New relationship is latest in string of partnerships designed to advance development of Supernal’s vision for AAM

SEOUL, South Korea and WASHINGTON, Oct. 18, 2023 /PRNewswire/ — Supernal LLC – Hyundai Motor Group’s Advanced Air Mobility (AAM) company – announced today a strategic partnership with Korean Air to help accelerate the design of an electric vertical takeoff and landing (eVTOL) vehicle and the development of the AAM ecosystem in Korea. The collaboration adds to a growing list of Supernal partnerships that are advancing its mission to make AAM an efficient and reliable option for everyday transportation needs.

Jaiwon Shin, president of Hyundai Motor Group and CEO of Supernal, and Kee-Hong Woo, CEO, Korean Air, formalized their partnership in a signing ceremony during Seoul ADEX on Oct. 16

The companies will engage in a variety of activities as part of the partnership, including exchanging technical data and jointly participating in workshops and programs to help develop an AAM ecosystem that will support safe eVTOL operations. As part of the agreement, Korean Air will provide insights about Korean-market requirements and AAM aircraft specifications, informing Supernal’s product and market development strategies. The companies will also explore ways to effectively test the operation of Supernal’s eVTOL vehicle and AAM infrastructure networks.

"A core part of our strategy to advance Advanced Air Mobility is the need for robust collaboration and partnerships with industry leaders like Korean Air," said Jaiwon Shin, president of Hyundai Motor Group and CEO of Supernal. "Korean Air’s expertise in building scalable aviation systems, together with Supernal’s vision for mobility, will help usher in this exciting new era of air travel and bring us closer to global AAM operations."

The ways in which Korea plans to operate AAM in the country highlight the importance of this partnership. Unique to Korea, the Korean government plans to utilize 5G and LTE mobile communication capabilities to enable the seamless flow of information and communication by pilots. The Korean government also plans to create dedicated AAM operating corridors separate from helicopters and other low-level airspace users. These corridors will be customized for safe and efficient flight between vertiports, maximizing the efficiency of AAM routes and minimizing any interaction between eVTOL and other aircraft types.

As South Korea’s largest airline, Korean Air has been a key player in developing the country’s aviation industry and is expected to do the same for AAM, including by providing input to Supernal on passenger experience and operations.

"We will cooperate in deriving requirements for eVTOL aircraft optimized for UAM operations based on Korean Air’s accumulated data on aircraft operation and customer boarding experience," said Keehong Woo, CEO, Korean Air. "Based on this, we will strive to develop a business model and build an operating ecosystem suitable for Korea’s environment."

Elements that Supernal plans to develop as part of a global AAM ecosystem include aftermarket products and services, interconnected mobility solutions, physical and digital infrastructure networks, and solutions for establishing and expanding an industry workforce. The company is focused on building a robust AAM ecosystem that will enable the industry to reach expected demand in the coming decades, with a goal to integrate eVTOL vehicles into existing transportation networks.

Supernal and Korean Air formalized their collaboration in a signing ceremony during Seoul ADEX on Oct. 16.

About Supernal
Supernal (Su·per·nal) is a U.S.-based mobility service provider on a mission to redefine how people move, connect, and live. We are developing an Advanced Air Mobility eVTOL vehicle and working to responsibly co-create the supporting ecosystem and integrate it into existing transit options. As part of Hyundai Motor Group, we are both a new business and an established company, with plans to harness our automotive manufacturing heritage to make Advanced Air Mobility accessible to the masses. Visit www.supernal.aero for more information and follow us on Twitter and LinkedIn.

Contacts:
Jennifer Darland
Supernal
[email protected] 

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Source : Supernal and Korean Air Announce Strategic Partnership to Spur Development of Advanced Air Mobility Vehicles and Operational Ecosystem

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Clients saw an average of 21% improvement 
in commerce-marketing performance

DETROIT, Oct. 18, 2023 /PRNewswire/ — Independently owned, global commerce marketing practice The Mars Agency this week unveiled the newest generation of its Marilyn® Commerce Marketing Technology platform, re-designed to give clients full visibility into the total business impact of their commerce-marketing activities.

Measurement methodologies available to commerce marketers have long been inconsistent in breadth, depth, and even taxonomy, making them woefully inadequate for optimizing investments across the retail landscape.

