CHICAGO and WASHINGTON,
June 19, 2017 /PRNewswire/
-- Capitol Acquisition Corp. III (NASDAQ: CLAC, "Capitol") and
Cision announced today that Capitol intends to transfer the listing
of its common stock and warrants to the New York Stock Exchange
(the "NYSE") from the NASDAQ Capital Markets ("NASDAQ") following
the completion of its announced business combination, which is
expected to close on or about June
29, 2017. Subject to the completion of the business
combination, Capitol intends to transfer the listing to the NYSE
the following day, June 30,
2017. Upon completion of the business combination, Capitol
and Cision will become wholly-owned subsidiaries of Capitol
Acquisition Holding Company Ltd., which will change its name to
Cision Ltd. The ordinary shares and warrants of Cision Ltd.
will trade on the NYSE following the closing under the symbols
"CISN" and "CISN WS", respectively.
The transfer of listing follows the March 20, 2017 announcement
of Capitol's merger with Cision, a leading global provider of
earned media solutions. Cision delivers a sophisticated,
easy-to-use platform for communicators to reach relevant media
influencers and craft compelling campaigns that impact customer
behavior. With rich monitoring and analytics, the Cision
Communications Cloud™ arms brands with the insights they need to
link their earned media to strategic business objectives.
"We are excited for Cision to make its public market debut
alongside the NYSE's lineup of world-class technology companies,"
said Kevin Akeroyd, Chief Executive
Officer of Cision. "We look forward to a strong, lasting
partnership with the NYSE."
"We are delighted to welcome Capitol and Cision with their
transfer to the world's greatest network of public companies," said
John Tuttle, Global Head of Listings
at the NYSE. "As a leading global provider of earned media
solutions, Cision is a great addition to our community and we
welcome the opportunity to support Cision's continued growth."
About Capitol Acquisition Corp. III
Capitol Acquisition Corp. III is a publicly traded investment
vehicle formed for the purpose of effecting a merger, acquisition
or similar business combination. Capitol is led by Chairman and
Chief Executive Officer Mark D. Ein,
and President and Chief Financial Officer L. Dyson Dryden. Capitol's securities are quoted
on the Nasdaq stock exchange under the ticker symbols CLAC, CLACW
and CLACU. The company, which raised $325
million of cash proceeds in an initial public offering in
October 2015, is Capitol's third
publicly traded investment vehicle. The first, Capitol Acquisition
Corp., created Two Harbors Investment Corp. (NYSE: "TWO"), a
leading mortgage real estate investment trust (REIT) and the
second, Capitol Acquisition Corp. II, merged with Lindblad
Expeditions, Inc. (NASDAQ: "LIND"), a global leader in expedition
travel.
About Cision
Cision is a leading media communication technology and analytics
company that enables marketers and communicators to effectively
manage their earned media programs in coordination with paid and
owned channels to drive business impact. As the creator of the
Cision Communications Cloud™, the first-of-its-kind earned media
cloud-based platform, Cision has combined cutting-edge data,
analytics, technology and services into a unified communication
ecosystem that brands can use to build consistent, meaningful and
enduring relationships with influencers and buyers in order to
amplify their marketplace influence. Cision solutions also include
market-leading media technologies such as PR Newswire, Gorkana,
PRWeb, Help a Reporter Out (HARO) and iContact. Cision serves over
75,000 customers in 170 countries and 40 languages worldwide, and
maintains offices in North
America, Europe, the
Middle East, Asia, and Latin
America. For more information, visit www.cision.com or
follow @Cision on Twitter.
Safe Harbor
This press release includes "forward-looking statements" within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Actual results
may differ from expectations, estimates and projections and,
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "continue," and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results.
Additional information concerning these and other risk factors
is contained in Capitol's most recent filings with the Securities
and Exchange Commission ("SEC"). All subsequent written and oral
forward-looking statements concerning Capitol and Cision, the
merger, the related transactions or other matters and attributable
to Capitol and Cision or any person acting on their behalf are
expressly qualified in their entirety by the cautionary statements
above. Capitol and Cision caution readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. Capitol and Cision do not undertake or accept any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement to reflect any change in
their expectations or any change in events, conditions or
circumstances on which any such statement is based.
Additional Information
Holdings has filed with the SEC a registration statement on Form
S-4 (File No. 333-217256) (the "Registration Statement") which
includes a definitive proxy statement of Capitol, and a final
prospectus with respect to Holdings' securities to be issued in
connection with the proposed business combination. Capitol has
mailed its stockholders the definitive proxy statement/prospectus
with respect to Holdings' securities to be issued in connection
with the business combination. SECURITY HOLDERS ARE URGED AND
ADVISED TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS CAREFULLY
BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT CAPITOL, HOLDINGS,
CISION, THE BUSINESS COMBINATION AND RELATED MATTERS. Investors and
security holders may obtain free copies of the Registration
Statement, and the definitive proxy statement/prospectus and other
relevant materials and any other documents filed by Capitol or
Holdings with the SEC free of charge at the SEC's web site
at www.sec.gov. In addition, shareholders will be able to
obtain free copies of the Registration Statement by directing a
request to: Capitol Acquisition Corp. III, 509
7th Street NW, Washington, DC 20004 or by
emailing info@capitolacquisition.com; and/or on Cision's
website at www.cision.com or by directing a written
request to Cision, 130 East Randolph St.,
7th Floor, Chicago,
IL 60601 or by emailing askcision@cision.com.
Participation and Interests in Solicitation
Capitol, Cision and Holdings and their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from Capitol's stockholders in connection
with the proposed business combination. Information about Capitol's
directors and executive officers is set forth in Capitol's Annual
Report on Form 10-K for the fiscal year ended December 31, 2016, which was filed with the SEC
on March 10, 2017. Additional
information regarding the interests of participants in the
solicitation of proxies in connection with the proposed business
combination is included in the Registration Statement filed by
Holdings. These documents are available free of charge as indicated
above.
Disclaimer
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 transaction and shall not constitute an
offer to sell or a solicitation of an offer to buy the securities
of Capitol, nor shall there be any sale of any such 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 such state or jurisdiction.
Contact:
Capitol Acquisition Corp. III
509 7th Street, N.W.
Washington, D.C. 20004
Tel: (202) 654-7060
Email: info@capitolacquisition.com
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SOURCE Cision; Capitol Acquisition Corp. III