,
Princeton, New Jersey.
Participants in the Solicitation
The Company, ESGL and their respective
directors, executive officers and employees and other persons may
be deemed to be participants in the solicitation of proxies from
the holders of shares of the Company’s common stock in respect of
the proposed transaction described herein. Information about the
Company’s directors and executive officers and their ownership of
the Company’s common stock is set forth in the Company’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2022
(the “Form 10-K”) and the final prospectus dated February 14, 2022
relating to the IPO, as modified or supplemented by any Form 3 or
Form 4 filed with the SEC since the date of such filing. Other
information regarding the interests of the participants in the
proxy solicitation will be included in the proxy statement
pertaining to the proposed transaction when it becomes available.
These documents can be obtained free of charge from the sources
indicated below.
No Offer or Solicitation
This communication is for informational purposes
and is not intended to, and shall not, constitute an offer to sell
or the solicitation of an offer to sell or the solicitation of an
offer to buy any securities or a solicitation of any vote of
approval, nor shall there be any sale 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.
Investor / Media Contact:
Crocker CoulsonCEO, AUM Media, Inc.(646) 652
7185crocker.coulson@aummedia.org
ESGL Contact:
Lawrence LawChief Sustainability and Growth OfficerEnvironmental
Solutions Group Holdings Limited (65) 6653 2299
lawrence.law@env-solutions.com
Genesis Unicorn Capital Corp. Contact:
Samuel LuiPresident & CFO(609)
466-0792Samuel.lui@genesisunicorn.com
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