CarLotz, Inc. (“CarLotz” or the “Company”), a leading
consignment-to-retail used vehicle marketplace, which recently
announced it would become a public company via a merger with
special purpose acquisition company Acamar Partners Acquisition
Corp. (“Acamar Partners”) (Nasdaq: ACAM), today announced that the
Company is scheduled to present at the 2021 ICR Conference held
virtually on Wednesday, January 13, 2021, at 11:30 am Eastern Time.
The Company will be represented at the conference by Michael Bor,
Co-Founder and Chief Executive Officer of CarLotz.
The presentation will be webcast live over the Internet and can
be accessed at www.acamarpartners.com and www.carlotz.com, under
"Investors," or by using the following link:
https://www.carlotz.com/about-us/investors/. For those unable to
participate during the live webcast, a replay will be available at
www.acamarpartners.com and www.carlotz.com.
About CarLotz, Inc.
CarLotz is a used vehicle consignment and Retail Remarketing™
business that provides our corporate vehicle sourcing partners and
retail sellers of used vehicles with the ability to access the
previously unavailable retail sales channel, while simultaneously
providing buyers with prices that are, on average, below those of
traditional dealerships. Our mission is to create the world’s
greatest vehicle buying and selling experience. We operate a
technology-enabled buying, sourcing and selling model that offers a
seamless omni-channel experience and comprehensive selection of
vehicles, while allowing for a fully contactless end-to-end
e-commerce interface that enables no hassle buying and selling. Our
proprietary Retail Remarketing™ technology provides our corporate
vehicle sourcing partners with real-time performance metrics and
data analytics, along with custom business intelligence reporting
that enables price and vehicle triage optimization between the
wholesale and retail channel. Through our marketplace model, we
generate significant value for both sellers and buyers through
price, selection and experience. For more information, visit
www.carlotz.com.
About Acamar Partners Acquisition Corp.
Acamar Partners Acquisition Corp. is a blank check company
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. Acamar
Partners Acquisition Corp. raised $305.6 million in its initial
public offering in February 2019 (and subsequent exercise of the
underwriters’ over-allotment option). The company’s securities are
quoted on Nasdaq under the ticker symbols ACAM, ACAMW and ACAMU.
For more information, visit www.acamarpartners.com.
Important Additional Information and Where to Find It
This communication is being made in respect of the proposed
merger transaction involving Acamar Partners and CarLotz. Acamar
Partners has filed a registration statement on Form S-4 with the
Securities and Exchange Commission (the “SEC”), which includes a
proxy statement of Acamar Partners, a prospectus of Acamar Partners
and a consent solicitation statement of CarLotz. A definitive proxy
statement/prospectus/consent solicitation statement has been sent
to the stockholders of Acamar Partners and CarLotz, as of the
respective record dates with respect to the required stockholder
approvals. Before making any voting or investment decision,
investors and security holders of Acamar Partners and CarLotz are
urged to carefully read the entire registration statement and proxy
statement/prospectus/consent solicitation statement and any other
relevant documents filed with the SEC, as well as any amendments or
supplements to these documents, because these documents contain
important information about the proposed transaction. The documents
filed by Acamar Partners with the SEC may be obtained free of
charge at the SEC’s website at www.sec.gov. In addition, the
documents filed by Acamar Partners may be obtained free of charge
from Acamar Partners at www.acamarpartners.com. Alternatively,
these documents, when available, can be obtained free of charge
from Acamar Partners upon written request to Acamar Partners
Acquisition Corp., 1450 Brickell Avenue, Suite 2130, Miami, Florida
33131, or by calling 786-264-6680.
Participants in the Solicitation
Acamar Partners, CarLotz and certain of their respective
directors and executive officers may be deemed to be participants
in the solicitation of proxies from the stockholders of Acamar
Partners in connection with the proposed merger. Information
regarding Acamar Partners’ directors and executive officers is
contained in Acamar Partners’ Annual Report on Form 10-K for the
year ended December 31, 2019, filed with the SEC on March 27, 2020,
and subsequent Form 8-K filed with the SEC on July 14, 2020, both
of which are available at the SEC website at www.sec.gov.
Additional information regarding the interests of these
participants and other persons who may be deemed to be participants
in the solicitation may be obtained by reading the registration
statement and the proxy statement/prospectus/consent solicitation
statement and other relevant documents filed with the SEC. Free
copies of these documents may be obtained as described in the
preceding paragraph.
