Oaktree Acquisition Corp. (NYSE: OAC.U, OAC, OAC WS) (“the
Company”), a special purpose acquisition company sponsored by an
affiliate of Oaktree Capital Management, L.P. (“Oaktree”), reminds
its shareholders to vote in favor of the approval of the Company’s
proposed business combination with Hims, Inc. ("Hims & Hers"),
a multi-specialty telehealth platform that connects consumers to
licensed healthcare professionals, and the related proposals to be
voted upon at the Company’s special meeting of shareholders
scheduled to be held on January 19, 2021 at 9:00 a.m. Eastern Time
(the “Special Meeting”) as described in the Company’s proxy
statement/prospectus dated December 29, 2020 (the “Proxy
Statement”).
All shareholders of record of the Company’s ordinary shares as
of the close of business on December 4, 2020 are entitled to vote
their shares in person or by proxy at the Special Meeting. In
connection with the proposed transaction, the Company filed the
Proxy Statement with the SEC on December 29, 2020, and the Proxy
Statement and proxy card were mailed concurrently to the Company’s
shareholders of record as of the close of business on December 4,
2020. If any of the shareholders of the Company have not received
the Proxy Statement, such shareholder should confirm the proxy’s
status with their broker, or contact Morrow Sodali, the Company’s
proxy solicitor, for assistance with voting, toll-free at (877)
787-9239, or by emailing OAC.info@investor.morrowsodali.com.
Every shareholder’s vote is important, regardless of the number
of shares the shareholder holds. Accordingly, the Company requests
that each shareholder of record as of the close of business on
December 4, 2020 complete, sign, date and return a proxy card, if
it has not already done so, to ensure that the shareholder’s shares
will be represented at the Special Meeting. Shareholders which hold
shares in “street name,” meaning that their shares are held of
record by a broker, bank or other nominee, should contact their
broker, bank or nominee to ensure that their shares are voted.
About Oaktree Acquisition Corp.
The Oaktree Acquisition Corp. franchise was formed to partner
with high-quality, growing companies to facilitate their successful
entry to the public markets. By leveraging the deep capabilities
and experience of its sponsor, an affiliate of Oaktree, a leader
among global investment managers specializing in alternative
investments, with approximately $140 billion in assets under
management as of September 30, 2020, Oaktree Acquisition Corp.
seeks to provide best-in-class resources and execution, coupled
with a focus on long-term partnership and shareholder value
creation. For more information about Oaktree Acquisition Corp. or
Oaktree Acquisition Corp. II, please visit
oaktreeacquisitioncorp.com.
About Hims & Hers
Hims & Hers is a multi-specialty telehealth platform that
connects consumers to licensed healthcare professionals, enabling
them to access high-quality medical care for numerous conditions
related to primary care, mental health, sexual health, dermatology,
and more. Launched in November 2017, the company also offers
thoughtfully created and curated health and wellness products. With
products and services available across all 50 states and
Washington, D.C., Hims & Hers is able to provide all Americans
access to quality, convenient and affordable care. Hims & Hers
was founded by CEO Andrew Dudum, Hilary Coles, Jack Abraham and Joe
Spector at venture studio Atomic in San Francisco, California. For
more information about Hims & Hers, please visit forhims.com
and forhers.com.
Additional Information about the Transaction and Where to
Find It
Oaktree Acquisition Corp. filed the Proxy Statement with the SEC
on December 29, 2020, which was mailed to its shareholders of
record as of the close of business on December 4, 2020 shortly
thereafter. This communication 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 proposed business
combination. Oaktree Acquisition Corp.’s shareholders and other
interested persons are advised to read the Proxy Statement and
other documents filed in connection with the proposed business
combination, as these materials contain important information about
Oaktree Acquisition Corp., Hims & Hers and the proposed
business combination. Shareholders of Oaktree Acquisition Corp. are
also able to obtain copies of the Proxy Statement and other
documents filed with the SEC, without charge, at the SEC’s website
at www.sec.gov, or by directing a written request to: Oaktree
Acquisition Corp., 333 South Grand Avenue, 28th Floor, Los Angeles,
California 90071.
Participants in Solicitation
Oaktree Acquisition Corp. and its directors and executive
officers may be deemed participants in the solicitation of proxies
from Oaktree Acquisition Corp.’s shareholders 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 Oaktree Acquisition Corp. is contained in Oaktree
Acquisition Corp.’s annual report on Form 10-K for the fiscal year
ended December 31, 2019, which was filed with the SEC, and in the
Proxy Statement for the proposed business combination, which are
available free of charge at the SEC’s web site at www.sec.gov, or
by directing a request to Oaktree Acquisition Corp., 333 South
Grand Avenue, 28th Floor, Los Angeles, California 90071.
