TradeZero Holding Corp. (“TradeZero”) and its broker-dealer
subsidiaries, which provide next-generation online trading
platforms for active retail traders, announced that the company has
leased 6,800 square feet to expand its offices in Industry City,
Brooklyn. TradeZero, which currently leases 1,800 square feet at
Industry City, plans to move in early 2022.
“The new space is necessary to accommodate our growth and other
needs as we transition to a public company. We are planning for our
future expansion over the next five years. Our headquarters
location at Industry City has served us well, and as proud New
Yorkers, we feel it is important to remain in Brooklyn,” said Dan
Pipitone, TradeZero CEO and co-founder.
TradeZero, which began as a start-up, now has 36 employees based
in and around Brooklyn and more than 130 employees and contractors
company-wide.
TradeZero signed a definitive agreement on October 12, 2021,
with Dune Acquisition Corporation (Nasdaq: DUNE, DUNEW, DUNEU)
(“Dune”), a special purpose acquisition corporation, which would
result in TradeZero becoming a publicly traded company under the
name “TradeZero Global Inc.”
“TradeZero is an incredible Industry City success story— a
fledgling company in less than 2000 square feet, now tripling its
footprint,” said Jeff Fein, Senior Vice President of Leasing at
Industry City. “The Industry City campus has always been a great
option for startups because we can get them in the right space,
whether they’re newly founded or scaling up. We couldn’t be happier
that TradeZero is starting a new chapter here at Industry City and
growing within our community.”
TradeZero was founded by a team that leveraged decades of
collective operating and trading experience to build a
next-generation trading platform tailored to the needs of the
ever-growing community of sophisticated traders. Through its
broker-dealer subsidiaries, TradeZero offers retail investors
commission-free stock trading and direct market center access to
U.S. equities and equity options trading. Active retail traders
choose TradeZero and its subsidiaries for its suite of advanced
desktop, web-based and mobile platforms; professional-grade market
access; sophisticated trading tools; and 24x7 live customer
service. The company serves both domestic and international active
traders.
“We believe in providing market access with a professional-grade
experience for the retail investor, more on a par with the kinds of
tools traditionally offered to institutions. TradeZero has
resonated with active, more sophisticated investors who appreciate
the ability to have control over as many aspects of their trading
as possible, as well as the customized service that we offer,”
Pipitone said.
Both TradeZero and Industry City were represented in-house.
About TradeZero
TradeZero Holding Corp. owns TradeZero, Inc., a Nassau, Bahamas
based broker-dealer serving international clients since 2015, and
TradeZero America, Inc., a U.S. broker-dealer serving U.S. clients
since 2019. TradeZero America, Inc. is a member of The New York
Stock Exchange, NYSE Arca, Inc., NYSE American LLC, Nasdaq, Nasdaq
BX and Cboe EDGX Exchange, Inc. Through its broker-dealer
subsidiaries, TradeZero offers retail investors commission-free
stock trading and direct market center access to U.S equities and
equity options trading. TradeZero provides its clients with an
advanced suite of desktop, web-based and mobile software platforms,
all of which include its proprietary Short Locator (U.S. patent
pending). TradeZero’s innovative features and capabilities for
stock shorting accommodate all types of retail investors,
especially the active trader. Visit https://www.tradezero.co for
more information.
About Dune Acquisition Corporation
Dune Acquisition Corporation was founded by its Chief Executive
Officer, Carter Glatt, to effect a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses.
About Industry City
Industry City is a 6 million-square-foot mixed-use complex
comprised of 16 buildings spanning 35 acres on the waterfront in
Sunset Park, Brooklyn. The property’s ownership – led by Belvedere
Capital, Jamestown and Angelo Gordon & Co. – is transforming
the complex, while cultivating a diverse tenant mix that fuses
today’s burgeoning innovation economy with traditional
manufacturing and artisanal craft. To date, the transformation has
included over $450 million of infrastructure improvements, the
addition of destination courtyards, experience-driven dining,
retail and other amenitization and event programing. Since the new
partnership was forged in August 2013, employment at Industry
City-based businesses has increased from 1,900 jobs in 2013 to
8,500 jobs today. www.industrycity.com
For images courtesy of Industry City, please see here.