This communication 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 any securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of such other jurisdiction.
Forward-Looking Statements
This communication contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Generally, forward-looking statements include statements that
are not historical facts, such as statements concerning possible or
assumed future actions, business strategies, events or results of
operations, including statements regarding Acamar Partners’ and
CarLotz’ expectations or predictions of future financial or
business performance or conditions. Forward-looking statements may
be preceded by, followed by or include the words “believes,”
“estimates,” “expects,” “projects,” “forecasts,” “may,” “will,”
“should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends”
or similar expressions.
Forward-looking statements involve risks and uncertainties that
may cause actual events, results or performance to differ
materially from those indicated by such statements. Certain of
these risks are identified and discussed in Acamar Partners’ Form
10-K for the year ended December 31, 2019 under “Risk Factors” in
Part I, Item 1A and in Acamar Partners’ Form 10-Q for the quarterly
period ended March 31, 2020, Form 10-Q for the quarterly period
ended June 30, 2020 and Form 10-Q for the quarterly period ended
September 30, 2020 under “Risk Factors” in Part II, Item 1A. These
risk factors will be important to consider in determining future
results and should be reviewed in their entirety.
In addition to risks previously disclosed in Acamar Partners’
reports filed with the SEC and those identified elsewhere in this
communication, the following factors, among others, could cause
actual results to differ materially from forward-looking statements
or historical performance: ability to meet the closing conditions
to the merger, including approval by stockholders of Acamar
Partners on the expected terms and schedule; delay in closing the
merger; failure to realize the benefits expected from the proposed
transaction; the effects of pending and future legislation; risks
related to management’s focus on the proposed transaction rather
than on the ongoing business operations of CarLotz; business
disruption following the transaction; risks related to Acamar
Partners’ or CarLotz’ indebtedness; other consequences associated
with mergers, acquisitions and legislative and regulatory actions
and reforms; risks of the automotive and used vehicle industries;
the potential impact of COVID-19 on the used vehicle industry and
on the CarLotz business; litigation, complaints, product liability
claims or adverse publicity; the impact of changes in consumer
spending patterns, consumer preferences, local, regional and
national economic conditions, crime, weather, demographic trends
and employee availability; new entrants in the
consignment-to-retail used vehicle business; technological
disruptions, privacy or data breaches, the loss of data or
cyberattacks; and the ability to compete successfully with new and
existing market participants.
Any financial projections in this communication are
forward-looking statements that are based on assumptions that are
inherently subject to significant uncertainties and contingencies,
many of which are beyond Acamar Partners’ and CarLotz’ control.
While all projections are necessarily speculative, Acamar Partners
and CarLotz believe that the preparation of prospective financial
information involves increasingly higher levels of uncertainty the
further out the projection extends from the date of preparation.
The assumptions and estimates underlying the projected results are
inherently uncertain and are subject to a wide variety of
significant business, economic and competitive risks and
uncertainties that could cause actual results to differ materially
from those contained in the projections. The inclusion of
projections in this communication should not be regarded as an
indication that Acamar Partners and CarLotz, or their
representatives, considered or consider the projections to be a
reliable prediction of future events.
Forward-looking statements speak only as of the date they are
made, and Acamar Partners and CarLotz are under no obligation, and
expressly disclaim any obligation, to update, alter or otherwise
revise any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by law.
Readers should carefully review the statements set forth in the
reports that Acamar Partners has filed or will file from time to
time with the SEC. Forward-looking statements are expressed in good
faith, and Acamar Partners and CarLotz believe there is a
reasonable basis for them. However, there can be no assurance that
the events, results or trends identified in these forward-looking
statements will occur or be achieved.
Annualized, pro forma, projected and estimated numbers are used
for illustrative purpose only, are not forecasts and may not
reflect actual results.
This communication is not intended to be all-inclusive or to
contain all the information that a person may desire in considering
an investment in Acamar Partners and is not intended to form the
basis of an investment decision in Acamar Partners. All subsequent
written and oral forward-looking statements concerning Acamar
Partners and CarLotz, the proposed transaction or other matters and
attributable to Acamar Partners and CarLotz or any person acting on
their behalf are expressly qualified in their entirety by the
cautionary statements above.
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version on businesswire.com: https://www.businesswire.com/news/home/20210106005746/en/
Investor Contact: CarLotzIR@icrinc.com
Media: CarLotzPR@icrinc.com
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