NEW YORK, Feb. 7, 2018 /PRNewswire/ -- M III
Acquisition Corp. (Nasdaq: MIII) (Nasdaq: MIIIU) (Nasdaq: MIIIW)
("MIII") today announced that it has established a record date of
February 9, 2018 for a special
meeting of its stockholders to be held on February 28, 2018 (the "Special Meeting") to
consider and vote on proposals related to the previously announced
business combination pursuant to the definitive agreement and plan
of merger, dated as of November 3,
2017 with IEA Energy Services LLC (the "Business
Combination").
MIII stockholders of record as of the close of business on
Friday, February 9, 2018 will be
entitled to receive notice of the Special Meeting and to vote the
shares of common stock owned by them at the Special Meeting. The
record date will not impact the redemption rights of stockholders.
The Special Meeting is scheduled to be held at 10:00 a.m., Eastern Time, on February 28, 2018 at the offices of Ellenoff
Grossman & Schole LLP located at 1345 Avenue of the Americas,
11th Floor, New York, New York
10105.
About M III Acquisition Corp.
MIII is a special purpose acquisition company (SPAC) founded by
Mohsin Y. Meghji and formed for the
purpose of effecting business combination(s) with one or more
businesses. MIII's long-term strategy is to leverage the experience
and expertise of its management team and advisors to identify and
acquire a company with long term growth potential and then to work
with management of that company to realize this potential.
Additional Information And Where To Find It.
In connection with the proposed transaction, MIII has filed with
the Securities and Exchange Commission ("SEC") a preliminary proxy
statement and intends to file, when available, its definitive proxy
statement. When completed, MIII will mail the definitive proxy
statement to its stockholders in connection with MIII's
solicitation of proxies for the special meeting of MIII
stockholders to be held to approve the proposed transaction and
related transactions. MIII stockholders and other interested
persons are advised to read MIII's preliminary proxy statement and,
when available, MIII's definitive proxy statement, as these
materials will contain important information about MIII, funds
managed by Oaktree Capital Management, L.P. ("Oaktree"), IEA Energy
Services LLC ("IEA") and the proposed transaction. A copy of the
definitive proxy statement will be mailed when available to all
stockholders of MIII. Investors and stockholders can obtain free
copies of the proxy statement once it is available and other
documents filed with the SEC by MIII through the web site maintained
by the SEC at www.sec.gov. In addition, investors and stockholders
can obtain free copies of the definitive proxy statement once it is
available from MIII by writing to MIII at 3 Columbus Circle,
15th Floor, New York, New
York 10019, Attention: Investor Relations.
Participants in the Solicitation
MIII, Oaktree and IEA, and their respective directors and
executive officers, may be deemed participants in the solicitation
of proxies of MIII's stockholders in respect of the proposed
transaction. Information regarding MIII's directors and executive
officers is available in its Annual Report on Form 10-K filed with
the SEC on March 30, 2017. Additional
information about the directors and executive officers of MIII,
Oaktree and IEA and more detailed information regarding the
identity of all potential participants, and their direct and
indirect interests, by security holdings or otherwise, are set
forth in the preliminary proxy statement. Investors may obtain
additional information about the interests of such participants by
reading such proxy statement.
Forward-Looking Statements
This news release may include 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,"
"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 with respect to projections, revenues,
earnings, performance, strategies, prospects and other aspects of
the businesses of MIII, IEA or the combined company after
completion of the proposed transaction 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 factors include, but are not limited to: (1) the inability to
complete the transactions contemplated by the proposed transaction;
(2) the ability to meet NASDAQ's continued listing standards
following the proposed transaction; (3) the inability to recognize
the anticipated benefits of the proposed transaction, which may be
affected by, among other things, competition, and the ability of
the combined business to grow and manage growth profitably; (4)
costs related to the proposed transaction; (5) changes in
applicable laws or regulations, including the impact of the Tax
Cuts and Jobs Act of 2017; (6) the possibility that MIII or IEA may
be adversely affected by other economic, business, and/or
competitive factors; and (7) other risks and uncertainties
indicated in MIII's proxy statement, including those under "Risk
Factors" therein, and other documents filed or to be filed with the
SEC by MIII. You are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
None of MIII, Oaktree nor IEA undertakes to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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SOURCE M III Acquisition Corp.