Trebia Acquisition Corp. Shareholders Approve Business Combination With System1
System1 (together with Protected.net Group, “System1” or the “Company”), an omnichannel customer acquisition marketing platform, and Trebia Acquisition Corp. (“TREB” or “Trebia”) (NYSE:TREB), a special purpose acquisition company formed by entities affiliated with William P. Foley II and Frank Martire Jr, announced today, January 20, 2022, that in a special meeting, Trebia’s shareholders voted to approve its proposed business combination (the “Business Combination”) with System1, among other matters voted upon by Trebia’s shareholders. Approximately 93.57% of the votes cast at the meeting were in favor of the Business Combination with 68.63% of Trebia’s outstanding shares voting.
Pursuant to the Business Combination, as of the closing System1 will combine with Trebia, and Trebia will change its name to “System1, Inc.”. Following the closing, System1’s common stock is expected to trade on the New York Stock Exchange (“NYSE”) under the ticker symbol “SST”.