Based on the results of the EGM, and subject to the satisfaction or
waiver of certain other closing conditions as described in the
Proxy Statement, the transactions (the “Transactions”) contemplated by that
certain Business Combination Agreement, dated as of April 12,
2021 (as may be amended, supplemented or otherwise modified from
time to time, the “Business
Combination Agreement”), by and among AGC, Grab Holdings
Limited (formerly J1 Holdings Inc.), a Cayman Islands exempted
company (“GHL”), J2 Holdings
Inc., a Cayman Islands exempted company and direct wholly owned
subsidiary of GHL, J3 Holdings Inc., a Cayman Islands exempted
company and direct wholly owned subsidiary of GHL, and Grab
Holdings Inc., a Cayman Islands exempted company, are expected to
be consummated on December 1, 2021. Following the consummation
of the Transactions, the common stock and warrants of GHL are
expected to begin trading on the Nasdaq Stock Market under the
symbols “GRAB” and “GRABW,” respectively, on December 2,
2021.
Item 7.01 |
Regulation FD Disclosure.
|
In connection with the Business Combination, holders of 8,565
shares of AGC’s Class A ordinary shares exercised their right
to redeem their shares for cash at a redemption price of
approximately $10.00 per share, for an aggregate redemption amount
of $85,654.47.
On November 30, 2021, AGC issued a press release announcing
the voting results of the EGM, a copy of which is filed as Exhibit
99.1 hereto.
Item 9.01. |
Financial Statements and Exhibits.
|
(d) Exhibits.
Forward Looking Statements
This communication contains forward-looking statements that are
based on beliefs and assumptions and on information currently
available. In some cases, you can identify forward-looking
statements by the following words: “may,” “will,” “could,” “would,”
“should,” “expect,” “intend,” “plan,” “anticipate,” “believe,”
“estimate,” “predict,” “project,” “potential,” “continue,”
“ongoing” or the negative of these terms or other comparable
terminology, although not all forward-looking statements contain
these words. These statements involve risks, uncertainties and
other factors that may cause actual results, levels of activity,
performance or achievements to be materially different from the
information expressed or implied by these forward-looking
statements. We caution you that these statements are based on a
combination of facts and factors currently known by us and our
projections of the future, which are subject to a number of risks.
Forward-looking statements in this communication include, but are
not limited to, statements regarding future events, such as
statements regarding the likelihood, ability and timing of the
consummation of the Transactions and the trading of the common
stock and warrants of GHL on the Nasdaq Capital Market under the
symbols “GRAB” and “GRABW,” respectively. We cannot assure you that
the forward-looking statements in this communication will prove to
be accurate. These forward looking statements are subject to a
number of risks and uncertainties, including, among others, general
economic, political and business conditions; the inability of the
parties to consummate the Transactions or the occurrence of any
event, change or other circumstances that could give rise to the
termination of the Business Combination Agreement; the outcome of
any legal proceedings that may be instituted against the parties
following the announcement of the Transactions; the receipt of an
unsolicited offer from another party for an alternative business
transaction that could interfere with the Transactions; failure to
realize the anticipated benefits of the Transactions, including as
a result of a delay in consummating the Transactions; the inability
to obtain or maintain the listing of GHL securities on the Nasdaq
Capital Market following the Transactions; and those factors
discussed in the Proxy Statement. There may be additional risks
that AGC presently does not know or that AGC currently believes are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. Furthermore, if
the forward-