The upgraded Marilyn platform provides a clear, consistent view of commerce marketing’s impact on brand growth, moving measurement beyond campaign-specific performance metrics like ROAS or ROI to evaluate the bottom-line contribution being made.

Companies using the Marilyn platform have leveraged the richer insights to optimize investments and improve commerce marketing performance by an average of 21% year-over-year.

"Marilyn’s industry-leading capabilities provide a more complete understanding of performance and make it easier for clients to access the information they need," said Jake Berry, EVP, General Manager of The Mars Agency and Marilyn team lead. "The results aren’t just changing our clients’ go-to-market strategies, they are changing their fundamental perception of commerce marketing."

Marilyn drives Total Business Impact through four key solutions:

Data Management: Aggregates and normalizes data from numerous sources to provide a "single source of truth" for commerce-marketing performance. It puts all the necessary data at clients’ fingertips, while delivering the real-time transparency needed to make more informed, timelier decisions.
  Measurement & Intelligence: Unmatched ability to consistently pinpoint incremental ROI and sales lift from commerce marketing by accurately segmenting base sales, the effect of other marketing activities such as trade promotion and advertising, and other macroeconomic and environmental factors.
  Planning Optimization: Unprecedented performance transparency eliminates inefficient spending to improve productivity, accuracy, and profitability. Maximize investments by shifting dollars to the brands with the greatest growth potential and the retailers, programs, and tactics that drive growth.
  Insight & Analytics Hub: User-friendly dashboards designed to serve as "home base" for clients’ complete commerce-marketing needs, provide a seamlessly integrated ecosystem for data analysis, media planning, and financial accounting that incorporates all required internal and external data sources.

About The Mars Agency
The Mars Agency is an award-winning, independently owned, global commerce marketing practice. With talent around the world, they connect people, technology and intelligence to make clients’ business better today than it was yesterday. Learn more at  www.themarsagency.com and meetmarilyn.ai.

Source : The Mars Agency Launches Next-Generation of Commerce-Marketing Platform, Marilyn

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

NEW DELHI, Oct. 18, 2023 /PRNewswire/ — International Tractors Limited (ITL), India’s number one exporter of tractors, has launched 5 tractors, including their electric model – Solis SV Series. The new tractor range also comprises Series S, Series C, Series H, & Series N, and all products offer world-class technology and advanced emission control system for farmer efficiency worldwide. The launch was organized concurrently with ITL’s global conference ‘Global Partners Summit (GPS) 200’ in India where 200+ channel partners participated from various countries.

Leveraging a strong manufacturing base in India and superior worldwide network of 3,000 dealers, ITL offers highest quality products at competitive costs to farmers globally.

Announcing the launch of the five new series, Mr. Sushant Sagar Mittal, Executive Director of ITL said, "Our commitment to develop hero products for our customers with superior quality and offer world class customer service has inspired us to invest Rs. 850 cr. in technology upgradation with our new plant and Rs. 150 cr. into R&D to launch new tractor series. All our new tractors reflect upon our dedication to innovation and our ongoing commitment to ensure prosperity for the world farming community."

Sharing his thoughts on the launch, Mr. Rahul Mittal, Executive Director of ITL said, "We have found a winning formula by combining European styling and Japanese quality at Indian manufacturing costs. The special ingredient in this formula is our constant growth mindset with biggest network of channel partners who dream big, willing to take up new challenges and are ready to reinvent. This formula is shaking up the global tractor industry. Our aim is to help farmers all across the globe to increase their productivity and make a difference in their life. We aim to achieve that through innovation."

Mr. Gaurav Saxena, Director and CEO of International Business at ITL shared, "We believe in a global commitment towards the agri community that transcends borders and value our customer’s prosperity. We have been the No 1. Export brand from India since last 4 years and hold No. 1 position in 15+ countries in the addressable segment. These new five tractor series will enable us to strengthen our position in the world markets with support of our biggest network of over 3000 dealers."

Source : International Tractors Limited (ITL) launches 5 new tractor series; targets to double global sales in next 3 years

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

ISTANBUL, Oct. 18, 2023 /PRNewswire/ — TerraPay, a leading cross-border payments network, and Papara, a leading fintech company in Turkey, have announced a ground-breaking partnership aimed at reshaping the landscape of global money movement. With this strategic alliance, TerraPay and Papara are set to provide nearly 17 million Papara wallet users with a secure, simple, and seamless way to transfer money worldwide.