Hims & Hers and its directors and executive officers may
also be deemed to be participants in the solicitation of proxies
from the shareholders of Oaktree Acquisition Corp. in connection
with 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 is included in the
Proxy Statement for the proposed business combination.
Forward Looking Statements
Certain statements in this press release may be considered
forward-looking statements. Forward-looking statements generally
relate to future events or Oaktree Acquisition Corp.’s or Hims
& Hers’ future financial or operating performance. For example,
statements about the expected timing of the completion of the
proposed business combination, the benefits of the proposed
business combination, the competitive environment, and the expected
future performance (including future revenue, pro forma enterprise
value, and cash balance) and market opportunities of Hims &
Hers are forward-looking statements. In some cases, you can
identify forward-looking statements by terminology such as “may”,
“should”, “expect”, “intend”, “will”, “estimate”, “anticipate”,
“believe”, “predict”, “potential” or “continue”, or the negatives
of these terms or variations of them or similar terminology. Such
forward-looking statements are subject to risks, uncertainties, and
other factors which could cause actual results to differ materially
from those expressed or implied by such forward looking statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by Oaktree
Acquisition Corp. and its management, and Hims & Hers and its
management, as the case may be, are inherently uncertain. Factors
that may cause actual results to differ materially from current
expectations include, but are not limited to: (1) the occurrence of
any event, change or other circumstances that could give rise to
the termination of the definitive agreements with respect to the
proposed business combination; (2) the outcome of any legal
proceedings that may be instituted against Oaktree Acquisition
Corp., Hims & Hers, the combined company or others following
the announcement of the proposed business combination; (3) the
inability to complete the proposed business combination due to the
failure to obtain approval of the shareholders of Oaktree
Acquisition Corp. or to satisfy other conditions to closing,
including the satisfaction of the minimum trust account amount
following any redemptions; (4) changes to the proposed structure of
the business combination that may be required or appropriate as a
result of applicable laws or regulations or as a condition to
obtaining regulatory approval of the proposed business combination;
(5) the ability to meet stock exchange listing standards at or
following the consummation of the proposed business combination;
(6) the risk that the proposed business combination disrupts
current plans and operations of Hims & Hers as a result of the
announcement and consummation of the proposed business combination;
(7) the ability to recognize the anticipated benefits of the
proposed business combination, which may be affected by, among
other things, competition, the ability of the combined company to
grow and manage growth profitably, maintain relationships with
customers and suppliers and retain its management and key
employees; (8) costs related to the proposed business combination;
(9) changes in applicable laws or regulations; (10) the possibility
that Hims & Hers or the combined company may be adversely
affected by other economic, business, and/or competitive factors;
(11) the limited operating history of Hims & Hers; (12) the
Hims & Hers business is subject to significant governmental
regulation; (13) the Hims & Hers business may not successfully
expand into other markets, including womens’ health; and (14) other
risks and uncertainties set forth in the section entitled “Risk
Factors” and “Cautionary Note Regarding Forward-Looking Statements”
in Oaktree Acquisition Corp.’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2019, and which are set forth in
Proxy Statement filed by Oaktree Acquisition Corp. with the SEC in
connection with the proposed business combination. Nothing in this
press release should be regarded as a representation by any person
that the forward-looking statements set forth herein will be
achieved or that any of the contemplated results of such
forward-looking statements will be achieved. You should not place
undue reliance on forward-looking statements, which speak only as
of the date they are made. Neither Oaktree Acquisition Corp. nor
Hims & Hers undertakes any duty to update these forward-looking
statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210106005592/en/
Investor Relations Oaktree Acquisition Corp.
infoOAC1@oaktreeacquisitioncorp.com Hims & Hers Bob East
or Jordan Kohnstam Westwicke, an ICR company HIMSIR@westwicke.com
(443) 213-0500 Media Relations Oaktree Acquisition
Corp. mediainquiries@oaktreecapital.com Hims & Hers
Press@forhims.com Sean Leous Westwicke, an ICR company
HIMSPR@westwicke.com (646) 866-4012
Oaktree Acquisition (NYSE:OAC)
Historical Stock Chart
From Nov 2024 to Dec 2024
Oaktree Acquisition (NYSE:OAC)
Historical Stock Chart
From Dec 2023 to Dec 2024
