NUBIW - NUBIA BRAND INTERNATIONAL CORP. PROVIDES UPDATE ON REDEMPTION REVERSAL REQUESTS IN CONNECTION WITH CLOSING ITS BUSINESS COMBINATION | Benzinga
Dallas, Texas, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Nubia Brand International Corp. (the "Company" or "Nubia"), announced today that it will not be accepting any requests for redemption reversals in connection with closing the business combination (the "Business Combination") between the Company and Honeycomb Battery Company ("Honeycomb"), as described in the definitive proxy statement initially filed by Nubia with the SEC on November 8, 2023 (the "Proxy Statement").
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 has filed relevant materials with the SEC, including the Proxy Statement. Nubia mailed the 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 the Proxy Statement as well as other documents filed with the SEC because these documents contain important information about Nubia, Honeycomb and the Business Combination. Stockholders will also be able to obtain a copy of the Proxy Statement and other documents filed with the SEC without charge, by directing a request to: Nubia Brand International Corp., Attn: Jaymes Winters, 13355 Noel Rd, Suite 1100, Dallas, TX. The Proxy Statement can also be obtained without charge at the SEC's website (www.sec.gov). Participants in the Solicitation
Nubia and its directors and executive officers may be deemed participants in the solicitation of proxies from Nubia stockholders with respect to the proposed transaction. Information about Nubia's directors and executive officers and a description of their interests in Nubia is included in the Proxy Statement and is available at the SEC's website (www.sec.gov). Additional information regarding the interests of such participants is contained in the ...