SAN FRANCISCO, Aug. 27, 2021 /PRNewswire/ -- TWC Tech
Holdings II Corp. ("TWC Tech Holdings") (NASDAQ: TWCT) today
announced that its stockholders approved all proposals related to
the previously announced business combination (the "Business
Combination") with Cellebrite DI Ltd. ("Cellebrite") at a special
meeting of stockholders held today.
The closing of the Business Combination is anticipated to occur
on or about August 30, 2021, subject
to the satisfaction of customary closing conditions. The combined
company's common stock and warrants are expected to commence
trading on Nasdaq under the ticker symbols "CLBT" and "CLBTW", on
August 31, 2021.
About Cellebrite
Cellebrite's mission is to enable its customers to protect and
save lives, accelerate justice and preserve privacy in communities
around the world. Cellebrite is the global leader in Digital
Intelligence solutions for the public and private sectors,
empowering organizations to master the complexities of legally
sanctioned digital investigations by streamlining intelligence
processes. Trusted by thousands of leading agencies and companies
in more than 140 countries, Cellebrite's Digital Intelligence
platform and solutions transform how customers collect, review,
analyze and manage data in legally sanctioned investigations.
About True Wind Capital
True Wind Capital is a San
Francisco-based private equity firm focused on investing in
leading technology companies. True Wind has a broad investing
mandate, with deep industry expertise across software, tech-enabled
services, and hardware.
About TWC Tech Holdings
TWC Tech Holdings is a blank check company formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination. TWC Tech Holdings raised $600
million in its initial public offering in September 2020. TWC Tech Holdings securities are
listed on the Nasdaq Capital Market under the ticker symbols TWCT,
TWCTU and TWCTW.
Important Information and Where to Find It
This press release relates to the proposed transaction involving
TWC Tech Holdings and Cellebrite. Cellebrite has filed a
Registration Statement on Form F-4 with the SEC, which includes a
prospectus of Cellebrite and a proxy statement of TWC Tech
Holdings, and each party may file other documents with the SEC
regarding the proposed transaction. The documents filed by
Cellebrite with the SEC may be obtained free of charge at the SEC's
website at www.sec.gov. Alternatively, these documents, when
available, can be obtained free of charge from Cellebrite upon
written request to investors@cellebrite.com.
Forward Looking Statements
This document includes "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
"forecast," "intend," "seek," "target," "anticipate," "believe,"
"could," "continue," "expect," "estimate," "may," "plan,"
"outlook," "future" and "project" and other similar expressions
that predict, project or indicate future events or trends. Such
forward looking statements include estimated financial information.
Such forward looking statements with respect to revenues, earnings,
performance, strategies, prospects and other aspects of the
businesses of TWC Tech Holdings, Cellebrite or the combined company
after completion of the proposed business combination contemplated
by the Business Combination Agreement and Plan of Merger (the
"Business Combination") are based on current expectations and
assumptions and, as a result, are subject to risks and
uncertainties. A number of factors could cause actual results or
outcomes to differ materially from those indicated by such forward
looking statements. Such factors can be found in Cellebrite's
most recent filings with the SEC, which are available, free of
charge, at the SEC's website at http://www.sec.gov, and also in the
registration statement on Form F-4 and Cellebrite's definitive
proxy statement/prospectus relating to the Business
Combination.
This press release is not intended to be all-inclusive or to
contain all the information that a person may desire in considering
an investment in TWC Tech Holdings, Cellebrite or the combined
company and is not intended to form the basis of an investment
decision in TWC Tech Holdings, Cellebrite or the combined company.
New risks and uncertainties arise from time to time, and it is
impossible for TWC Tech Holdings and Cellebrite to predict these
events or how they may affect the Business Combination. You are
cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made, and TWC Tech
Holdings and Cellebrite undertake no obligation to update or revise
the forward-looking statements, whether as a result of new
information, changes in expectations, future events or otherwise,
except as may be required by law.
Contacts
For Cellebrite:
Media
Adam Jaffe
VP of Global Communications
+1 973 206 7643
adam.jaffe@cellebrite.com
- or -
RapidResponse@cellebrite.com
Investors
Anat Earon-Heilborn
VP Investor Relations
+972 73 394 8440
investors@cellebrite.com
For TWC Tech Holdings II Corp.:
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co.
+1 (212) 257-4170
TWCT@gasthalter.com
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SOURCE True Wind Capital