Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425)
December 17 2018 - 5:07AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 14, 2018
STELLAR ACQUISITION III INC.
(Exact name of registrant as specified in its
charter)
Republic of the Marshall Islands
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001-37862
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N/A
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(State or other jurisdiction of
incorporation or organization)
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(Commission File Number)
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(I.R.S. Employer
Identification Number)
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90 Kifissias Avenue, Maroussi Athens, Greece
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15125
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including
area code:
+30 210 876-4876
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
☒
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant
is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On
December 14, 2018, Stellar Acquisition III Inc. (the “
Company
” or “
Stellar
”) issued a press
release (the “
Press
Release
”) announcing the adjournment of the special meeting of its shareholders
to 10:00 a.m. ET on December 21, 2018 for the consideration of all proposals included in its definitive proxy statement/prospectus
filed with the Securities and Exchange Commission on November 14, 2018 in relation to the Company’s proposed business combination
(the “
Business Combination
”) with Phunware Inc. (“
Phunware
”) other than the Director Election
Proposal (as defined therein) that was previously voted on by the Company’s shareholders at the special meeting in lieu
of annual meeting held on November 30, 2018.
A
copy of the Press Release issued by the Company is attached as Exhibit 99.1 and is incorporated by reference into this Item 8.01.
Additional Information
In connection with
the proposed Business Combination, Stellar has filed a definitive proxy statement/prospectus and mailed the definitive proxy statement/prospectus
and other relevant documents to its shareholders.
Investors and security holders of Stellar are advised to read the definitive
proxy statement/prospectus in connection with Stellar’s solicitation of proxies for its special meeting of shareholders
to be held to approve the proposed Business Combination because the proxy statement/prospectus contains important information
about the proposed Business Combination and the parties thereto. Shareholders will also be able to obtain copies of the definitive
proxy statement/prospectus, without charge, once available, at the website of the Securities and Exchange Commission (the
“SEC”) at www.sec.gov or by directing a request to: Stellar Acquisition III Inc., 90 Kifissias Avenue, Maroussi Athens,
Greece.
Participants in the Solicitation
Stellar and Phunware
and their respective directors, executive officers, other members of management, and employees, under rules of the SEC, may be
deemed to be participants in the solicitation of proxies of Stellar’s shareholders in connection with the proposed transaction.
Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction
of Stellar’s directors and officers in Stellar’s filings with the SEC, including Stellar’s Registration Statement
on Form S-1 filed with the SEC on August 18, 2016, Stellar’s Annual Report on Form 10-K for the year-ended November 30, 2017
filed with the SEC on February 2, 2018, and the definitive proxy statement/prospectus of Stellar for the proposed Business Combination
filed with the SEC on November 14, 2018.
Forward Looking Statements
Certain statements
made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may”,
“should”, “would”, “plan”, “intend”, “anticipate”, “believe”,
“estimate”, “predict”, “potential”, “seem”, “seek”, “continue”,
“future”, “will”, “expect”, “outlook” or other similar words, phrases or expressions.
These forward-looking statements include statements regarding Stellar’s and Phunware’s industry, future events, the
proposed transaction between the parties to the Merger Agreement, the estimated or anticipated future results and benefits of
the combined company following the transaction, including the likelihood and ability of the parties to successfully consummate
the proposed transaction, future opportunities for the combined company, and other statements that are not historical facts. These
statements are based on the current expectations of Stellar’s management and are not predictions of actual performance.
These statements are subject to a number of risks and uncertainties regarding the businesses of Stellar and Phunware and the transaction,
and actual results may differ materially. These risks and uncertainties include, but are not limited to, changes in the business
environment in which Stellar or Phunware operates, including inflation and interest rates, and general financial, economic, regulatory
and political conditions affecting the industry in which Stellar or Phunware operates; changes in taxes, governmental laws, and
regulations; competitive product and pricing activity; difficulties of managing growth profitably; the loss of one or more members
of Stellar’s or Phunware’s management teams; the inability of the parties to successfully or timely consummate the
proposed transaction, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to
unanticipated conditions that could adversely affect the combined company or the expected benefits of the transaction or that
the approval of the shareholders of Stellar or Phunware are not obtained; failure to realize the anticipated benefits of the transaction,
including as a result of a delay in consummating the transaction or a delay or difficulty in integrating the businesses of Stellar
and Phunware; uncertainty as to the long-term value of Stellar’s common stock; those discussed in the Stellar’s Annual
Reports on Form 10-K and Quarterly Reports on Form 10-Q and other documents of Stellar on file with the SEC or in the definitive
proxy statement/prospectus filed with the SEC by Stellar in connection with the shareholder meeting to approve the proposed Business
Combination. There may be additional risks that Stellar presently does not know or that Stellar currently believes are immaterial
that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking
statements provide Stellar’s expectations, plans or forecasts of future events and views as of the date of this communication.
Stellar anticipates that subsequent events and developments will cause Stellar’s assessments to change. However, while Stellar
may elect to update these forward-looking statements at some point in the future, Stellar specifically disclaims any obligation
to do so. These forward-looking statements should not be relied upon as representing Stellar’s assessments as of any date
subsequent to the date of this communication.
Item 9.01 Financial Statements
and Exhibits.
(d) Exhibits
1
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated: December 14, 2018
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STELLAR ACQUISITION III INC.
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By:
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/s/ Prokopios (Akis) Tsirigakis
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Name: Prokopios (Akis) Tsirigakis
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Title: co-Chief Executive Officer
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