Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425)
July 29 2021 - 5:12PM
Edgar (US Regulatory)
Filed by Vacasa, Inc. pursuant to
Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: TPG Pace Solutions Corp.
Commission File No.: 001-40319
TO: All Vacasa Homeowners
From: Matt Roberts
SUBJECT LINE: Vacasa is Going Public
Today, we are celebrating a major milestone. Vacasa is going public
via a merger with a special purpose acquisition company (SPAC), TPG Pace Solutions Corp. The SPAC merger approach to going public is different
than you might be familiar with, but the end result is the same. Our debut as a public company should occur sometime this fall subject
to satisfaction of certain specified closing conditions. We expect to trade under the ticker symbol VCSA.
We’re excited about this transaction for a variety of reasons,
but more than anything else, it is because we’ll be able to help more second homeowners like you maximize their revenue potential
in more areas where guests want to vacation, creating a premier vacation rental brand in the hospitality industry. We look forward to
introducing you to the innovative technology, advanced services and partnerships that we’ll bring to our platform.
You can learn more about today’s announcement
here and we’ve included some FAQs on our website. Thank you for your partnership and entrusting us with the care
of your vacation home.
All my best,
Matt Roberts
CEO
Additional Information and Where to Find It
A full description of the terms of the proposed business combination
will be provided in a registration statement on Form S-4 to be filed with the SEC by Vacasa, Inc. (“NewCo”) that will include
a proxy statement for the shareholders of TPG Pace Solutions that also constitutes a prospectus of NewCo. TPG Pace Solutions urges
investors, shareholders and other interested persons to read, when available, the preliminary proxy statement/prospectus as well as other
documents filed with the SEC because these documents will contain important information about TPG Pace Solutions, Vacasa, NewCo and the
business combination. After the registration statement is declared effective, the definitive proxy statement/prospectus to be included
in the registration statement will be mailed to shareholders of TPG Pace Solutions as of a record date to be established for voting on
the proposed business combination. Shareholders will also be able to obtain a copy of the proxy statement/prospectus, without charge,
by directing a request to: TPG Pace Solutions, 301 Commerce St., Suite 3300, Fort Worth, TX 76102. The preliminary and definitive proxy
statement/prospectus to be included in the registration statement, once available, can also be obtained, without charge, at the SEC’s
website (www.sec.gov).
Participants in Solicitation
TPG Pace Solutions, NewCo, Vacasa and their respective directors and
executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of TPG Pace Solutions in connection
with the proposed business combination. Investors and security holders may obtain more detailed information regarding the names, affiliations
and interests of certain of TPG Pace Solutions’ executive officers and directors in the solicitation by reading TPG Pace Solutions’
initial public offering prospectus, which was filed with the SEC on April 9, 2021 and the proxy statement/prospectus and other relevant
materials filed with the SEC in connection with the business combination when they become available. Other information concerning the
interests of participants in the solicitation, which may, in some cases, be different than those of their shareholders generally, will
be set forth in the proxy statement/prospectus relating to the business combination when it becomes available.
Forward-Looking Statements
Certain statements made in this communication
are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”,
“expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions
that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect
the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised
in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from TPG Pace Solutions’
or Vacasa’s expectations or projections. The following factors, among others, could cause actual results to differ materially from
those described in these forward-looking statements: (i) the occurrence of any event, change or other circumstances that could give rise
to the termination of the definitive agreement for the business combination between TPG Pace Solutions and Vacasa (the “Business
Combination Agreement”); (ii) the ability of the combined company to meet listing standards following the transaction and in connection
with the consummation thereof; (iii) the inability to complete the transactions contemplated by the Business Combination Agreement due
to the failure to obtain approval of the shareholders of TPG or other reasons; (iv) the failure to meet the minimum cash requirements
of the Business Combination Agreement due to TPG Pace Solutions shareholders redemptions and one or more defaults by the investors in
the private placement, and failing to obtain replacement financing; (v) costs related to the proposed transaction; (vi) changes in applicable
laws or regulations; (vii) the ability of the combined company to meet its financial and strategic goals, due to, among other things,
competition, the ability of the combined company to pursue a growth strategy and manage growth profitability; (viii) the possibility that
the combined company may be adversely affected by other economic, business, and/or competitive factors; (ix) the continuing or new effects
of the COVID-19 pandemic on TPG Pace Solutions and Vacasa and their ability to consummate the transaction; and (x) other risks and uncertainties
described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with
SEC by TPG Pace Solutions.
Additional information concerning these and
other factors that may impact TPG Pace Solutions’ expectations and projections can be found in TPG Pace Solutions’ periodic
filings with the SEC, and in the preliminary and definitive proxy statements to be filed by TPG with the SEC regarding the transaction
when available. TPG Pace Solutions’ SEC filings are available publicly on the SEC's website at www.sec.gov.
The foregoing list of factors is not exclusive.
Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Neither TPG
Pace Solutions nor Vacasa undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking
statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement
is based, subject to applicable law.
No Offer or Solicitation
This communication does not constitute a solicitation of a proxy, consent
or authorization with respect to any securities or in respect of the proposed business combination. This press release also does not constitute
an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of
Securities Act of 1933, as amended, or an exemption therefrom.
No Assurances
There can be no assurance that the transactions described herein will
be completed, nor can there be any assurance, if such transactions are completed, that the potential benefits of combining the companies
will be realized. The description of the transactions contained herein is only a summary and is qualified in its entirety by reference
to the definitive agreements relating to the transactions, copies of which will be filed by TPG with the SEC as an exhibit to a Current
Report on Form 8-K.
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