Additional Information and Where to Find It
The proposed business combination with TradeZero (the “Business
Combination”) will be submitted to Dune’s stockholders for their
consideration. Dune intends to file a proxy statement (the “Proxy
Statement”) that will be sent to all holders of Dune’s common stock
in connection with the proposed Business Combination. This press
release does not contain all the information that should be
considered concerning the proposed Business Combination and is not
intended to form the basis of any investment decision or any other
decision in respect of the Business Combination. Dune’s
stockholders, TradeZero’s stockholders and other interested persons
are advised to read, when available, the preliminary Proxy
Statement and the amendments thereto and the definitive Proxy
Statement and other documents filed in connection with the proposed
Business Combination, as these materials will contain important
information about TradeZero, Dune and the Business Combination.
When available, the definitive Proxy Statement and other relevant
materials for the proposed Business Combination will be mailed to
stockholders of Dune as of a record date to be established for
voting on the proposed Business Combination. Dune stockholders and
TradeZero stockholders will also be able to obtain copies of the
preliminary Proxy Statement, the definitive Proxy Statement and
other documents filed with the SEC, without charge, once available,
at the SEC’s website at www.sec.gov, or by directing a request to
Dune’s secretary at 700 S. Rosemary Avenue, Suite 204, West Palm
Beach, FL 33401, (917) 742-1904.
Participants in Solicitation
Dune and its directors and executive officers may be deemed
participants in the solicitation of proxies from Dune’s
stockholders with respect to the proposed Business Combination. A
list of the names of those directors and executive officers and a
description of their interests in Dune is contained in Dune’s
Annual Report on Form 10-K/A for the fiscal year ended December 31,
2020, which was filed with the SEC and is available free of charge
at the SEC’s web site at www.sec.gov. To the extent such holdings
of Dune’s securities may have changed since that time, such changes
have been or will be reflected on Statements of Change in Ownership
on Form 4 filed with the SEC. Additional information regarding the
interests of such participants will be contained in the Proxy
Statement for the proposed Business Combination when available.
TradeZero and its directors and executive officers may also be
deemed to be participants in the solicitation of proxies from
Dune’s stockholders with respect to the proposed Business
Combination. A list of the names of such directors and executive
officers and information regarding their interests in the proposed
Business Combination will be included in the Proxy Statement for
the proposed Business Combination when available.
Cautionary Note Concerning Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws with respect to
the proposed Business Combination, including statements regarding
the benefits of the Business Combination, the anticipated timing of
the Business Combination, the services offered by Trade Zero and
Trade Zero’s projected future results. These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including but not
limited to: (i) the risk that the proposed Business Combination
disrupts TradeZero’s current plans and operations; (ii) the ability
to recognize the anticipated benefits of the proposed Business
Combination, which may be affected by, among other things,
competition, the ability of TradeZero to grow and manage growth
profitably and retain its key employees; (iii) costs related to the
proposed Business Combination; (iv) changes in applicable laws or
regulations; (v) the possibility that Dune or TradeZero may be
adversely affected by other economic, business, and/or competitive
factors; (vi) the occurrence of any event, change or other
circumstances that could give rise to the termination of the merger
agreement; (vii) the outcome of any legal proceedings that may be
instituted against Dune or TradeZero following the announcement of
the merger agreement; (viii) the inability to complete the proposed
Business Combination, including due to failure to obtain approval
of the stockholders of Dune or TradeZero, certain regulatory
approvals or satisfy other conditions to closing in the merger
agreement; (ix) the impact of COVID-19 on TradeZero’s business
and/or the ability of the parties to complete the proposed Business
Combination; (x) the inability to obtain or maintain the listing of
the post-business combination entity’s shares of common stock on a
national securities exchange following the proposed Business
Combination; or (xi) other risks and uncertainties indicated from
time to time in the Proxy Statement relating to the proposed
Business Combination, including those under “Risk Factors” therein,
and in Dune’s or TradeZero’s other filings with the SEC. The
foregoing list of factors is not exhaustive. You should carefully
consider the foregoing factors and the other risks and
uncertainties described in the “Risk Factors” section of Dune’s
Annual Report on Form 10-K/A for the fiscal year ended December 31,
2020, including those set forth in the Risk Factors section of the
Company’s Annual Report on Form 10-K/A filed with the SEC on June
21, 2021, and the Proxy Statement discussed above and other
documents filed by Dune from time to time with the SEC. These
filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and TradeZero and Dune assume no obligation and do not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise. Neither TradeZero nor Dune gives any assurance that
either TradeZero or Dune will achieve its expectations.
No Offer or Solicitation
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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211220005857/en/
For Investors: Michael Wichman or Steven Anreder, Anreder &
Company, 212-532-3232 or ir@tradezero.co
For Media: Michelle Manoff, Rubenstein Public Relations,
212-805-3051, or mmanoff@rubensteinpr.com
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