Rally and Americas Technology Acquisition Corp. Announce Joint Investor Call and Presentation
June 07 2022 - 4:48PM
Rally Communitas Corp. (the Company or “Rally”), a leading
technology company for mass mobility in the United States doing
business under the “Rally” and “OurBus” brands, and Americas
Technology Acquisition Corp., a special purpose acquisition company
(“ATA”) (NYSE: ATA, ATA.WS, ATA.U), today announced a joint
investor call and corporate presentation are available for viewing
via webcast and accessible on both ATA’s website at
https://atacspac.com and Rally’s website at
https://about.rally.co/investor-resources that discuss in detail
the previously announced proposed business combination. ATA
will also include a copy of the presentation as an exhibit to a
Current Report on Form 8-K to be filed by ATA with the SEC, which
will be available on the SEC’s website at www.sec.gov.
Cautionary Statement Regarding
Forward-Looking Statements
This communication contains certain statements
which may be deemed as “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995 and
other securities laws. Such statements include, but are not limited
to, statements about future financial and operating results, our
plans, objectives, expectations and intentions with respect to
future operations, products and services; and other statements
identified by words such as “will likely result,” “are expected
to,” “will continue,” “is anticipated,” “estimated,” “believe,”
“intend,” “plan,” “projection,” “outlook” or words of similar
meaning. These forward-looking statements include, but are not
limited to, statements regarding Rally’s industry and market sizes,
financial condition and performance of Pubco, including the
anticipated benefits, the implied enterprise value, the expected
financial impacts of the transaction, the satisfaction of closing
conditions to the transaction, potential level of redemptions of
ATA’s public shareholders, the financial condition, liquidity,
results of operations, the products, the expected future
performance and market opportunities of Pubco, the expected
transaction and ownership structure and the likelihood, timing and
ability of the parties to successfully consummate the proposed
transaction. Such forward-looking statements are based upon the
current beliefs and expectations of the management and are
inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
difficult to predict and generally beyond the management’s control.
Actual results and the timing of events may differ materially from
the results anticipated in these forward-looking statements.
In addition to factors previously disclosed in
ATA’s reports filed with the SEC and those identified elsewhere in
this communication, the following factors, among others, could
cause actual results and the timing of events to differ materially
from the anticipated results or other expectations expressed in the
forward-looking statements: the risk that the transaction may not
be completed in a timely manner or at all, which may adversely
affect the price of the securities of Pubco; the risk that the
transaction may not be completed by ATA's business combination
deadline and the potential failure to obtain an extension of the
business combination deadline if sought by ATA; inability to meet
the closing conditions to the business combination, including the
occurrence of any event, change, legal proceedings instituted
against Rally or against ATA related to the business combination
agreement or the management team, or other circumstances that could
give rise to the termination of the business combination agreement;
the inability to complete the transactions contemplated by the
business combination agreement due to the failure to obtain
approval of ATA’s shareholders and the receipt of certain
governmental and regulatory approvals; changes in Pubco’s capital
structure; redemptions exceeding a maximum threshold or the failure
to maintain the listing of ATA's securities or failure of Pubco to
meet The New York Stock Exchange’s initial listing standards in
connection with the consummation of the contemplated transactions;
costs related to the transactions contemplated by the business
combination agreement and the failure to realize anticipated
benefits of the transaction or to realize estimated pro forma
results and underlying assumptions, including with respect to
estimated shareholder redemptions; a delay or failure to realize
the expected benefits from the proposed business combination
agreement transaction including Rally’s ability to effectively
develop and successfully market new products, solutions and
services, and to effectively address cost reductions and other
changes in its industry; risks related to disruption of
management’s time from ongoing business operations due to the
proposed business combination transaction; changes in the middle
mile mobility markets in which Rally competes, including with
respect to its competitive landscape, technology evolution or the
impact of regulatory changes on solutions, services, labor matters,
international economic, political, legal, compliance and business
factors; developments and uncertainties in domestic and foreign
trade policies and regulations, and other regulations which may
cause contractions or affect growth rates and cyclicality of
markets Rally serve; disruptions relating to war, terrorism,
widespread protests and civil unrest, man-made and natural
disasters, public health issues and other events; changes in
domestic and global general economic conditions; risk that Rally
may not be able to execute its growth strategies; security breaches
or other disruptions of Rally information technology systems or
violations of data privacy laws; Rally’s inability to adequately
protect its intellectual property; risks related to the ongoing
COVID-19 pandemic and response, including new variants of the
virus; the pace of recovery in the markets in which Rally operates;
global supply chain disruptions and potential staffing shortages at
potential customers which may have a trickle-down effect on Rally;
the risk that Rally may not be able to develop and maintain
effective internal controls; changes in interest rates; increased
competition and the ability to generate sufficient cash to fulfill
obligations; loss of certain key officers; loss of continued
relationships with customers or bus operators; and Pubco’s success
at managing the foregoing items. The forward-looking statements are
based upon management’s beliefs and assumptions. You should
carefully consider the foregoing factors and the other risks and
uncertainties described in the "Risk Factors" section of the
registration statement on Form S-4 discussed above and other
documents filed by ATA and Pubco from time to time with the SEC.
Rally and ATA caution that the foregoing list of factors is
not exclusive. 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 results, performance or achievements may
differ materially, and potentially adversely, from any projections
and forward-looking statements and the assumptions on which those
forward-looking statements are based. There can be no assurance
that the data contained herein is reflective of future performance
to any degree. You are cautioned not to place undue reliance on
forward-looking statements as a predictor of future performance as
projected financial information and other information are based on
estimates and assumptions that are inherently subject to various
significant risks, uncertainties and other factors, many of which
are beyond the management’s control. All information set forth
herein speaks only as of the date hereof in the case of information
about ATA and Rally or the date of such information in the case of
information from persons other than ATA or Rally, and except to the
extent required by applicable law, we disclaim any intention or
obligation to update or revise any forward-looking statements as a
result of new information, future events and developments or
otherwise occurring after the date of this communication. Forecasts
and estimates regarding Rally’s industry and markets are based on
sources we believe to be reliable, however there can be no
assurance these forecasts and estimates will prove accurate in
whole or in part. Annualized, pro forma, projected and
estimated numbers are used for illustrative purpose only, are not
forecasts and may not reflect actual results. Neither ATA nor Rally
gives any assurance that either of them or the combined company
will meet expectations.
About Rally
Rally is a Mass Mobility as a Service company
that has mobilized millions of riders with innovations designed to
meet the needs of surge demand and middle mile travel
challenges.
Rally’s premier product is the bus rideshare
which aggregates individuals going to large events, creating bus
trips on-demand. Their algorithms automatically route together
crowdsourced bus stops to create productive routes. Additionally,
Rally’s “OurBus” product disrupts regularly scheduled intercity bus
travel by utilizing data science to create optimized intercity
routes and automating the business of buses.
Rally does not own or operate any buses and
employs no drivers or mechanics.
About Americas Technology Acquisition
Corp. (ATA)
Americas Technology Acquisition Corp. is a blank
check company (SPAC) organized for the purpose of entering into a
merger, share exchange, asset acquisition, share purchase,
recapitalization, reorganization or similar business combination
with one or more businesses or entities. Visit
https://atacspac.com for more information.
Contacts
Investor ContactShannon DevineMZ Group North
America203-741-8811RLLY@mzgroup.us
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