SIGNA Sports United to begin trading on NYSE under the ticker symbol "SSU" on December 15 Closing of previously announced business combination provides SSU with gross proceeds of $484 million from YAC trust proceeds and a fully committed, upsized private placement of common stock ("PIPE") from institutional and high-tech investors, sovereign wealth funds and high net-worth individuals SSU announces transaction close of WiggleCRC acquisition, creating the world's largest online bike platform SIGNA Sports United ("SSU" or the "Company"), the world's leading sports e-commerce and technology platform, today completed its previously announced business combination with Yucaipa Acquisition

Yucaipa Acquisition Corporation (NYSE:YAC) ("Yucaipa"), a publicly-traded special purpose acquisition company led by Chairman and President Ron Burkle and CFO and COO Ira Tochner, and SIGNA Sports United ("SSU"), a leading global sports, e-commerce and technology platform, today announced that its respective shareholders approved the business combination between Yucaipa and SSU announced on June 11, 2021. The business combination also includes the acquisition of the WiggleCRC Group ("WiggleCRC"), the second largest online bike retailer globally after SSU, currently owned by Bridgepoint. The respective boards of directors of both Yucaipa and SSU had previously approved the business combinati

SIGNA Sports United and Yucaipa Acquisition Corporation expect to complete their business combination, subject to YAC shareholder approval Extraordinary general meeting of Yucaipa Acquisition Corporation scheduled for December 13, 2021 at 10:00 a.m., New York City time Gross proceeds of at least $484 million mainly from institutional and high-tech investors, sovereign wealth funds and high net-worth individuals Redeeming shareholders may elect to withdraw their redemption by contacting Continental Stock Transfer & Trust Company at any time until the shareholder vote regarding the business combination is taken at the extraordinary general meeting of YAC shareholders which is scheduled

$70 million upsizing of PIPE, increasing total PIPE proceeds to $372 million $178 million backstop commitment to cover any elevated shareholder redemptions to ensure transaction close New backstop designed to provide ample liquidity for the pro forma Company to pursue growth SIGNA Sports United ("SSU" or the "Company"), the world's leading sports e-commerce and technology platform, today announced additional PIPE investments and a new redemption backstop agreement related to its proposed business combination agreement with Yucaipa Acquisition Corporation (NYSE:YAC) ("Yucaipa" or "YAC"), a publicly-traded special purpose acquisition company. These additional elements increase deal cer

BERLIN & LOS ANGELES--(BUSINESS WIRE)--SIGNA Sports United ("SSU" or the "Company"), has entered into a business combination agreement with Yucaipa Acquisition Corporation (NYSE: YAC) ("Yucaipa" or "YAC"), a publicly-traded special purpose acquisition company led by Chairman and President Ron Burkle and CFO and COO Ira Tochner. The combination also includes the acquisition of the WiggleCRC Group ("WiggleCRC"), one of the largest online bike retailers globally, currently owned by Bridgepoint. The combined entity will become one of the largest pure-play sports e-commerce and technology platform company, with expected net revenues of approximately $1.6 billion in the financial year en

Yucaipa Acquisition Corporation (NYSE:YAC) (the "Company") today announced that it received a formal notice of non-compliance from the New York Stock Exchange (the "NYSE") relating to the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the "Form 10-Q") as required under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual. On April 12, 2021, the staff of the U.S. Securities and Exchange Commission ("SEC") issued "Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies ("SPACs")" (the "Statement"), which clarified guidance for all SP

DALLAS--(BUSINESS WIRE)--Blockcap Inc. (“Blockcap” or “Company”), one of the largest bitcoin mining operations in North America, today publicly announced its C-Level Management Team and Board of Directors. The moves amplify Blockcap’s deep expertise in bitcoin mining, and come as the company implements plans to dramatically increase its already-massive fleet of approximately 10,000 bitcoin miners. Joining Blockcap are Chief Executive Officer (CEO) and Vice Chairman, Clark Swanson, and Chief Legal Officer (CLO) and General Counsel, Arnold Spencer. Additionally, Christel Sicé and Larry Rudolph arrive to the team as members of the Board of Directors, joining co-founder and Executive

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