NEW YORK, Oct. 1, 2020 /PRNewswire/ -- CF Finance
Acquisition Corp. ("CFAC" or the "Company") (NASDAQ: CFFA)
announced today that it has established Thursday, October 8, 2020 as the record date (the
"Record Date") for its special meeting of stockholders (the
"Special Meeting") to be held to, among other things, approve the
proposed business combination (the "Business Combination") between
CFAC and GCM Grosvenor Inc. ("GCM Grosvenor"). Stockholders of
record as of the close of business on the Record Date will be
entitled to vote their shares at the Special Meeting. The Company
also announced that it will establish the date of the special
meeting at a later time closer to the completion by the U.S.
Securities and Exchange Commission (the "SEC") of its review of the
registration statement on Form S-4 filed in connection with the
Business Combination. The closing of the Business Combination is
subject to approval by CFAC's stockholders and the satisfaction of
other customary closing conditions, which is expected to occur in
the fourth quarter of 2020.
About CF Finance Acquisition Corp.
CF Finance Acquisition Corp. is a public investment vehicle
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. CFAC is
led by its Chairman and Chief Executive Officer, Howard W. Lutnick, who is also the Chairman and
Chief Executive Officer of Cantor Fitzgerald. CFAC's securities are
traded on the Nasdaq Capital Market under the ticker symbols CFFA,
CFFAW and CFFAU.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws with respect to
the proposed transaction between GCM Grosvenor and CFAC, including
statements regarding the anticipated timing of the transaction.
These forward-looking statements generally are identified by the
words "believe," "project," "expect," "anticipate," "estimate,"
"intend," "strategy," "future," "opportunity," "plan," "may,"
"should," "will," "would" and similar expressions. Forward-looking
statements are predictions, projections and other statements about
future events that are based on current expectations and
assumptions and, as a result, are subject to risks and
uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
document, including but not limited to: (i) the risk that the
transaction may not be completed in a timely manner or at all,
which may adversely affect the price of CFAC's securities, (ii) the
risk that the transaction may not be completed by CFAC's business
combination deadline and the potential failure to obtain an
extension of the business combination deadline if sought by CFAC,
(iii) the failure to satisfy the conditions to the consummation of
the transaction, including the approval by the stockholders of
CFAC, the satisfaction of the minimum trust account amount
following redemptions by CFAC's public stockholders and the receipt
of certain governmental and regulatory approvals, (iv) the
occurrence of any event, change or other circumstance that could
give rise to the termination of the transaction, (v) the effect of
the announcement or pendency of the transaction on GCM Grosvenor's
business relationships, performance, and business generally, (vi)
risks that the transaction disrupts current plans of GCM Grosvenor
and potential difficulties in GCM Grosvenor employee retention as a
result of the transaction, (vii) the outcome of any legal
proceedings that may be instituted against GCM Grosvenor or against
CFAC related to the transaction, (viii) the ability to satisfy the
listing requirements on the Nasdaq Stock Market, (ix) volatility in
the price of CFAC's securities, (x) the ability to implement
business plans, forecasts, and other expectations after the
completion of the transaction, and identify and realize additional
opportunities, and (xi) the risk of downturns in the highly
competitive asset management industry. The foregoing list of
factors is not exhaustive. You should carefully consider the
foregoing factors and the other risks and uncertainties described
in the "Risk Factors" section of CFAC's Annual Reports on Form
10-K, Quarterly Reports on Form 10-Q, the joint registration
statement/proxy statement on Form S-4 discussed below and other
documents filed by CFAC from time to time with the SEC. These
filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and GCM Grosvenor and CFAC assume no obligation and do
not intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise. Neither GCM Grosvenor nor CFAC gives any assurance that
either GCM Grosvenor or CFAC will achieve its expectations.
Additional Information and Where to Find It
This press release relates to the proposed transaction between
GCM Grosvenor and CFAC. 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. CFAC and GCM
Grosvenor have filed a registration statement on Form S-4 that
includes a joint proxy statement/prospectus. The proxy
statement/prospectus will be sent to all CFAC stockholders. CFAC
and GCM Grosvenor also will file other documents regarding the
proposed transaction with the SEC. Before making any voting
decision, investors and security holders of CFAC are urged to read
the registration statement, the proxy statement/prospectus and all
other relevant documents filed or that will be filed with the SEC
in connection with the proposed transaction as they become
available because they will contain important information about the
proposed transaction.
Investors and security holders will be able to obtain free
copies of the proxy statement/prospectus and all other relevant
documents filed or that will be filed with the SEC by CFAC through
the website maintained by the SEC at www.sec.gov.
Participants in Solicitation
CFAC and GCM Grosvenor and their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from CFAC's stockholders in connection with
the proposed transaction between CFAC and GCM Grosvenor.
Information about CFAC's directors and executive officers and their
ownership of CFAC's securities is set forth in the Form S-4
registration statement filed by GCM Grosvenor Inc. that includes a
joint proxy statement/prospectus. Additional information regarding
the interests of those persons and other persons who may be deemed
participants in the proposed transaction may be obtained by reading
the proxy statement/prospectus regarding the proposed transaction.
You may obtain free copies of these documents as described in the
preceding paragraph.
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SOURCE CF Finance Acquisition Corp.