TKK Symphony Acquisition Corporation Announces Extension of Expiration Date of Tender Offer for its Ordinary Shares
November 15 2019 - 12:31PM
TKK Symphony Acquisition Corporation (“TKK” or the “Company”) today
announced that it has extended the expiration date of its
previously announced tender offer to purchase up to 25,000,000
ordinary shares at a purchase price of $10.26 per share in cash.
The offer is being made in connection with the Company’s previously
announced merger with Glory Star New Media Group Limited, a Cayman
Islands exempted company. As amended, the tender offer will now
expire at 5:00 p.m. New York City time, on Monday, December 2,
2019, unless further extended or earlier terminated.
Continental Stock Transfer & Trust Company, the depositary
for the tender offer, has advised TKK that, as of 11:00 a.m., New
York City time, on Friday, November 15, 2019, an aggregate
of 12,210,031 ordinary shares were properly tendered and not
properly withdrawn. TKK shareholders who have already tendered
their ordinary shares do not need to re-tender their shares or take
any other action as a result of the extension of the expiration
date of the tender offer. TKK shareholders may withdraw shares they
have previously tendered at any time prior to the extended
expiration date of the tender offer.
Complete terms and conditions of the tender offer can be found
in the Offer to Purchase, the related Letter of Transmittal and
certain other materials contained in the Company’s tender offer
statement on Schedule TO filed with the U.S. Securities and
Exchange Commission (“SEC”) on October 17, 2019, and available
at www.sec.gov. Except as described in this news release, the
terms of the tender offer remain the same as set forth in the Offer
to Purchase and in the related Letter of Transmittal.
Copies of the Offer to Purchase, the related Letter of
Transmittal and other materials related to the tender offer may be
obtained for free from the information agent, Morrow Sodali LLC, at
(800) 662-5200. Banks and brokers may call the information agent at
(203) 658-9400. The depositary for the tender offer is Continental
Stock Transfer & Trust Company.
About TKK Symphony Acquisition Corporation
TKK Symphony Acquisition Corporation is a blank check company
incorporated on February 5, 2018 as a Cayman Islands exempted
company and formed for the purpose of entering into a merger, share
exchange, asset acquisition, share purchase, recapitalization,
reorganization or other similar business combination with one or
more businesses or entities. Led by Chairman and Chief Executive
Officer Sing Wang, TKK Symphony consummated an initial public
offering on Nasdaq on August 20, 2018, raising aggregate gross
proceeds of $250,000,000.
Important Legal Information
The description contained herein is neither an offer to purchase
nor a solicitation of an offer to sell securities of the Company.
The Company has filed a tender offer statement on Schedule TO
containing an offer to purchase, form of letter of transmittal and
other documents relating to the tender offer. These documents
contain important information about the tender offer that should be
read carefully and considered before any decision is made with
respect to the tender offer. These materials will be made available
to the shareholders of the Company at no expense to them. In
addition, such materials (and all other documents filed by the
Company with SEC) are, and will be, available at no charge from the
SEC through its website at www.sec.gov. Shareholders may also
obtain free copies of the documents filed with the SEC by the
Company by directing a request to Morrow Sodali LLC, as Information
Agent for the tender offer, by telephone at: (800) 662-5200 or by
email at: TKKS.info@morrowsodali.com.
This press release contains “forward looking statements.”
Statements that are predictive in nature, that depend upon or refer
to future events or conditions, or that include words such as
“expects,” “anticipates,” “intends,” “plans,” “believes,”
“estimates,” “projects,” “forecasts,” “may,” “should” and similar
expressions are forward looking statements. These statements are
not historical facts but instead represent only the Company’s
belief regarding future results, many of which, by their nature are
inherently uncertain and outside of the Company’s control. Actual
results may differ, possibly materially, from those anticipated in
these forward looking statements. The Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
Contact Information
ICR Inc. Jack Wang Tel: +1 (646) 308-0546 Email:
gsnm@icrinc.com
Investor Relations/Media
Morrow Sodali LLC Tel: (800) 662-5200
E-mail: TKKS.info@morrowsodali.com
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