UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): May 25,
2021
Capitol
Investment Corp. V
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-39754 |
|
84-1956909 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification No.) |
1300
17th Street North, Suite 820
Arlington,
Virginia
|
|
22209 |
(Address
of Principal Executive Offices) |
|
(Zip
Code) |
(202) 654-7060
(Registrant’s telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☒ |
Written
communication pursuant to Rule 425 under the Securities Act
(17 CFR 230.425) |
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12) |
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencements
communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Units,
each consisting of one share of Class A common stock and one-third
of one warrant |
|
CAP.U |
|
The
New York Stock Exchange |
Class
A common stock, par value $0.0001 per share |
|
CAP |
|
The
New York Stock Exchange |
Warrants,
each whole warrant exercisable for one share of
Class A common stock at an exercise price of $11.50 per
share |
|
CAP
WS |
|
The
New York Stock Exchange |
Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging
growth company ☒
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01 Regulation FD Disclosure.
In
connection with the previously announced business combination (the
“Business Combination”) between Capitol Investment Corp. V,
a Delaware corporation (“Capitol”), and Doma Holdings, Inc.
(f/k/a States Title Holding, Inc.), a Delaware corporation
(“Doma”), Doma issued a press release announcing its
financial results for the quarter ended March 31, 2021 (the
“Press Release”), and representatives of Doma participated
in a conference call and webcast (the “Earnings Call”) to
present Doma’s first quarter results. A copy of the Press Release
is attached hereto as Exhibit 99.1 and incorporated by reference
herein, and a transcript of the Earnings Call is attached hereto as
Exhibit 99.2 and incorporated by reference herein.
Attached
hereto as Exhibit 99.3 and incorporated herein by reference is an
investor presentation, dated May 25, 2021, to be used in meetings
with certain of Capitol’s stockholders, as well as other persons,
with respect to the Business Combination.
The
information in this Item 7.01, including Exhibits 99.1, 99.2 and
99.3, is furnished and shall not be deemed “filed” for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or otherwise subject to liabilities under
that section, and shall not be deemed to be incorporated by
reference into the filings of Capitol under the Securities Act of
1933, as amended (the “Securities Act”), or the Exchange
Act, regardless of any general incorporation language in such
filings. This Current Report on Form 8-K will not be deemed an
admission as to the materiality of any information of the
information contained in this Item 7.01, including Exhibits 99.1,
99.2 and 99.3.
Additional
Information and Where to Find It
This
Current Report on Form 8-K relates to a proposed transaction
between Doma and Capitol. This Current Report on Form 8-K does not
constitute an offer to sell or exchange, or the solicitation of an
offer to buy or exchange, any securities, nor shall there be any
sale of securities in any jurisdiction in which such offer, sale or
exchange 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. Capitol has
filed a registration statement on Form S-4 with the U.S. Securities
and Exchange Commission (the “SEC”), which includes a
document that serves as a prospectus and proxy statement of
Capitol, referred to as a proxy statement/prospectus. A proxy
statement/prospectus will be sent to all Capitol stockholders.
Capitol also will file other documents regarding the proposed
transaction with the SEC. Before making any voting decision,
investors and security holders of Capitol are urged to read the
registration statement, the proxy statement/prospectus and all
other relevant documents filed or that will be filed with the SEC
in connection with the proposed transaction as they become
available because they will contain important information about the
proposed transaction.
Investors
and security holders may obtain free copies of the registration
statement, the proxy statement/prospectus and all other relevant
documents filed or that will be filed with the SEC by Capitol
through the website maintained by the SEC at
www.sec.gov.
The
documents filed by Capitol with the SEC also may be obtained free
of charge at Capitol’s website at https://www.capinvestment.com/ or
upon written request to 1300 17th Street North, Suite
820, Arlington, Virginia 22209.
Participants
in Solicitation
Capitol
and Doma and their respective directors and executive officers may
be deemed to be participants in the solicitation of proxies from
Capitol’s stockholders in connection with the proposed transaction.
A list of the names of such directors and executive officers and
information regarding their interests in the business combination
is contained in the proxy statement/prospectus. You may obtain free
copies of these documents as described in the preceding
paragraph.
Forward-Looking
Statements Legend
This
Current Report on Form 8-K includes “forward-looking statements”
within the meaning of the “safe harbor” provisions of the United
States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as “estimate,” “plan,” “project,” “forecast,” “intend,”
“will,” “expect,” “anticipate,” “believe,” “seek,” “target” or
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of financial and
performance metrics, projections of market opportunity, total
addressable market (TAM), market share and competition and
potential benefits of the transactions described herein, and
expectations related to the terms and timing of the transactions
described herein. These statements are based on various
assumptions, whether or not identified in this press release, and
on the current expectations of Doma’s and Capitol’s management and
are not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as, and must not be relied on by any investor as,
a guarantee, an assurance, a prediction or a definitive statement
of fact or probability. Actual events and circumstances are
difficult or impossible to predict, will differ from assumptions
and are beyond the control of Doma and Capitol.
These
forward-looking statements are subject to a number of risks and
uncertainties, including changes in business, market, financial,
political and legal conditions; the inability of the parties to
successfully or timely consummate the transactions described
herein; failure to realize the anticipated benefits of the
transactions described herein; risks relating to the uncertainty of
the projected financial information with respect to Doma; future
global, regional or local economic, political, market and social
conditions, including due to the COVID-19 pandemic; the
development, effects and enforcement of laws and regulations,
including with respect to the title insurance industry; Doma’s
ability to manage its future growth or to develop or acquire
enhancements to its platform; the effects of competition on Doma’s
future business; the outcome of any potential litigation,
government and regulatory proceedings, investigations and
inquiries; and those other factors included in Capitol’s final
prospectus relating to its initial public offering dated December
1, 2020 (File No. 333-249297) and the registration statement on
Form S-4 (File No. 333-254470) filed with the SEC under the heading
“Risk Factors,” and other documents Capitol filed, or will file,
with the SEC.
If
any of these risks materialize or Doma’s or Capitol’s assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. There may be
additional risks that neither Doma nor Capitol presently know or
that Doma or Capitol currently believe are immaterial that could
also cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect Doma’s and Capitol’s expectations, plans or forecasts of
future events and views as of the date of this press release. Doma
and Capitol anticipate that subsequent events and developments will
cause Doma’s and Capitol’s assessments to change. However, while
Doma and Capitol may elect to update these forward-looking
statements at some point in the future, Doma and Capitol
specifically disclaim any obligation to do so, except as required
by law. These forward-looking statements should not be relied upon
as representing Doma’s and Capitol’s assessments as of any date
subsequent to the date of this press release. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Item
9.01. Financial Statements and Exhibits.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
CAPITOL
INVESTMENT CORP V. |
|
|
|
Date:
May
25, 2021 |
By: |
/s/ Mark
Ein |
|
|
Mark
Ein
Chairman and Chief Executive Officer
|
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