This collaboration reflects a shared commitment to enhancing financial inclusion and accessibility, with the goal of eliminating obstacles such as friction and high cost surrounding cross-border payments and granting migrant workers and their families greater financial autonomy.

The digital payments market in Turkey is anticipated to witness remarkable growth, projected at 15.78% from 2023 to 2027, resulting in a market volume of US $136.90 billion in 2027.* Papara, as a market leader in Turkey, is renowned for its innovative solutions and unwavering focus on delivering exceptional user experiences. By integrating with TerraPay’s agile technology and extensive global network, complemented by unparalleled compliance capabilities, Papara aims not only to bolster its financial offerings but also to fuel its future expansion initiatives.

"We are thrilled to partner with Papara to redefine the way money moves globally," said Miller Rodriguez, Strategic Relationship and Sales Manager, Europe – UK, TerraPay. "This collaboration marks a significant step forward in our mission to make cross-border payments more accessible and user-friendly for people everywhere. Together with Papara, we aim to empower millions of individuals in Turkey and beyond, with the ability to send money to loved ones, support families, and pursue their dreams."

TerraPay’s innovative and efficient cross-border payment platform has earned itself a reputation as a global leader in facilitating international money transfers. Papara, with its forward-thinking approach and customer-centric solutions, has established itself as a fintech pioneer in Turkey. This partnership between two industry trailblazers holds the promise of revolutionizing cross-border payments, ultimately benefiting millions of individuals and businesses.

"Empowering our customers with fast, secure, and affordable cross-border payment options has always been at the heart of Papara’s mission," said Özge Çelik, Head of Product at Papara. "By joining forces with TerraPay, we are taking a monumental step towards making this mission a reality. Together, we are poised to deliver innovative, hassle-free international money transfer solutions to more than 17 million users, enriching their financial lives and connecting them with the world."

In the coming months, TerraPay and Papara will work closely to roll out their enhanced cross-border payment solutions, providing Papara users with unparalleled access to the global financial landscape.

About TerraPay:

TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 29 global markets and enabling payments to 120+ receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Dubai, Miami, Bogota, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.

About Papara:

Papara is a leading fintech company in Turkey, dedicated to simplifying financial experiences for individuals and businesses. Papara’s user-centric approach has made it a trusted name in the Turkish digital payments landscape. The company offers a range of financial services, including a mobile wallet, prepaid card, and more.

*Source: https://www.statista.com/outlook/dmo/fintech/digital-payments/turkey

Contact: 
Juveria Samrin
[email protected] 

Source : TerraPay and Papara Join Forces to Revolutionize Turkish Cross-Border Payments

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

On October 12, POSCO Holdings signed a joint study agreement with Engie in Perth, Australia, launching a pre-feasibility study for the second stage of green hydrogen production in Western Australia. This agreement follows the first stage, which involves an annual production of 2,000 tons of green hydrogen. With the goal of commencing commercial production in 2028, POSCO Holdings will supply green hydrogen as the necessary reducing agent for HBI production.

POHANG, South Korea, Oct. 18, 2023 /PRNewswire/ — POSCO Holdings has taken its initial stride towards developing green hydrogen* production for eco-friendly steel raw material, Hot Briquetted Iron (HBI)**, in Western Australia.

POSCO Holdings and Engie, a French multinational utility company, signed a joint study agreement on October 12 in Perth, Australia. (From left) Rik De Buyserie, Engie Australia & New Zealand CEO, Bill Johnston, Western Australia’s Minister for Hydrogen, and Ju-ik Cho, the head of POSCO Holdings’ Hydrogen Business Team.

* Green hydrogen refers to clean hydrogen produced by splitting water using renewable energy sources, such as solar and wind energies, with zero carbon emissions.

** Hot Briquetted Iron (HBI) is a product that resembles coal nuggets and is produced by removing oxygen from iron ore. It serves as a vital steel raw material for high-quality steel production when electrically melted.

POSCO Holdings, in partnership with Engie, a French multinational utility company specializing in renewable energy, signed a joint study agreement in Perth, Australia, on October 12. The signing ceremony was attended by Rik De Buyserie, the Australian representative of Engie, Bill Johnston, Western Australia’s Minister for Mines, and Ju-ik Cho, the head of POSCO Holdings’ Hydrogen Business Team. The agreement entails the initiation of a pre-feasibility study for the development of the second stage of green hydrogen production in Western Australia.

