SUMR Brands Stockholders Approve Acquisition by Kids2
16 Juni 2022 - 4:15PM
Summer Infant, Inc., doing business as SUMR Brands (“SUMR Brands”
or the “Company”) (NASDAQ: SUMR), today announced that its
stockholders have voted at a special meeting to adopt the
previously announced definitive merger agreement pursuant to which
the Company will be acquired by Kids2, Inc. The final voting
results for each proposal voted on at the special meeting will be
set forth in a Form 8-K filed by the Company with the U.S.
Securities and Exchange Commission.
“We want to thank our stockholders for their
support of our transaction with Kids2,” said Stuart Noyes, the
Company’s CEO. “Their vote of confidence was pivotal to closing
this transaction, which will benefit our channel customers and,
ultimately, the end consumers they serve.”
The closing of the transaction is expected to
occur on or about June 22, 2022, subject to the satisfaction or
permitted waiver of all remaining closing conditions.
About SUMR Brands, Inc.
Based in Woonsocket, Rhode Island, the Company
is a global leader of premium juvenile brands driven by a
commitment to people, products, and purpose. The Company is made up
of a diverse group of experts with a passion to make family life
better by selling proprietary, innovative products across several
core categories.
Forward-Looking Statements
Certain statements in this release that are not
historical fact may be deemed “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and the Company
intends that such forward-looking statements be subject to the safe
harbor created thereby. These statements are accompanied by words
such as “anticipate,” “expect,” “project,” “will,” “believes,”
“estimate” and similar expressions, and include statements
regarding the Company’s expectations regarding the expected closing
of the pending acquisition of the Company by Kids2, Inc. The
Company cautions that these statements are qualified by important
factors that could cause actual results to differ materially from
those reflected by such forward-looking statements. Such factors
include risks related to the proposed merger with Kids2, Inc.,
including disruption of management’s attention from ongoing
business operations due to the pending transaction, that one or
more closing conditions to the transaction may not be satisfied or
waived, on a timely basis or otherwise, that the transaction does
not close when anticipated, or at all, the occurrence of any event,
change or other circumstances that could give rise to the
termination of the merger agreement, potential adverse reactions or
changes to employee or business relationships resulting from the
announcement or completion of the proposed merger, the risk of
litigation or legal proceedings related to the proposed
transaction, and unexpected costs, charges or expenses resulting
from the proposed transaction, and other risks as detailed in the
Company’s most recent Annual Report on Form 10-K, its Quarterly
Reports on Form 10-Q and other filings with the Securities and
Exchange Commission. The Company assumes no obligation to update
the information contained in this release.
Company Contact:Chris WittyInvestor
Relations646-438-9385cwitty@darrowir.com
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