Filed
by Crown PropTech Acquisitions
pursuant
to Rule 425 under the Securities Act of 1933
and
deemed filed pursuant to Rule 14a-12
under
the Securities Exchange Act of 1934
Subject
Company: Crown PropTech Acquisitions
Commission
File No. 001-40017
The following is a press release issued by Brivo,
Inc. on December 7, 2021:
Brivo Recognized
as a Leader in Support and Service by its Partner Community with Security Sales & Integration Awards
Brivo
wins Best Dealer Protection Policies and Best Manufacturer Technical Support
BETHESDA, Md., Dec.
7, 2021 -- Brivo – the global leader
in cloud-based access control and smart building technologies that recently entered into a definitive merger agreement with Crown PropTech
Acquisitions (NYSE: CPTK), was recognized with two
Security Sales & Integration (SSI) Supplier Stellar Service Awards including
Gold Best Dealer Protection Policies and Bronze Best Technical Support in the manufacturer categories. Presented by SSI, the security
industry's premier technology and business source of trusted content, these awards recognize the security industry's top performing products,
manufacturers, wholesale distributors and third-party central station monitoring providers. Nominations for these awards are sourced
directly from SSI's dealer and integrator audience representing the views of actual dealers in the field and their experiences with various
providers.
"The Supplier Stellar
Service awards Brivo received demonstrate our decades-long commitment to delivering the highest caliber of service and support to our
channel partner community of security system integrators and installers," said Brivo Founder and CEO, Steve Van Till. "As
we continue to grow and make strides in our journey as a global smart building company, this recognition is a testament to the fact that
the quality of our partner program policies and technical support remain a priority."
Brivo provides a business
and economic model for channel partner growth that includes strong operational and technical support for its comprehensive product suite,
which includes access control, smart readers, touchless mobile credentials, visitor management, occupancy monitoring, health and safety
features, smart apartments and integrated video surveillance, smart locks, and intercoms. Valued for its simple installation, high-reliability
backbone and rich API partner network, Brivo has the longest track record of cybersecurity audits and privacy protections in the industry.
SSI launched
the Supplier Stellar Service Awards in 2021 to recognize suppliers that go above and beyond to deliver premium support and service. The
purpose of the awards is also to create a valuable feedback loop for security dealers and integrators to communicate voice-of-the-customer
opinions, according to the SSI website.
"We're thrilled to kick
off the Supplier Stellar Service Awards to honor outstanding customer support and service providers, like Brivo, that span a broad range
of support and service areas," said SSI Editor-in-Chief and Associate Publisher Scott Goldfine. "At Security Sales &
Integration, we pride ourselves in being the security industry's premier technology and business source of trusted content. The inauguration
of these awards further solidifies our role as that voice."
Click here to
learn more about the suite of Brivo solutions.
Click here to
learn how to become a Brivo security integrator and partner.
On November
10, 2021, Brivo entered into a definitive merger agreement with Crown PropTech Acquisitions (NYSE:CPTK)
that will result in Brivo becoming a publicly listed company on the New York Stock Exchange under the new ticker symbol "BRVS."
Additional information about the transaction can be viewed here: www.brivo.com/about/investor-relations.
Legal Disclaimer: https://www.brivo.com/about/investor-relations/legal-disclaimer/.
About Brivo
Brivo, Inc.,
created the cloud-based access control and smart spaces technology category over 20 years ago and remains the global leader serving commercial
real estate, multifamily residential and large distributed enterprises. The company's comprehensive product ecosystem and open API provide
businesses with powerful digital tools to increase security automation, elevate employee and tenant experience, and improve the safety
of all people and assets in the built environment. Brivo's building access platform is now the digital foundation for the largest collection
of customer facilities in the world, occupying over 300 million square feet across 42 countries. On November 10, 2021, Brivo entered
into a definitive merger agreement with Crown PropTech Acquisitions (NYSE: CPTK)
that will result in Brivo becoming a publicly listed company on the New York Stock Exchange under the new ticker symbol "BRVS."
Learn more at www.Brivo.com.
This press release is provided
for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential
business combination (the "proposed business combination") between Brivo, Inc. ("Brivo") and Crown PropTech Acquisition
Corp. ("Crown") and related transactions and for no other purpose.
