MultiMetaVerse Inc. and Model Performance Acquisition Corporation complete business combination

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– MMV common shares and securities traded on the Nasdaq under the symbols “MMV” and “MMVWW” respectively.

new york, January 4, 2023 /PRNewswire/ – MultiMetaVerse Inc., an animation and entertainment company dedicated to creating an open community for its global users and providing high-quality and immersive entertainment experiences, and Model Performance Acquisition Corporation (Nasdaq: MPAC; “MPAC”), a special purpose acquisition company, announced their business announced the completion of the combination (the “Business Combination”). The listed company resulting from the business combination will be MultiMetaVerse Holdings Limited (“MMV”). It’s on January 5, 2023MMV shares will trade on the Nasdaq Global Market under the symbol “MMV” and MMV securities will trade on the Nasdaq Capital Market under the symbol “MMVWW”.

Yiran XuAccording to MVM Chairman and CEO, “[a]As we have reached a milestone today, we will continue to develop new stories, animations, video games, etc. to meet the needs of our users and expand our business into new markets. By listing on the Nasdaq, we are close to achieving our ambition to become a strong global digital entertainment provider in the new era.

Claudius TsangThe CEO of MPAC commented, “[t]He is honored to be a part of this amazing event of the model performance group Multimetaverse. We are excited for what the future holds for the company.

Counselors

Paul Hastings LLP acted as legal counsel to MMV. Loeb & Loeb LLP served as legal counsel to MPAC.

About MMV

MMV is an animation and entertainment company dedicated to creating an open community of anime viewers, gamers and content creators for its global users and providing a high-quality and immersive entertainment experience through original content, user-generated content and more. Professional user-generated content. In the year In 2015, MMV began producing animation under its signature Aotu World brand. This animated series has an inspiring story, a unique graphic style and has gained a following, especially among younger audiences, in China. Building on its established user base for continued development and genre diversification, MMV has added more animated content based on the Aotu World brand and new brands, stories and characters to its portfolio. MMV expanded its content offerings into comic books, short videos, collections, stationery, consumer products, mobile games and other genres.

About MPAC

An MPAC is a blank check company formed to effect a merger, exchange, asset acquisition, share purchase, reorganization, reorganization or similar business transaction with one or more businesses or entities.

Forward-looking statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or MMV’s future financial or operating performance. In some cases, you can identify forward-looking statements because they include words such as “may,” “will,” “should,” “expects,” “plans,” “expects,” “go,” “may,” “intends,” “targets,” “projects,” “contemplations,” “believes”, “estimates”, “estimates”, “estimates”, “continues” or the negative of such words or other similar words or expressions are MVMV’s. , strategy, priorities, plans or objectives. By their nature, forward-looking statements involve general and specific risks and uncertainties, and there are risks that forecasts, projections, projections and other forward-looking statements may not materialize. You should understand that a number of factors, including the risks set forth under “Risk Factors” in our registration statement, may cause actual results to differ materially from the plans, objectives, expectations, estimates and objectives set forth in the prospectus. F-4 and our other SEC filings. MMV cautions readers not to place undue reliance on forward-looking statements that speak only as of the date hereof. MMV disclaims any duty or obligation to publicly release any updates or modifications to reflect any anticipated changes or any changes in events, conditions or circumstances.

Cision

Cision

See original content: https://www.prnewswire.com/news-releases/multimetaverse-inc-and-model-performance-acquisition-corp-complete-business-combination-301713880.html

SOURCE Model Performance Acquisition Corp.

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