Procaps to Introduce Senior Leadership Team,
Review Reported Second Quarter 2021 Financial Results and Full Year
2021 Guidance with Analysts and Investors
Management to Provide Expected Milestone
Timeline for Upcoming Business Combination with Union Acquisition
Corp. II
Procaps Group, a leading integrated international healthcare and
pharmaceutical company and Union Acquisition Corp. II (NASDAQ:
LATN, LATNU, LATNW) (“LATN”), a publicly-traded special purpose
acquisition company, will host a virtual investor and analyst day
on Thursday, August 19, 2021, from 10:00 a.m. Eastern time to 12:00
p.m. Eastern time.
In conjunction with the investor and analyst day, Procaps Group
will introduce members of its senior leadership team, provide a
business update and brief investors and analysts on its key
milestone ahead of its proposed business combination with Union
Acquisition Corp. II. The business combination is expected to close
in the third quarter of 2021 at which point Procaps Group will be
listed on the Nasdaq Capital Market under the ticker symbol
“PROC.”
Procaps Group Chief Executive Officer Ruben Minski and other
members of the senior management team will host the conference
call. The conference call will be accompanied by a presentation,
which can be viewed during the webcast or accessed via the investor
relations section of Procaps’ website here. This event will also
include a question-and-answer period following management’s
prepared remarks designed for both sell-side research analysts and
institutional investors.
To access the call, please use the following information:
Date:
Thursday, August 19, 2021
Time:
10:00 a.m. EDT, 7:00 a.m. PDT
Toll Free dial-in number:
1-877-407-0789
Toll/International dial-in number:
1-201-689-8562
Conference ID:
13722118
Please call the conference telephone number 5-10 minutes prior
to the start time. An operator will register your name and
organization. If you have difficulty connecting with the conference
call, please contact MZ Group at +1 (949) 491-8235.
The conference call will be broadcast live and available for
replay at http://public.viavid.com/index.php?id=146107 and via the
investor relations section of Procaps’ website here.
A telephone replay will be available approximately two hours
after the call and will run through September 16, 2021 by dialing
1-844-512-2921 from the U.S., or 1-412-317-6671 from international
locations, and entering replay pin number: 13722118.
Expected Milestones to Completion of Business Combination
Include:
- Second quarter 2021 financial results – Thursday, August 12,
2021
- Virtual investor and analyst day on Thursday, August 19,
2021
- LATN Shareholder vote – September 2021
- Business combination close and listing on Nasdaq Capital Market
under new ticker symbol “PROC” – approximately end of September
2021.
About Procaps Group
Procaps Group is a developer of pharmaceutical and nutraceutical
solutions, medicines, and hospital supplies that reach more than 50
countries in all five continents. Procaps has a direct presence in
13 countries in Latin America and has more than 5,000 collaborators
working under a sustainable model. Procaps develops, manufactures,
and markets over-the-counter (OTC) and prescription drugs,
nutritional supplements and high-potency clinical solutions. For
more information, visit www.procapsgroup.com or Procaps Group’s
investor relations website investor.procapsgroup.com.
About Union Acquisition Corp. II.
Union Acquisition Corp. II, led by Kyle Bransfield, is a Cayman
Islands exempted company incorporated as a blank check company 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. For more information, please click here.
Important Information About the Merger and Where to Find
It
In connection with the proposed business combination, Procaps
Group, S.A. (“Holdco”) , a subsidiary of Procaps Group that will be
become the holding company of LATN and Procaps Group as of the
closing of the proposed business combination, is expected to file a
registration statement on Form F-4 (the “Form F-4”) with the U.S.
Securities and Exchange Commission (the “SEC”) that will include a
proxy statement of LATN that will also constitute a prospectus of
Holdco. LATN, Procaps Group and Holdco urge investors, stockholders
and other interested persons to read, when available, the Form F-4,
including the preliminary proxy statement/prospectus and amendments
thereto and the definitive proxy statement/prospectus and documents
incorporated by reference therein, as well as other documents filed
with the SEC in connection with the proposed transaction, as these
materials will contain important information about Procaps Group,
Holdco, LATN and the proposed business combination transaction.
After the registration statement is declared effective, the
definitive proxy statement/prospectus to be included in the
registration statement will be mailed to shareholders of LATN as of
a record date to be established for voting on the proposed business
combination. Once available, shareholders will also be able to
obtain a copy of the Form F-4, including the proxy
statement/prospectus, and other documents filed with the SEC
without charge, by directing a request to: BTG Pactual US Capital,
LLC, Attention: Prospectus Department, Email:
OL-BTGPactual-ProspectusDepartment@btgpactual.com. The preliminary
and definitive proxy statement/prospectus to be included in the
registration statement, once available, can also be obtained,
without charge, at the SEC’s website (www.sec.gov).