Forward Looking Statements
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. Forward-looking statements may be identified by the use of words such as "estimate," "plan,"
"project," "forecast," "intend," "will," "expect," "anticipate," "believe,"
"seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements
of historical matters. These forward-looking statements include, but are not limited to, expectations related to the terms and timing
of the proposed business combination. These statements are based on various assumptions, whether or not identified in this press release,
and on the current expectations of Brivo's and Crown's management and are not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as, and
must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual
events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances
are beyond the control of Brivo and Crown. These forward-looking statements are subject to a number of risks and uncertainties, including
the inability of the parties to successfully or timely consummate the proposed business combination, 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 proposed business combination or that the approval of the shareholders of Crown or Brivo is not
obtained; the risk that the conditions to the financing for the proposed business combination may not be satisfied or waived; the risk
that the combined company's securities will not be approved for listed on the New York Stock Exchange or if approved, maintain the listing;
and those factors discussed in Crown's final prospectus dated February 8, 2021 and Quarterly Report on Form 10-Q for the quarter
ended June 30, 2021, dated August 16, 2021, and, when available, the preliminary proxy statement/prospectus of Crown related
to the proposed business combination, in each case, under the heading "Risk Factors," and other documents of Crown filed, or
to be filed, with the Securities and Exchange Commission ("SEC"). If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional
risks that neither Crown nor Brivo presently know or that Crown and Brivo currently believe are immaterial that could also cause actual
results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Crown's and
Brivo's expectations, plans or forecasts of future events and views as of the date of this presentation. Crown and Brivo anticipate that
subsequent events and developments will cause Crown's and Brivo's assessments to change. However, while Crown and Brivo may elect to update
these forward-looking statements at some point in the future, Crown and Brivo specifically disclaim any obligation to do so. These forward-looking
statements should not be relied upon as representing Crown's and Brivo's assessments as of any date subsequent to the date of this press
release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Additional Information
About the Proposed Business Combination and Where To Find It
The proposed business combination
will be submitted to shareholders of Crown for their consideration. Crown intends to file a registration statement on Form S-4 (the "Registration
Statement") with the SEC which will include preliminary and definitive proxy statements to be distributed to Crown's shareholders
in connection with Crown's solicitation for proxies for the vote by Crown's shareholders in connection with the proposed business combination
and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be
issued to Brivo's shareholders in connection with the completion of the proposed business combination. After the Registration Statement
has been filed and declared effective, Crown will mail a definitive proxy statement and other relevant documents to its shareholders as
of the record date established for voting on the proposed business combination. Crown's shareholders and other interested persons are
advised to read, once available, the preliminary proxy statement / prospectus and any amendments thereto and, once available, the definitive
proxy statement / prospectus, in connection with Crown's solicitation of proxies for its special meeting of shareholders to be held to
approve, among other things, the proposed business combination, because these documents will contain important information about Crown,
Brivo
and the proposed
business combination. Shareholders may also obtain a copy of the preliminary or definitive proxy statement, once available, as well as
other documents filed with the SEC regarding the proposed business combination and other documents filed with the SEC by Crown, without
charge, at the SEC's website located at www.sec.gov or
by directing a request to 667 Madison Avenue, 12th Floor, New York, NY 10065, attention: Nikki Sacks.
INVESTMENT IN ANY SECURITIES
DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR
ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY
IS A CRIMINAL OFFENSE.
Participants in the Solicitation
Crown, Brivo and certain of
their respective directors, executive officers and other members of management, employees and consultants may, under SEC rules, be deemed
to be participants in the solicitations of proxies from Crown's shareholders in connection with the proposed business combination. Information
regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Crown's shareholders in connection with
the proposed business combination will be set forth in Crown's proxy statement / prospectus when it is filed with the SEC. You can find
more information about Crown's directors and executive officers in Crown's final prospectus dated February 8, 2021 and filed
with the SEC on February 10, 2021. Additional information regarding the participants in the proxy solicitation and a description
of their direct and indirect interests will be included in the proxy statement / prospectus when it becomes available. Shareholders, potential
investors and other interested persons should read the proxy statement / prospectus carefully when it becomes available before making
any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.
No Offer or Solicitation
This press release does not
constitute 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.
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