Item 7.01 Regulation FD Disclosure
Furnished as Exhibit 99.1 hereto is a press
release (the “Press Release”), dated October 19, 2020, issued by Legacy Acquisition Corp., a Delaware limited liability
company (“Legacy” or the “Company”), announcing Legacy’s participation in a webinar hosted by SPACInsider
and ICR Inc. in connection with the previously announced business combination (the “Business Combination”) of Legacy
with Onyx Enterprises Int’l, Corp., a New Jersey corporation (“Onyx”) pursuant to the Business Combination Agreement
(the “Business Combination Agreement”), dated September 18, 2020, by and among Legacy, Excel Merger Sub I, Inc., Excel
Merger Sub II, LLC, Onyx and Shareholder Representative Services LLC.
The information in this Item 7.01 and incorporated
by reference hereto is being furnished and shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of
that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the
“Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such filing.
About Legacy Acquisition Corp.
Legacy raised $300 million in November 2017
and its securities are listed on the New York Stock Exchange (“NYSE”). At the time of its listing, Legacy was the only
Special Purpose Acquisition Company on the NYSE led predominantly by African American managers and sponsor investors. Legacy was
formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization
or similar business combination with one or more target businesses. Legacy is sponsored by a team of proven leaders primarily comprised
of former Procter & Gamble executives and is supported by a founder/shareholder group of proven operationally based value builders.
These executives have extensive experience in building brands and transforming businesses for accelerated growth. Legacy’s
founders and management expectation is that Legacy will serve as a role model for African Americans and other under-represented
business leaders to achieve success not just in the executive ranks of large Corporations, but also as entrepreneurs in the productive
use of capital through mergers and acquisitions on Wall Street. For more information please visit www.LegacyAcquisition.com.
Forward-Looking Statements
This Current Report on Form 8-K contains
certain forward-looking statements. Legacy’s and Onyx’s actual results may differ from their expectations, estimates
and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words
such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “propose,” “plan,” “contemplate,” “may,” “will,”
“might,” “shall,” “would,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” “positioned,” “goal,” “conditional,”
“opportunities” and similar expressions are intended to identify such forward-looking statements. These forward-looking
statements include, without limitation, Legacy’s estimates of its public company costs, including related insurance costs.
These forward-looking statements involve
significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of
these factors are outside Legacy’s and Onyx’s control and are difficult to predict. Factors that may cause such differences
include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the
termination of the Business Combination Agreement, (2) the outcome of any legal proceedings that may be instituted against
Legacy and other transaction parties following the announcement of the Business Combination Agreement and the transactions contemplated
therein; (3) the inability to complete the proposed Business Combination, including due to the inability to satisfy conditions
to closing in the Business Combination Agreement; (4) the occurrence of any event, change or other circumstance that could
otherwise cause the Business Combination to fail to close; (5) the receipt of an unsolicited offer from another party for
an alternative business transaction that could interfere with the proposed Business Combination; (6) the inability to obtain
or maintain the listing of the post-acquisition company’s Class A common stock on the NYSE (or such other nationally
recognized stock exchange on which shares of the post-acquisition company’s Class A common stock are then listed) following
the proposed Business Combination; (7) the risk that the proposed Business Combination disrupts current plans and operations
as a result of the announcement and consummation of the proposed Business Combination; (8) the ability to recognize the anticipated
benefits of the proposed Business Combination, which may be affected by, among other things, competition, the ability of the combined
company to operate cohesively as a standalone group, grow and manage growth profitably and retain its key employees; (9) costs
related to the proposed Business Combination; (10) changes in applicable laws or regulations; (11) the possibility that Onyx or
the combined company may be adversely affected by other economic, business, and/or competitive factors; (12) the aggregate number
of Legacy shares tendered in the tender offer by the holders of Legacy’s Class A common stock in connection with the
proposed Business Combination; (13) disruptions in the economy or business operations of Onyx or its suppliers due to the impact
of COVID-19; (14) the outcome of pending legal proceedings with certain Onyx stockholders; (15) potential adjustments to the unaudited
non-GAAP interim financial results of Onyx; and (16) other risks and uncertainties indicated from time to time in the information
statement relating to the proposed Business Combination, including those under “Risk Factors” therein, and in Legacy’s
other filings with the Securities and Exchange Commission (the “SEC”), including the Schedule TO that was filed with
the SEC in connection with the Business Combination. Legacy cautions that the foregoing list of factors is not exclusive. Legacy
cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Legacy
does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking
statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement
is based.
Important Information about the Information Statement, the
Consent Solicitation Statement and the Proxy Statement
Legacy has filed with the SEC a preliminary
information statement with respect to the Business Combination for its stockholders containing the information with respect to
the Business Combination specified in Schedule 14C promulgated under the Exchange Act and describing the proposed Business Combination
and the other transactions contemplated by the Business Combination Agreement. In addition, in connection with the proposed amendments
(the “Warrant Amendments”) to the Warrant Agreement between Legacy and Continental Stock Transfer & Trust Company,
dated as of November 16, 2017, Legacy has filed a preliminary consent solicitation statement with the SEC. Additionally, in connection
with another extension of the deadline by which Legacy must complete the Business Combination (the “Deadline Extension”),
Legacy filed a preliminary proxy statement with the SEC on October 14, 2020 and intends to file other relevant materials with the
SEC in connection therewith, including a definitive proxy statement on Schedule 14A. Legacy’s security holders and other
interested persons are advised to read the applicable information statement, consent solicitation statement or preliminary proxy
statement and any respective amendments thereto and other relevant materials to be filed in connection with the proposed Business
Combination, Warrant Amendments and Deadline Extension, respectively, with the SEC, including, when available, a definitive information
statement on Schedule 14C, a definitive consent solicitation statement on Schedule 14A and a definitive proxy statement on Schedule
14A and the respective documents incorporated by reference therein, as these materials contain and will contain important information
about the Business Combination, Warrant Amendments and Deadline Extension, as applicable. When available, the definitive information
statement, definitive consent solicitation statement or definitive proxy statement and other relevant materials for the Business
Combination, Warrant Amendments and Deadline Extension, respectively, will be mailed to the applicable securityholders of Legacy
as of September 30, 2020. Securityholders are able to obtain copies of the preliminary information statement, the preliminary consent
solicitation statement and the preliminary proxy statement, and, once available, will be able to obtain the definitive information
statement, the definitive consent solicitation statement and the definitive proxy statement and other documents filed with the
SEC that will be incorporated by reference therein, without charge, at the SEC’s web site at www.sec.gov, or by directing
a request to: Legacy Acquisition Corp., 1308 Race Street, Suite 200, Cincinnati, Ohio 45202, Attention: Secretary, (513) 618-7161.
Participants in the Solicitation
Legacy and its directors and executive
officers may be deemed participants in the solicitation of consents from Legacy’s warrantholders with respect to the Warrant
Amendments. A list of the names of those directors and executive officers and a description of their interests in Legacy will be
contained in Legacy’s definitive proxy statement that will be filed with respect to the Warrant Amendments and are contained
in the preliminary consent solicitation statement and in its annual report on Form 10-K for the fiscal year ended December
31, 2019, which were filed with the SEC and are available free of charge at the SEC’s web site at www.sec.gov, or
by directing a request to: Legacy Acquisition Corp., 1308 Race Street, Suite 200, Cincinnati, Ohio 45202, Attention: Secretary,
(513) 618-7161.
No Offer or Solicitation
This Current Report on Form 8-K shall not
constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business
Combination. This Current Report on Form 8-K shall also not constitute an offer to sell or the solicitation of an offer to buy
any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or in accordance with
an exemption from registration therefrom.