Participants in the Solicitation
LATN and Procaps Group and their respective directors and
executive officers may be considered participants in the
solicitation of proxies with respect to the proposed business
combination described in this press release under the rules of the
SEC. Information about the directors and executive officers of LATN
is set forth in LATN’s final prospectus filed with the SEC pursuant
to Rule 424(b) of the Securities Act of 1933, as amended (the
“Securities Act”) on October 17, 2019, and is available free of
charge at the SEC’s website at www.sec.gov or by directing a
request to: Union Acquisition Corp. II, 1425 Brickell Ave., #57B,
Miami, FL 33131. Information regarding the persons who may, under
the rules of the SEC, be deemed participants in the solicitation of
the LATN shareholders in connection with the proposed business
combination will be set forth in the registration statement
containing the proxy statement/prospectus for the proposed business
combination when it is filed with the SEC. These documents can be
obtained free of charge from the sources indicated above.
Forward-Looking Statements
This press release contains “forward-looking statements.”
Forward looking statements may be identified by the use of words
such as “forecast,” “intend,” “seek,” “target,” “anticipate,”
“believe,” “expect,” “estimate,” “plan,” “outlook,” and “project”
and other similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
Such forward-looking statements include the closing of the business
combination transaction. Such forward-looking statements with
respect to the businesses of LATN, Procaps Group, or Holdco, prior
to or following the completion of any proposed business
combination, are based on current expectations that 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. These statements involve risks,
uncertainties and other factors that may cause actual results,
levels of activity, performance or achievements to be materially
different from the information expressed or implied by these
forward-looking statements. Although we believe that we have a
reasonable basis for each forward-looking statement contained in
this press release, we caution you that these statements are based
on a combination of facts and factors currently known by us and our
projections of the future, about which we cannot be certain.
Forward-looking statements in this press release include, but are
not limited to: (1) the inability to complete the transactions
contemplated by the proposed business combination; (2) the
inability to recognize the anticipated benefits of the proposed
business combination, which may be affected by, among other things,
competition, and the ability of the combined business to grow and
manage growth profitably; (3) the inability to successfully retain
or recruits officers, key employees, or directors following the
proposed business combination; (4) effects on LATN’s public
securities’ liquidity and trading; (5) the market’s reaction to the
proposed business combination; (6) the lack of a market for LATN’s
securities; (7) LATN’s and Procaps Group’s financial performance
following the proposed business combination; (8) costs related to
the proposed business combination; (9) changes in applicable laws
or regulations; (10) the possibility that LATN or Procaps Group may
be adversely affected by other economic, business, and/or
competitive factors; and (11) other risks and uncertainties
indicated from time to time in documents filed or to be filed with
the SEC by LATN. We cannot assure you that the forward-looking
statements in this press release will prove to be accurate. These
forward-looking statements are subject to a number of significant
risks and uncertainties that could cause actual results to differ
materially from expected results, including, among others, the
ability to complete the business combination due to the failure to
obtain approval from LATN shareholders or satisfy other closing
conditions in the business combination agreement, the occurrence of
any event that could give rise to the termination of the business
combination agreement, the ability to recognize the anticipated
benefits of the business combination, the outcome of any legal
proceedings that may be instituted against LATN or Procaps Group
following announcement of the proposed business combination and
related transactions, the impact of COVID-19 on Procaps Group’s
business and/or the ability of the parties to complete the business
combination, the ability to obtain or maintain the listing LATN’s
ordinary shares on Nasdaq following the proposed business
combination, costs related to the proposed business combination,
changes in applicable laws or regulations, the possibility that
LATN or Procaps Group may be adversely affected by other economic,
business, and/or competitive factors, and other risks and
uncertainties, including those to be included under the header
“Risk Factors” in the Form F-4 to be filed with the SEC and those
included under the header “Risk Factors” in the final prospectus of
LATN related to its initial public offering, as well as LATN’s
other filings with the SEC. Should one or more of these risks or
uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in these forward-looking statements. We undertake no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws.
Accordingly, you should not put undue reliance on these
statements.
Non-Solicitation
This press release is not a proxy statement or solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed business combination and shall not
constitute an offer to sell or a solicitation of an offer to buy
any securities nor shall there be any sale of securities in any
state or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of the Securities Act.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210802005255/en/
Procaps Group Investor Contact: Chris Tyson/Doug Hobbs
SPAC Alpha IR+ (949) 491-8235 LATN@mzgroup.us
LATN Contact: Kyle P. Bransfield Chief Executive Officer
Union Acquisition Corp. II (305) 306-2522
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