During the signing ceremony, Minister Bill Johnston expressed his optimism, stating, "Western Australia is continuously committed to the utilization of renewable energy and green steel production. We believe this pre-feasibility study is a significant step towards the future of clean energy."

POSCO Holdings and Engie are working together to secure a site for renewable energy development for the second phase of green hydrogen production, including the establishment of a concept for electrolysis*** facilities. They are also working together to seek financial support from the Australian government.

*** Electrolysis of water is using electricity to split water into oxygen and hydrogen gas by electrolysis.

The second-stage green hydrogen production project aims to produce and supply between 20,000 and 40,000 tons of green hydrogen annually, covering 10 percent of the reducing agent required for POSCO’s HBI production. POSCO Holdings plans to conclude the pre-feasibility study by the end of this year and proceed with preliminary FEED (front end engineering and design) work, with the goal of commencing commercial production in 2028.

POSCO Group’s strategy involves producing green hydrogen and HBI in Australia, primarily based on large-scale renewable energy sources like solar and wind energies. The group secured a project site within the Boodarie Strategic Industrial Area from the Western Australian government at the end of last year. They are presently conducting the FEED for the first stage of green hydrogen production, which aims to produce approximately 2,000 tons annually, with the objective of realizing commercial production in 2027.

Mr. Cho from POSCO Holdings affirmed, "Australia holds a pivotal role in POSCO Group’s ambitions to achieve carbon neutrality by 2050 and advance in the areas of green hydrogen and green steel." He further explained, "By developing the green hydrogen business in conjunction with green steel, we are committed to fostering synergy across the entire group and establishing a solid business structure, creating a successful model for green hydrogen production."

POSCO Group intends to incrementally enhance the hydrogen reduction rate required for HBI production in Australia, commencing green hydrogen production in 2027, and building a system for hydrogen production amounting to 2 million tons in Australia by 2050. The majority of the green hydrogen produced in Australia is expected to be employed locally as a reducing agent for HBI, with a portion transported to Korea to supply steel mills as a hydrogen reduction agent.

Source : POSCO Holdings Takes First Step in Developing 40,000 Tons of Green Hydrogen Production in Western Australia

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

With a simplified Marketplace ecosystem, Geotab customers can have transparent billing, after sales support and product returns.

SYDNEY, Oct. 18, 2023 /PRNewswire/ — GeotabⓇ, a global leader in connected transportation solutions and ranked the world’s #1 commercial telematics provider by ABI Research, today announced the launch of the Geotab Marketplace Order Now program in Australia featuring Sensata INSIGHTS as its first participating partner. 

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Order Now is a new and simple way for Geotab customers to order solutions right from the Geotab Marketplace ecosystem. As part of the ongoing expansion and development efforts, third-party hardware and software solutions will be available through Geotab Marketplace’s Order Now program, making the process easier than ever. Designed to enhance the user experience, Order Now provides Geotab customers seamless ordering, delivery, and after-sales support for solutions, allowing Geotab customers to expand their fleet management solutions with the click of a button.

Safety and video solutions are becoming increasingly important to fleets as part of their safety programs which is why Geotab chose to kick off the launch of Order Now in Australia with video telematics solutions from Sensata INSIGHTS. Sensata INSIGHTS’ video telematics solutions seamlessly integrate with the Geotab platform, enabling customers to easily set up safety rules and view video footage within one unified platform.

"Drivers are a fleet’s greatest asset and their safety is a top priority. Using video telematics adds a layer of insight into what is happening on the road, allowing fleet operators to feel confident that they are helping keep their drivers safe," said Aaron Kim, Director of Product Strategy at Sensata INSIGHTS. "Adding our solutions to the Order Now program, starting with our KP2 camera, enables Geotab customers to choose a video telematics solution that best serves their fleet and provides them with intelligent insights that can help improve driver safety as well as video footage to help protect themselves against ligation."

The Sensata KP2 is a modular HD road-facing dash cam that offers road and optional driver-facing visibility. It also includes an advanced driver-assistance system (ADAS) with notifications that focus on supporting drivers, including forward collision warnings, lane departure warnings and tailgating warnings. When equipped with a powerful video telematics solution, fleets can get a better picture of what is happening on the road, allowing them to better support and protect their drivers, and improve overall fleet safety and performance. 

