NUBIW - Nubia Brand International Corp. Announces Postponement of Special Meeting of Shareholders to Thursday December 14 2023 at 9:00 a.m. EDT | Benzinga
Dallas, Texas, Dec. 11, 2023 (GLOBE NEWSWIRE) -- On November 8, 2023, Nubia Brand Acquisition Corp. (the "Company" or "Nubia") filed a definitive proxy statement (as amended by the first and second supplement thereto, dated November 21, 2023, and November 30, 2023, respectively, the "definitive proxy statement") for the solicitation of proxies in connection with a special meeting (the "Special Meeting") of the Company's stockholders to be held on December 12, 2023, to vote upon, among other things, a proposal to adopt and approve that certain Merger Agreement by and among Nubia, Honeycomb Battery Company, an Ohio corporation ("Honeycomb"), and Nubia Merger Sub, Inc., an Ohio corporation and wholly-owned subsidiary of the Corporation, and the business combination contemplated thereby (the "Business Combination").
On December 11, 2023, the Company determined to postpone the Special Meeting until December 14, 2023 at 9:00 a.m. Eastern Time. Because Nubia intends to postpone the meeting to December 14, 2023, the deadline for the submission of public shares of Nubia Class A common stock for redemption will be extended to 5:00 p.m., Eastern Time, on December 12, 2023.
The purpose of the postponement of the Special Meeting is to allow Nubia and Honeycomb additional time to satisfy certain of the conditions to the closing of the Business Combination. Nubia and Honeycomb will continue to work on closing the Business Combination as soon as possible following its approval by the stockholders of each of Nubia and Honeycomb and the satisfaction or waiver of any applicable closing conditions.
About Nubia Brand International Corp.
Nubia is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses.
About Honeycomb
Honeycomb formerly the energy solutions division of Global Graphene Group, Inc., is a Dayton, Ohio, USA-based advanced battery technology company focused on the development and commercialization of battery materials, components, cells, and selected module/pack technologies.
Additional Information about the Proposed Transaction and Where to Find It
This press release relates to a proposed transaction between Honeycomb and Nubia. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the transaction described herein, Nubia intends to file relevant materials with the SEC, including a proxy statement (that includes a preliminary proxy statement, and when available, a definitive proxy statement). Promptly after filing its definitive proxy statement with the SEC, Nubia will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the Special Meeting relating to the transaction. Nubia urges its investors, stockholders and other interested persons to read, when available, the proxy statement as well as other documents filed with the SEC because these documents will contain important information about Nubia, Honeycomb and the business ...