SAN DIEGO, Feb. 12, 2018 /PRNewswire/ -- InfoSonics
Corporation ("InfoSonics" or the "Company") (NASDAQ: IFON)
announced today that it has set the record and meeting dates for a
special meeting of its stockholders to vote on matters related to
the proposed merger with Cooltech Holding Corp. ("Cooltech").
In addition, the Company announced that the registration statement
filed on Form S-4 with the Securities and Exchange Commission
("SEC"), as amended, was declared effective on February 12, 2018.
The special meeting will be held at 10:00
am Pacific Time on Wednesday, March 7, 2018, at the offices
of Perkins Coie LLP located at 11988 El Camino Real, Suite 350,
San Diego, California 92130.
InfoSonics stockholders of record as of the close of business on
February 5, 2018 are entitled to
receive notice of, and to vote at, the special meeting.
InfoSonics' Board of Directors unanimously recommends that the
Company's shareholders vote "FOR" the merger proposal and related
transactions and approval of the other voting matters included in
the Proxy Statement/Prospectus. If approved by InfoSonics'
shareholders, the merger transaction will become effective upon the
satisfaction of all other closing conditions set forth in the
merger agreement, which the Company expects to occur shortly
following the meeting.
About InfoSonics Corporation
InfoSonics is a San Diego-based
manufacturer and provider of wireless handsets, tablets and related
products to carriers, distributors and retailers in Latin America under the verykool®
brand. The company is committed to delivering quality
products with innovative designs that appeal to consumers and offer
exceptional value. Additional information can be found on our
corporate website at www.infosonics.com and www.verykool.net.
No Offer or Solicitation
This document 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. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
Additional Information and Where To Find It
The merger with Cooltech will be submitted to the stockholders
of the Company for their consideration. The Company filed with the
SEC a Registration Statement on Form S-4 that included a proxy
statement/prospectus of the Company, which Registration Statement
was declared effective on February
12, 2018. INVESTORS AND SECURITY HOLDERS OF THE
COMPANY ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY
OTHER RELEVANT DOCUMENTS THAT HAVE OR WILL BE FILED WITH THE SEC
CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. You may obtain copies of all documents filed with the
SEC regarding this transaction, free of charge, at the SEC's
website (www.sec.gov). In addition, investors and stockholders will
be able to obtain free copies of the proxy statement/prospectus and
other documents filed with the SEC by InfoSonics free of charge by
directing a request to Vernon A.
LoForti, Vice President and Chief Financial Officer,
InfoSonics Corporation, 4435 Eastgate Mall, Suite 320, San Diego, CA 92121,
vern.loforti@infosonics.com; Phone: 858‑373-1675.
Participants in the Solicitation
The Company, Cooltech, and certain of their respective
directors, executive officers and other members of management and
employees, under SEC rules may be deemed to be participants in the
solicitation of proxies from Company stockholders in connection
with the proposed transaction. Information regarding the interests
of the persons who may, under the rules of the SEC, be deemed
participants in the solicitation of Company stockholders in
connection with the proposed transaction will be set forth in the
proxy statement/prospectus when it is filed with the SEC. You can
find more detailed information about the Company's executive
officers and directors in its Annual Report on Form 10-K, filed
with the SEC on March 10, 2017 and
amended on April 27, 2017.
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SOURCE InfoSonics Corporation