Record date for the special meeting is
December 5, 2018
Draper Oakwood Technology Acquisition, Inc. (“DOTA”) (NASDAQ:
“DOTA,” “DOTAU,” “DOTAR” and “DOTAW”) announced today that it has
established Wednesday, December 5, 2018 as the record date (the
“Record Date”) for its special meeting of stockholders (the
“Special Meeting”) to be held to, among other things, approve the
proposed business combination (the “Business Combination”) between
DOTA and Reebonz Limited, pursuant to which DOTA and Reebonz will
become subsidiaries of a newly created Cayman Islands exempted
company, DOTA Holdings Limited (which will be renamed Reebonz
Holding Limited following the consummation of the business
combination (“RBZ”). Stockholders of record as of the close of
business on the Record Date will be entitled to vote their shares
at the Special Meeting either in person or by proxy. The Company
also announced that the special meeting will be held at 10:00 am,
Eastern Standard Time, at the offices of Ellenoff Grossman &
Schole LLP, 1345 Avenue of the Americas, 11th Floor, New York, NY
10105 . The closing of the Business Combination is subject to the
satisfaction of the closing conditions and is expected to close
immediately following the special meeting.
About Draper Oakwood Technology Acquisition,
Inc.
Draper Oakwood Technology Acquisition, Inc. is a special
purpose acquisition company formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization, or similar business combination. DOTA raised
approximately $57.5 million from public stockholders in
connection with its initial public offering in September 2017.
DOTA’s units began trading on The NASDAQ Capital
Market on September 15, 2017 and its units, commons
stock, rights and warrants trade on NASDAQ under the ticker symbols
“DOTAU,” “DOTA,” “DOTAR” and “DOTAW”, respectively.
About Reebonz
Headquartered in Singapore and founded in 2009, Reebonz
(pronounced “ribbons”) is the trusted online marketplace and
platform for buying and selling new and preowned luxury products in
the Asia Pacific region. Leveraging data and technology, Reebonz
makes luxury accessible by operating as an eco-system of B2C e-tail
and B2C marketplace for over 1,000 brands and 172 boutiques,
supported by C2C marketplaces that enable individuals to sell
through its platform. With an easy shopping experience, members can
enjoy convenient access to the selection of products that Reebonz
sources as well as from a curation of multi-brand luxury boutiques
from all around the world. Investors include prominent venture
capital investors, strategic investors and individuals such as
Vertex Ventures, GGV Capital, Intel Capital, Matrix Partners China,
Mediacorp, SGInnovate, FengHe Group, OCBC Bank, Richard Ji (CIO and
Managing Partner of All Star Investments), and Richard Liu
(managing director of Morningside Venture Capital), amongst
others.
Forward Looking Statements
Certain statements made in this release are “forward looking
statements” within the meaning of the “safe harbor” provisions
of the United States Private Securities Litigation Reform
Act of 1995. When used in this press release, the words
“estimates,” “projected,” “expects,” “anticipates,” “forecasts,”
“plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,”
“future,” “propose” and variations of these words or similar
expressions (or the 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 important
factors, many of which are outside DOTA’s or Reebonz’s control,
that could cause actual results or outcomes to differ materially
from those discussed in the forward-looking statements. Important
factors, among others, that may affect actual results or outcomes
include: the inability to obtain DOTA stockholder approval of the
business combination, the inability to complete the transaction
contemplated by the Business Combination Agreement because of
failure of closing conditions or other reasons; the inability to
recognize the anticipated benefits of the proposed business
combination, which may be affected by, among other things, the
amount of cash available following any redemptions by DOTA
stockholders; the ability to meet NASDAQ’s listing standards
following the consummation of the transactions contemplated by the
Business Combination Agreement; costs related to the proposed
business combination; Reebonz’s ability to manage growth; the
reaction of Reebonz customers and suppliers to the business
combination; Reebonz’s ability to identify and integrate other
future acquisitions; rising costs adversely affecting Reebonz’s
profitability; potential litigation involving DOTA or Reebonz or
the validity or enforceability of Reebonz’s intellectual property;
and general economic and market conditions impacting demand for
Reebonz’s products. See the risk factors disclosed in the
preliminary proxy statement for the business combination for
additional risks associated with the business combination. Neither
DOTA nor Reebonz undertakes any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Additional Information about the Transaction and Where to
Find It
The proposed transaction will be submitted to stockholders of
DOTA for their approval. In connection with the proposed business
combination, RBZ has filed with the SEC a registration
statement on Form F-4 for the RBZ securities to be issued to DOTA
security holders at the closing of the business combination, which
registration statement contains a preliminary proxy statement of
DOTA in connection with a special meeting of the stockholders of
DOTA to consider and vote on the business combination and related
matters. Prior to the special meeting, DOTA will file a definitive
proxy statement with the SEC. RBZ and DOTA will mail the
definitive proxy statement/prospectus and other relevant documents
to its stockholders in connection with the meeting. Investors and
security holders of DOTA are advised to read, when available, the
draft of the registration statement, the preliminary proxy
statement, and amendments thereto, and the final registration
statement (as declared effective by the SEC) and the
definitive proxy statement, which will contain important
information about the proposed business combination and the parties
thereto. The registration statement and definitive proxy statement
will be mailed to stockholders of DOTA as of a record date to be
established by DOTA for voting on the proposed business
combination. Stockholders will also be able to obtain copies of the
registration statement and proxy statement, without charge, once
available, at the SEC’s website at www.sec.gov or by
directing a request to: Draper Oakwood Technology Acquisition,
Inc., c/o Draper Oakwood Investments, LLC, 55 East 3rd
Ave., San Mateo, CA 94401, USA,
Attention: Aamer Sarfraz,
Email: aamer@draperoakwood.com
Participants in the Solicitation
DOTA, Reebonz, and their respective directors, executive
officers and other members of their management and employees,
under SEC rules, may be deemed to be participants in the
solicitation of proxies of DOTA stockholders in connection with the
proposed business combination. Investors and security holders may
obtain more detailed information regarding the names, affiliations
and interests in DOTA’s directors and in its Annual Report on Form
10-K for the fiscal year ended December 31, 2017, which was
filed with the SEC on March 29, 2018. Information
regarding the persons who may, under SEC rules, be deemed
participants in the solicitation of proxies to the DOTA’s
stockholders in connection with the proposed business combination
will be set forth in the proxy statement for the proposed business
combination when available. Information concerning the interests of
DOTA’s and Reebonz’s participants in the solicitation, which may,
in some cases, be different than those of DOTA’s and Reebonz’s
equity holders generally, will be set forth in the proxy statement
relating to the proposed business combination when it becomes
available.
Disclaimer
This release shall neither constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which the offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such
jurisdiction.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181204005289/en/
Draper Oakwood Technology Acquisition, Inc.Aamer A. Sarfraz,
713-213-7061aamer@draperoakwood.comorReebonz
Limitedir@reebonz.com
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