AMSTERDAM, Dec. 13, 2021 (Globe NEWSWIRE) — European FinTech IPO Corporation 1 B.V. (“EFIC1”), a particular objective acquisition corporation (SPAC) incorporated beneath the guidelines of the Netherlands and outlined on Euronext Amsterdam (symbol: EFIC1), currently announced in a individual joint push launch with Azerion Holding B.V. (“Azerion”), a high-development digital leisure and media corporation, that they have reached an settlement to produce a company blend (the “Business Combination”), pursuant to which EFIC1 will acquire 100% of the issued and exceptional share cash of Azerion. The rationale for the Small business Mix, the envisaged composition of the transaction and extra information and facts about Azerion and the Small business Blend is further more explained in the aforementioned joint push release, which is accessible on EFIC1’s web-site (www.efic1.com).

The Company Mixture is matter to approval of EFIC1’s shareholders at a digital amazing basic conference of shareholders (the “EGM”) which will consider spot on Monday 31 January 2022 at 10:00 a.m. CET. In link with COVID-19 and the safety of the health and fitness of all participants in the EGM, the board of EFIC1 has made the decision that shareholders can only attend the EGM practically, in accordance with the short-term legislation regarding COVID-19.

EFIC1 TO Develop into AZERION

Subject matter to the approval of the Enterprise Mix by the shareholders and sure other (waivable) customary closing conditions as agreed in the organization combination arrangement, as nicely as the completion of the Organization Mixture, the initial working day of listing and trading of shares in the blended enterprise on Euronext Amsterdam underneath the new title “Azerion Team N.V.” will be on 2 February 2022.

SHAREHOLDER Round

EFIC1 has geared up a shareholder circular that consists of the formal convocation of the EGM, together with the agenda and the explanatory notes thereto, and pertinent details for shareholders in relation to the Enterprise Blend to aid a good choice.

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The agenda for the EGM involves among the other folks proposals to (i) approve the Company Blend, (ii) appoint the users of the…