"Order Now allows Geotab customers to access a marketplace of solutions with deeply integrated capabilities to the Geotab telematics platform, providing the best user experience," said Sean Killen, Vice President Latin America, Asia and ANZ at Geotab. "We chose Sensata INSIGHTS to launch the program in Australia based on our customers’ demand to have streamlined access to a high-quality video technology to help improve fleet safety, reduce insurance-related costs and support drivers while on the road."

To learn more about the Sensata INSIGHTS solution and Geotab’s Order Now program, visit: https://marketplace.geotab.com/solutions/sensata-insights-kp2-ai-road-and-driver-facing-dashcam/

Additional terms and conditions apply to those Geotab partners that wish to participate in the Order Now programme.To learn more about Geotab Marketplace Order Now, visit https://marketplace.geotab.com/

About Sensata Technologies

Sensata Technologies is a global industrial technology company striving to create a cleaner, more efficient, electrified and connected world. Through its broad portfolio of sensors, electrical protection components and sensor-rich solutions which create valuable business insights, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 21,000 employees and global operations in 13 countries, Sensata serves customers in the automotive, heavy vehicle & off-road, industrial, and aerospace markets. Learn more at www.sensata.com and follow Sensata on LinkedIn, Facebook and Twitter and Instagram.

About Geotab

Geotab is a global leader in connected transportation solutions. We provide telematics — vehicle and asset tracking — solutions to over 47,000 customers in 150 countries. For more than 20 years, we have invested in ground-breaking data research and innovation to enable partners and customers, including Fortune 500 and public sector organisations, to transform their fleets and operations. We connect to over 3.7 million vehicles and process more than 55 billion data points a day so that customers can make better decisions, increase productivity, have safer fleets, and achieve their sustainability goals. Geotab’s open platform and Marketplace, offers hundreds of third-party solution options. Backed by a team of industry leading data scientists and AI experts, Geotab is unlocking the power of data to understand real-time and predictive analytics — solving for today’s challenges and tomorrow’s world. To learn more, visit www.geotab.com/au, follow @GEOTAB on Twitter and LinkedIn or visit the Geotab Blog.

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Source : Geotab Launches Order Now in Australia with Sensata INSIGHTS as the first participating Marketplace Partner

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New locations in Parkway Parade and Holland Village will complement main Orchard hub to bring wealth advisory services closer to affluent clients

SINGAPORE, Oct. 18, 2023 /PRNewswire/ — Citibank Singapore announced today that it will soon have two new satellite wealth advisory hubs here, reinforcing the bank’s continued focus on the country as a key location for its global wealth business.

Slated to open by the first quarter of 2024, the upcoming Parkway Parade and Holland Village facilities will allow the bank’s Citigold and Citigold Private Client customers to better engage with their Relationship Managers while having access to a team of product specialists.

Brendan Carney, Citibank Singapore Chief Executive Officer, said:  "Singapore is one of Citi’s four global wealth hubs and we remain optimistic about its wealth management industry prospects. We are firmly committed to serving the thriving affluent segment here, having seen strong growth in new clients over recent years."

"The two new hubs is a key component of our future-ready hybrid service model, with day-to-day transactions done via mobile app and one main hub plus two satellites for wealth management conversations."

Strategically located at Parkway Parade Level 22 and the new One Holland Village integrated development, these two hubs expand Citibank’s physical footprint in both locations while complementing the main wealth hub at 268 Orchard.

For instance, the Parkway Parade hub will grow the bank’s presence there by more than 60% in floor area from existing facilities on Level 1 and Level 12 combined. The One Holland Village hub is about 80% bigger in size versus the previous Holland Village branch.

Matt Read, Citibank Singapore Retail Banking Head, said: "We are pleased to bring our wealth advisory solutions closer to where our clients are, offering even more flexibility and space for them to have these important discussions with us. Through the new hubs, we hope to extend the reach of our exceptional and personalized banking experience  – one that prioritizes our client’s comfort while being tailored specifically to address their financial needs."

Key features of the two upcoming wealth hubs include:

1.    Customised design elements:

a.    The Parkway Parade hub features a sea view, with its client meeting rooms named after Singapore beaches and islands to reflect its waterfront location.
b.    In the same vein, the rooms at One Holland Village will be named after global art museums, paying recognition to Holland Village’s identity as a vibrant arts and music neighbourhood.  

2.    Private wealth advisory rooms each with video conferencing capabilities, allowing clients to meet their Relationship Managers as well as speak with product specialists remotely.

3.    Event space to host bespoke lifestyle events and investment seminars for up to 35-40 clients.

About Citi: 

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | Twitter: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi  

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Source : Citibank Singapore to Open Two Satellite Wealth Hubs

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

NEW YORK, Oct. 18, 2023 /PRNewswire/ — ExcelFin Acquisition Corp. ("we", "us", "our", or the "Company"), today announced that the Special Meeting originally scheduled for October 18, 2023 (the "Special Meeting") is being adjourned to October 20, 2023. At the Special Meeting, the Company’s stockholders will be asked:

to consider and vote upon a proposal to amend the Company’s amended and restated certificate of incorporation (the "Charter") pursuant to a second amendment to the Charter (the "Extension Amendment") to extend the date by which the Company must effectuate an initial business combination from October 25, 2023 (the "Termination Date") to April 25, 2024, comprised of an initial three-month extension and three subsequent one-month extensions, for a total of six months after the Termination Date (assuming the Company’s initial business combination has not occurred); and to consider and vote upon a proposal to adjourn the Special Meeting to a later date or dates, if necessary, to (i) permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Special Meeting, there are not sufficient votes to approve one or more proposals presented to stockholders for vote or (ii) if stockholders have elected to redeem an amount of shares in connection with the Extension Amendment such that the Company would not adhere to the continued listing requirements of The Nasdaq Global Market ("Nasdaq") (the "Adjournment Proposal").

As a result of this change, the Special Meeting will now be held at 10:00 a.m., Eastern Time, on October 22, 2023, exclusively via live webcast at the following address: https://web.lumiagm.com/276796335.

The record date for the stockholders to vote at the Special Meeting remains the close of business on September 22, 2023 (the "Record Date"). Stockholders who have previously submitted their proxy or otherwise voted and who do not want to change their vote need not take any action. Stockholders as of the Record Date can vote, even if they have subsequently sold their shares. In connection with the adjourned date, the Company has further extended the deadline for holders of the Company’s Class A common stock issued in the Company’s initial public offering to submit their shares for redemption in connection with the Special Meeting to 5:00 p.m. Eastern Time on October 18, 2023. Stockholders who wish to withdraw their previously submitted redemption request may do so prior to the rescheduled meeting by requesting that the transfer agent return such shares.

About ExcelFin Acquisition Corp.

ExcelFin Acquisition Corp. is blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Additional Information and Where to Find It

The definitive proxy statement has been mailed to the Company’s stockholders. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC at the SEC’s web site at www.sec.gov. In addition, the documents filed by Company with the SEC may be obtained free of charge by contacting Company at 100 Kingsley Park Dr., Fort Mill, South Carolina 29715. If you have questions about the proposals or if you need additional copies of the Proxy Statement you should contact our proxy solicitor:

Morrow Sodali LLC
333 Ludlow Street, 5th Floor, South Tower
Stamford, Connecticut 06902
Stockholders may call toll-free: (800) 662-5200
Banks and Brokerage Firms, please call: (203) 658-9400
Email: [email protected]

Participants in the Solicitation

Company and its sponsor, officers and directors may be deemed to be participants in the solicitation of proxies from Company stockholders. Information about Company’s sponsor, officers and directors and their ownership of Company common stock is set forth in the proxy statement for Company’s Special Meeting of Stockholders, which was filed with the SEC on September 26, 2023, and in Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on March 30, 2023. Investors and security holders may obtain more detailed information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the transaction by reading the preliminary and definitive proxy statements regarding the transaction, which were filed by Company with the SEC. 

Non-Solicitation 

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Special Meeting shall not constitute an offer to sell or a solicitation of an offer to buy the securities of the Company, nor shall there be any sale of any such 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 such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Contacts

Investor Relations
Robin Yang, Partner
ICR, LLC
Phone: +1 (646) 308-1475
Email: [email protected]

Public Relations
Brad Burgess, Senior Vice President
ICR, LLC
Phone: +1 (646) 588-0383
Email: BairdMedical.PR@icrinc.com

Source : ExcelFin Acquisition Corp. Announces Adjournment of Special Meeting

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network