CC Neuberger Principal Holdings II has announced that it has approved a proposed business combination with Getty Images.

[ad_1]

new york, July 20, 2022 /PRNewswire/ — CC Neuberger Principal Holdings II (NYSE: PRPB ) (“CC Neuberger”), a special purpose acquired company formed in partnership between CC Capital and Neuberger Berman, announced at its special general meeting of shareholders. on July 19, 2022CC Neuberger shareholders voted to approve and accept the previously announced business alliance with Getty Images, a leading global visual content creator and marketplace.

The sound standard results are included in CC Neuberger’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”).

It is expected that the business combination will be closed July 22, 2022, subject to the satisfaction or waiver of customary closing conditions. When the business combination closes, the combined company will change its name to Getty Images Holdings Inc. July 25, 2022Under the sign “GETY” and “GETY WS” respectively.

Craig Peters“We are pleased that shareholders have approved our merger with CC Neuberger, and we look forward to returning to the public markets. As a public company, we will continue to move the world with content we believe cannot be possible anywhere else,” said Getty Images CEO. A partnership and archive from the beginnings of photography and videography.

About CC Neuberger Main Holdings II

CC Neuberger Principal Holdings II is a special purpose acquisition company that has completed its initial public offering. July 2020Raising 828 million dollars in revenues. Established and managed Chinh E. Chu, Douglas Newton, Jason K. Giordano, Matthew Skurbe, Charles Cantor and other senior professionals of CC Capital and Neuberger Berman, CC Neuberger Principal Holdings II is a blank check company formed to enter into a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. .

About Getty Images

Getty Images is a leading global visual content creator and marketplace, offering complete content solutions to meet the needs of any client worldwide, regardless of size. Getty Images is the first place for people to discover, buy and share powerful visual content from the world’s best photographers and videographers, serving customers in nearly every country in the world through the Getty Images, iStock and Unsplash brands, websites and APIs. Getty Images works with more than 488,000 contributors and more than 300 major content partners to deliver this powerful and comprehensive content. Each year, Getty Images covers nearly 160,000 news, sports and entertainment events with unparalleled depth and breadth of coverage. Getty Images maintains one of the largest and best private photography archives in the world, with millions of archival images from the dawn of photography.

Visit our press room for company news and announcements.

More information and where to find it

In connection with a business combination (“Business Combination”) between Griffey Global Holdings, Inc. (“Company”), CC Neuberger, Vector Holding, LLC (“New CCNB”) and other parties to a confirmed business combination. Agreement (the “Business Combination Agreement”), New CCNB has filed a registration statement on Form S-4 (File No. 333-262203) (as it may be amended from time to time, the “Registration Statement”) that includes a proxy. Statement and prospect of the new CCNB, which will be implemented on June 30, 2022, and CC Neuberger has sent to CC Neuberger stockholders a valid proxy statement/prospectus related to the business combination. The registration statement, including the proxy statement/prospectus incorporated therein, contains important information about the business combination and other matters voted on by CC Neuberger stockholders at the meeting to approve the business combination (and related matters). New CCNB and CC Neuberger may file other documents with the SEC regarding the business combination. CC Neuberger stockholders and other interested persons are advised to read the actual proxy statement/prospectus and other documents filed in connection with the business combination, as these materials contain important information about New CCNB, CC Neuberger, the Company and the business combination.

Stockholders may obtain a copy of the actual proxy statement/prospectus and other documents filed with the SEC by CC Neuberger through the SEC’s website at www.sec.gov or by directing an inquiry to CC Neuberger Principal Holdings II, 200 Park. Street, 58th Floor, New York, New York 10166.

