NEW YORK, Sept. 21, 2020 /PRNewswire/ -- Churchill
Capital Corp III ("Churchill III") (NYSE: CCXX), a public
investment vehicle, today announced that it has filed a definitive
proxy statement with the Securities and Exchange Commission ("SEC")
and scheduled a special meeting of stockholders in connection with
its pending combination with Polaris Parent Corp., the parent of
MultiPlan, Inc ("MultiPlan"). The special meeting of
stockholders and vote to approve the combination will be held at
10:00 a.m. Eastern Time on
October 7, 2020 via live webcast.
The proxy statement is available in the Investor Resources
section of Churchill III's website as well as on www.sec.gov.
Holders of Churchill III's common stock as of the close of
business on September 14, 2020 are
entitled to vote at the special meeting. The Churchill III
Board of Directors unanimously recommends that stockholders vote
"FOR" the business combination proposal with MultiPlan as well as
the other proposals set forth in the proxy statement. Certain
Churchill III stockholders, representing approximately 41% of the
outstanding common stock of Churchill III, have already agreed to
vote in favor of the business combination proposal with MultiPlan
as well as the other proposals set forth in the proxy
statement.
The consummation of the business combination is currently
expected to occur on or about October 8,
2020, subject to the results of the stockholder vote and the
satisfaction or waiver of all other closing conditions.
About Churchill Capital Corp III
Churchill Capital
Corp III is a public investment vehicle formed for the purpose of
effecting a merger, acquisition, or similar business combination.
Churchill III was founded by a group of leading current and
former business and financial leaders. Churchill III's
securities are traded on the New York Stock Exchange under ticker
symbols CCXX, CCXX. WS and CCXX.U. Churchill III raised
$1.1 billion of cash proceeds in an
initial public offering in February
2020. The first public equity investment company by
Churchill III's sponsor, Churchill Capital Corp, led by
Jerre Stead, merged with Clarivate
Analytics, a leading provider of comprehensive intellectual
property and scientific information, analytical tools, and services
in May 2019. Churchill Capital
Corp II and Churchill Capital Corp IV are actively pursuing initial
business combination targets in any business or industry. For more
information, visit iii.churchillcapitalcorp.com
About MultiPlan
MultiPlan is committed to helping
healthcare payers manage the cost of care, improve their
competitiveness and inspire positive change. Leveraging
sophisticated technology, data analytics, and a team rich with
industry experience, MultiPlan interprets clients' needs and
customizes innovative solutions that combine its payment integrity,
network-based and analytics-based services. MultiPlan is a
trusted partner to over 700 healthcare payers in the commercial
health, dental, government and property and casualty markets.
MultiPlan is owned by Hellman & Friedman and other
investors. For more information, visit multiplan.com.
Forward-Looking Statements
This communication includes
"forward looking statements" within the meaning of the "safe
harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. Terms such as "anticipate,"
"believe," "will," "continue," "could," "estimate," "expect,"
"intend," "may," "might," "plan," "possible," "potential,"
"predict," "should," "would," or similar expressions may identify
forward-looking statements, but the absence of these words does not
mean the statement is not forward-looking. Such forward
looking statements are based on current expectations that are
subject to known and unknown risks and uncertainties, which could
cause actual results or outcomes to differ materially from
expectations expressed or implied by such forward looking
statements. Investors are also encouraged to review the risks
and uncertainties indicated in the definitive proxy statement filed
with SEC on September 18, 2020,
including those under "Risk Factors" therein, and other documents
filed or to be filed in connection with the business combination
with SEC by Churchill III. Forward-looking statements speak
only as of the date made and, except as required by law, Churchill
III and MultiPlan undertake no obligation to update or revise these
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements in
this communication speak as of the date of this communication.
Although Churchill III may from time to time voluntarily
update its prior forward-looking statements, it disclaims any
commitment to do so whether as a result of new information, future
events, changes in assumptions or otherwise except as required by
securities laws.
No Offer or Solicitation
This communication is for
informational purposes only and is not intended to and does not
constitute, or form part of, an offer, invitation or the
solicitation of an offer or invitation to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of any
securities, or the solicitation of any vote or approval in any
jurisdiction, pursuant to the proposed transactions or otherwise,
nor shall there be any sale, issuance or transfer of any securities
in any jurisdiction in contravention of applicable law. In
particular, this communication is not an offer of securities for
sale into the United States.
No offer of securities shall be made in the United States absent registration under
the U.S. Securities Act of 1933, as amended, or pursuant to an
exemption from, or in a transaction not subject to, such
registration requirements.
Additional Information and Where to Find It
In
connection with the proposed transactions, Churchill III filed a
definitive proxy statement with the SEC on September 18, 2020. Stockholders are urged
to read the definitive proxy statement and any other documents
filed with the SEC in connection with the proposed business
combination or incorporated by reference in the definitive proxy
statement because they will contain important information about the
proposed business combination.
Investors will be able to obtain free of charge the proxy
statement and other documents filed with the SEC at the SEC's
website at http://www.sec.gov. Copies of the documents filed
with the SEC by Churchill III when and if available, can be
obtained free of charge by directing a written request to Churchill
Capital Corp III, 640 Fifth Avenue, 12th Floor, New York, NY 10019.
Contacts:
Media: Steven Lipin or Felipe Ucros. Gladstone Place Partners,
212-230-5930
View original
content:http://www.prnewswire.com/news-releases/churchill-capital-corp-iii-announces-filing-of-definitive-proxy-statement-and-october-7-2020-date-for-special-meeting-of-stockholders-to-vote-on-multiplan-combination-301134566.html
SOURCE Churchill Capital Corp III