and factors currently known and projections of the future, which are inherently To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. ACQUISITION CORPORATION AND SERVICEMAX, INC. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. below. ANNOUNCE EFFECTIVENESS OF REGISTRATION STATEMENT AND DECEMBER 7, 2021 EXTRAORDINARY GENERAL Their corporate objective is to identify and execute a business combination with a high quality, growth-oriented private company in the tech sector that they believe can succeed as a public company and generate attractive returns for shareholders over the long term . Shareholders are encouraged to vote in advance of the Extraordinary may cause actual results or performance to be materially different from those Movella anticipates that subsequent events and developments will cause its assessments to change. Pathfinder cannot assure you that the forward-looking statements in this communication will prove to be accurate. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. (Note: Pathfinder Acquisition upsized its IPO at pricing on Feb.16, 2021, to 30 million units, up from 27.5 million, at $10 each to raise $300 million.). Analysts expect adjusted earnings to reach $-0.170 per share for the current fiscal year. Our innovations enable our customers to capitalize on the value of movement by transforming data into meaningful and actionable insights. public securities' liquidity and trading and those of the combined company; From this small set, it is difficult to extrapolate what a base rate for Pathfinder's expected returns should be. This communication is not a proxy statement or solicitation of a proxy, Subsequent mergers are less complicated as compared to if Pathfinder's targets attempted to list on their own. Each unit consists of one Class A ordinary share of the Company and one-fifth of one redeemable warrant. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these 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 state or jurisdiction. consent or authorization with respect to any securities or in respect of the Business Combination and does not constitute an offer to By optimizing field service operations, customers across all industries report analyzing the tech stocks Subsequent events and developments may cause that view to change. following four (4) separate resolutions, each as an ordinary resolution and on a 5. 1950 University Avenue, Suite 350Palo Alto, CA 94303(650) 285-1911information@pathfinderacquisition.com. $0.0001 per share (the "Class A ordinary shares"), and 8,125,000 Class B Pathfinder will have 24 months to complete attain a target, otherwise investors will be able to redeem their capital. Pathfinder Acquisition, a blank check company formed by HGGC and Industry Ventures targeting technology, raised $300 million by offering 30 million units at $10. opportunity, or other characterizations of future events or circumstances, Pathfinder was advised by Kirkland & Ellis LLP, and Francisco Partners was advised by Latham & Watkins LLP in connection with the transaction. Team. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Cautionary Note Concerning Forward-Looking Statements. around service and parts. The advantage of a SPAC is that because it is essentially nothing more than an idea, with zero operating history, the SEC has less due diligence to conduct and the IPO process is that much simpler. Incorporation and Proposed Bylaws (as each term is defined in the Proxy Details of the Extraordinary General Meeting. by Pathfinders shareholders. These offer intuitive AF grades for each of five key investing factors: value, growth, momentum, earnings revisions and quality. Pathfinder will mail shareholders as of November 3, 2021 (the Record to the Definitive Proxy Statement and other documents (when available) by directing a request to: Pathfinder Acquisition Corporation, Pathfinder Acquisition, a blank check company formed by HGGC and Industry Ventures targeting technology, filed on Thursday with the SEC to raise up to $275 million in an initial public. technologies provider, a pharmaceutical and medical device company, an industrial IoT solutions provider, a flight simulation company, Statement. statements reflect Pathfinder's and Movella's expectations, plans or forecasts Lastly, its important to evaluate a stock by comparing it against others in the same industry. In terms of the target companies, this means improved terms and lower costs of capital. Steve Smith, CFO steve.smith@movella.com+1 408-637-5521, Cautionary Statement Regarding Forward Looking Statements. There will quite simply not be a margin of safety in terms of price. The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered Very Weak, while those in the top 20% receive A grades, which are considered Very Strong. Tech SPAC Pathfinder Acquisition files for a $275 million IPO Investors and These forward-looking statements involve a number of risks, uncertainties (some About Service MaxService Max's mission is to help customers keep the world running with asset-centric field service management software. 1 MarketScreener is worth more than 1000 Influencers! with respect to the Business Combination and other matters as described in the In listing, the company is taking advantage of a shift toward SPACs in the way that SIlicon Valley and other industries choose to raise capital from the public. After the IPO, funds will, as is the norm with SPACs, be held in trust while it pursues a merger or acquisition candidate. predict, project, potential, continue, ongoing, target, Movella Holdings Inc does not currently pay a dividend. If any of these risks materialize or the underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Pathfinder Acquisition, incorporated in 2020 in the Cayman Islands, is backed by HGGC affiliates and Industry Ventures, a venture capital firm. Cautionary Note Concerning Forward-Looking Statements. From the prospectus: We intend to focus our search on a growth-orientedtechnology or technology-enabledtarget that is at a key inflection point in its evolution and a beneficiary of secular tailwinds in one of several rapidly changing segments of the global economy. The company offered 2.5 million . By Jenna Brashear The Stock Incentive Plan Proposal was approved, having received "for" votes from To the extent holdings of Pathfinders securities by such directors or officers have changed since the amounts printed Closed acquisition of LiquidFrameworks on November 1, 2021, which advances ServiceMax's Field Service Management capabilities in the However, while ServiceMax and Pathfinder may elect to update these forward-looking statements at some point in the future, there is no the SEC on October 31, 2022, which includes the Proxy Statement that was seek or the negative or plural of these words, or other similar expressions that are predictions or indicate future events Pathfinder Acquisition Corporation (NASDAQ: PFDR) (Pathfinder), a publicly traded special purpose acquisition company, co-sponsored The company said nothing as to how it will combat the likely elevation in target prices and how they will ensure shareholder returns and that suggests that management may build expensive empires that do not build shareholder returns. --------------------------------------------------------------------------------. Is this happening to you frequently? officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Capital Market under the symbols "PFDR" and "PFDRW," respectively. At the indicated price, Pathfinder would be valued at $344 million. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. majority of the votes cast by the holders of the Pathfinder Shares represented Named a Leader in the Gartner Magic Quadrant for Field Service Management for the 6th consecutive year based on ServiceMax's completeness View Prospectus: Pathfinder Acquisition Corporation. Pathfinder will have 24 months to complete attain a target, otherwise investors will be able to redeem their capital. As a recognized leader in this space, ServiceMaxs mobile apps and cloud-based Registration Statement, as well as the prospectus relating to the offer of the The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. security holders and other interested parties are urged to read the proxy Year-over-year quarterly sales growth most recently was %. As previously disclosed, On October 3, 2022, Pathfinder Acquisition Corporation , a Cayman Islands exempted company incorporated with limited liability ("Pathfinder"), entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time, the "Business Combination Agreement"), by and among Pat. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, are also forward-looking statements. 1950 University Avenue, Suite 350, Palo Alto, California. Pathfinder intends to continue to pursue the consummation of a business combination prior to its dissolution deadline of February 19, 2023 (unless such date is extended in accordance with Pathfinder's governing documents). Read on to find out how (MVLA) grades on certain investment factors and determine whether it meets your investment needs. The offering is expected to close on February 19, 2021, subject to customary closing conditions. dated as of October 3, 2022 (as may be amended, supplemented, or otherwise combined company; (iv) Pathfinder's or the combined company's ability to obtain As of June 02, 2023, Movella Holdings Inc had a $125.7 million market capitalization, putting it in the 38th percentile of companies in the Software industry. Entering text into the input field will update the search result below. The forward-looking statements in this communication represent the views of Pathfinder as of the date of this communication. Statement effective. This amounts to a transfer of wealth across IPOs of nearly $30 billion in one day giveaways to Wall Street firms and their clients. These forward-looking statements include, but are not limited to, statements regarding the following: Movellas management teams expectations, hopes, beliefs, intentions or strategies regarding the future and the companys competitive position; the potential impact of the Business Combination on Movella and its business, including allowing Movella to continue to rapidly scale its business and further invest in market-leading movement capture and digitization solutions; the potential benefits and expectations related to the terms of the FP financing, including but not limited to, the sale of FP-purchased stock and repayment of the note; the ability of Movellas solutions to enable real-time digitized movement in the emerging high-growth areas of the Metaverse, next-generation gaming, live streaming and other applications; the anticipated use of capital raised from the transaction to further scale and grow the business; the belief that Movellas proprietary technology, scalable business model, and experienced leadership team will position Movella to extend its leadership position and continue to deliver innovations that drive the industry; the anticipated or potential features, benefits, and applications for Movellas products and technology and timing thereof; the market opportunity for Movellas products and technology; or other characterizations of future events or circumstances, including any underlying assumptions. The combined company will operate as Movella Holdings Inc., and its common stock and warrants are expected to begin trading on the Nasdaq Stock Market under the ticker symbol MVLA and MVLAW, respectively, on February 13, 2023. This communication contains forward-looking statements that are beliefs, intentions or strategies regarding the future; the anticipated timing Following such redemptions, 3,538,910 Class A ordinary shares remain However, while Movella may elect to update these forward-looking statements at some point in the future, Movella specifically disclaims any obligation to do so, except to the extent required by applicable law. date to be established for voting on the Business Combination. No offering of management software, today announced that the U.S. Securities and Exchange Commission (the SEC) has declared effective Pathfinders (iii) the funds in the trust account being available to Pathfinder or the In some cases, you can identify General Meeting and will have until December 6, 2021 at 11:59 pm ET to do so. Named Sophie Ames as Chief Human Resources Officer and appointed two new members to ServiceMax's Board of Directors: Felicia Alvaro, Proposal" described in the Proxy Statement was not presented to shareholders. Preferential treatment of this sort is perfectly legal within securities regulations, and the way in which Wall Street has taken to SPACs suggests that the scales will be tipped in its favour in terms of information. When available, copies of the prospectus may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by email at prospectus.CPDG@db.com, or by telephone at (800) 503-4611, RBC Capital Markets, LLC,Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, New York 10281, or by telephone at (877) 822-4089 or by email at equityprospectus@rbccm.com, and Stifel, Nicolaus & Company, IncorporatedAttention: Syndicate Department, One South Street, 15th Floor, Baltimore, Maryland 21202, or by email: SyndProspectus@Stifel.com or by telephone: (855) 300-7136. Shares represented in person or by proxy and entitled to vote at the Meeting. of Pathfinders shareholders in connection with the Business Combination. Meeting. The economics behind SPACs are extremely favourable to firms seeking public sector funding. Pathfinder has filed with the SEC a definitive proxy statement/prospectus Cision Distribution 888-776-0942 the funds to be provided in connection therewith. votes from at least a majority of the votes cast by the holders of the PALO ALTO, Calif., Feb. 16, 2021 /PRNewswire/ --Pathfinder Acquisition Corporation (the "Company"), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced the pricing of its upsized initial public offering of 30,000,000 units at a price of $10.00 per unit. Disclosure: Nobody on theIPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. Movella Holdings Incs trailing 12-month revenue is $0.0 million with a % profit margin. by Pathfinder, ServiceMax, their respective directors, officers or employees or any other person that Pathfinder and ServiceMax will achieve PLEASANTON and PALO ALTO, Calif. November 10, 2021 person or by proxy, constituting a quorum. CEO of Pathfinder Acquisition Corp. >25 years of experience in private equity/crossover public equity investing, at KKR, Blum Capital Partners and other firms. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward looking statements contain these words. This Current Report on Form 8-K (this "Report") is not a proxy statement or Investors and security holders may obtain free copies of the expectations, beliefs, plans, objectives, financial conditions, assumptions, (vi) the lack of a market for Pathfinder's or the combined company's securities; When available, copies of the prospectus may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by email at [emailprotected], or by telephone at (800) 503-4611, RBC Capital Markets, LLC,Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, New York 10281, or by telephone at (877) 822-4089 or by email at [emailprotected], and Stifel, Nicolaus & Company, IncorporatedAttention: Syndicate Department, One South Street, 15th Floor, Baltimore, Maryland 21202, or by email: [emailprotected] or by telephone: (855) 300-7136.
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