Participants in the question

CC Neuberger, the company and their respective directors and officers can be considered participants in the question of CC Neuberger shareholders’ proxies in connection with the business combination. CC Neuberger’s shareholders and other interested parties can find more detailed information about CC Neuberger’s directors and officers and a statement of their interests in CC Neuberger included in CC Neuberger’s final prospectus, free of charge. July 30, 2020 and in CC Neuberger’s and New CCNB’s subsequent filings with the SEC. Pursuant to SEC regulations, the request for proxies for CC Neuberger shareholders in connection with a business combination is set forth in the business’s registration statement regarding the number of participants that may be counted and other matters voted on at the stock meeting. Combination. Additional information regarding the interests of participants in the solicitation of proxies in connection with the business combination is included in CC Neuberger’s filing with the SEC. Stockholders may obtain a copy of the current proxy statement/prospectus and other documents filed with the SEC without charge at the SEC’s website at www.sec.gov or by directing a request to CC Neuberger Principal Holdings II, 200 Park Avenue, 58th Street. floor, New York, New York.

Forward-looking statements

This report may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information about CC Neuberger’s or the Company’s potential or anticipated future operations, business strategies, debt levels. including whether the business combination will be beneficial to stockholders, competitive position, industry environment, potential growth opportunities and regulatory effects; These forward-looking statements are based on the current expectations, estimates, projections and beliefs of CC Neuberger or the company’s management, as well as numerous assumptions regarding future events. As used in this report, “estimates,” “project,” “expects,” “estimates,” “predicts,” “plans,” “intends,” “believes,” “wills,” “could,” “will.” “”should,” “future,” “propose” and variations of these words or similar expressions (or negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond the control of the Company or CC Neuberger’s management. It can cause them to drift apart. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (a) the occurrence of any events, changes or other circumstances that may cause the termination of the transaction and the combination of the series of agreements related to the business; (b) the effect of legal proceedings that may arise following the announcement of the business combination and any definitive agreements against CC Neuberger, the combined company or others; (c) the failure to complete the business combination due to the failure to satisfy the closing conditions;; (d) changes in the structure of the business combination that may be necessary or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination; (e) ability to comply with applicable stock exchange listing standards following completion of the Business Combination; (f) failure to consummate the private placement transactions contemplated by the business combination agreement and related agreements and the transactions contemplated by the forward purchase agreement or backstop agreement or the sale of forward purchase securities or backstop securities, as applicable; (g) the risk that the business combination will disrupt the current plans and operations of the Company or its Subsidiaries as a result of the announcement and consummation of the transactions described herein; (h) the ability to know the expected benefits of the business combination, among other things, competition, the combined company can grow and manage growth profitably, maintain relations with customers and suppliers and maintain its leadership. and key personnel; (i) expenses related to the business combination; (j) changes in applicable laws or regulations, including legal or regulatory developments (such as SEC filings on accounting and reporting orders in special purpose buyout companies) that would require CC Neuberger to restate historical financial statements and cause unforeseen delays in the timing of the business combination and the CC Neuberger’s securities have a negative effect on the trading price and attractiveness of the business combination to investors. (k) the possibility that the Company may be adversely affected by other economic, business and/or competitive conditions, (b) the Company’s estimates of costs and profitability and (m) other risks and uncertainties that may arise from time to time in CC Neuberger’s final outlook, including including those under “Risk Factors”, and other documents filed or filed. SEC by CC Neuberger. You are cautioned not to place undue reliance on forward-looking statements that speak only as of the date hereof.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and the Company and CC Neuberger assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements. Information, future events, or otherwise. Neither the Company nor CC Neuberger make any guarantees that the Company or CC Neuberger will meet expectations.

Disclaimer

This press release relates to a proposed business combination between the Company and CC Neuberger. This document shall not constitute an offer to sell or exchange, or an offer to buy or exchange, any securities, or any sale of securities in any jurisdiction where such offer, sale or exchange is unlawful. Registration or qualification under securities laws of such jurisdiction.

Contacts

Getty Images
Anne Flanagan
[email protected]

CC Neuberger Principal Holdings II
CC Capital
John Keener, Tim Ragon And Eric Carlson
Joel FrankWilkinson Brimmer Catcher
215-355-4449

Neuberger Berman
Alex Samuelson
[email protected]
212-476-5392

Source CC Neuberger Main Holdings II

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *