and definitive proxy statement will be mailed to stockholders of Ackrell as of a record date to be established for voting on the proposed transaction. Stockholders of Ackrell will also be able to
obtain a free copy of the proxy statement, as well as other filings containing information about Ackrell, without charge, at the SECs website (www.sec.gov) or by calling 1-800-SEC-0330. Copies of the proxy statement and Ackrells other filings with the SEC can also be obtained, without charge, by directing a request to: info@ackrellspac.com or Ackrell SPAC
Partners I Co., 2093 Philadelphia Pike #1968, Claymont, DE 19703. Additionally, all documents filed with the SEC can be found on Ackrells website, www.ackrellspac.com. The information contained in, or that can be accessed through,
Ackrells or the Companys website is not incorporated by reference in, and is not part of, this press release.
No Offer or Solicitation
This press release does not constitute (i) a solicitation of a proxy, consent, or authorization with respect to any securities or in respect
of the proposed business combination, or (ii) an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction 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 the U.S.
Securities Act.
Participants in the Solicitation
Blackstone and Ackrell and their respective directors and officers and other members of management and employees may be deemed participants in the solicitation
of proxies in connection with the proposed business combination. Ackrell stockholders and other interested persons may obtain, without charge, more detailed information regarding directors and officers of Ackrell in Ackrells Annual Report on
Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 31, 2022. Information regarding the persons who may, under SEC rules, be deemed participants in the
solicitation of proxies from Ackrells stockholders in connection with the proposed business combination is included in the Form S-4 and will be included in the definitive proxy statement/prospectus that
Ackrell intends to file with the SEC and mail to its stockholders of record for voting on the proposed transaction.
Caution Concerning
Forward-Looking Statements
Certain statements herein are forward-looking statements made pursuant to the safe harbor provisions of the
United States Private Securities Litigation Reform Act of 1995. 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.
For example, projections of future net revenue, gross profit, gross margin, Adjusted EBITDA and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements through the use of words or phrases such as
may, should, could, predict, potential, believe, will likely result, expect, continue, will, anticipate,
seek, estimate, intend, plan, projection, would and outlook, or the negative version of those words or phrases or other comparable words or phrases of a future or
forward-looking nature, but the absence of such words does not mean that a statement is not forward-looking. These forward-looking statements are not historical facts and are based upon estimates and assumptions that, while considered reasonable by
Ackrell and its management, and the Company and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the
occurrence of any