BOSTON, August 23, 2021–(BUSINESS WIRE)–SES Holdings Pte. Ltd. (“SES”), the world chief within the improvement and manufacturing of high-performance hybrid Lithium-Steel (Li-Steel) rechargeable batteries for electrical autos (“EVs”), introduced at present that Rohit Makharia, President and COO of SES, will take part in a digital panel referred to as Zero-Emission Transport: Comparative Views on Hydrogen and Electrical Mobility on the Raymond James 2021 Diversified Industrials Convention on Wednesday, August 25.
SES has beforehand introduced that it entered right into a business combination agreement with Ivanhoe Capital Acquisition Corp. (NYSE: IVAN) (“Ivanhoe”), a particular goal acquisition firm (SPAC), pursuant to which SES will grow to be a wholly-owned subsidiary of Ivanhoe.
SES is the world chief in improvement and manufacturing of high-performance Li-Steel batteries for automotive and transportation purposes. Based in 2012, SES is an built-in Li-Steel battery producer with sturdy capabilities in materials, cell, module, AI-powered security algorithms, and recycling. Previously referred to as SolidEnergy Methods, SES is headquartered in Singapore and has operations in Boston, Shanghai and Seoul.
About Ivanhoe Capital Acquisition Corp.
Ivanhoe Capital Acquisition Corp. (NYSE: IVAN) is a particular goal acquisition firm fashioned for the aim of effecting a merger, share alternate, asset acquisition, share buy, reorganization or comparable enterprise mixture with a number of companies. Ivanhoe was fashioned to hunt a goal in industries associated to the paradigm shift away from fossil fuels in the direction of the electrification of business and society.
All statements apart from statements of historic info contained on this press launch are “forward-looking statements.” Ahead-looking statements can usually be recognized by means of phrases corresponding to “imagine,” “might,” “will,” “estimate,” “proceed,” “anticipate,” “intend,” “anticipate,” “ought to,” “would,” “plan,” “undertaking,” “forecast,” “predict,” “potential,” “appear,” “search,” “future,” “outlook,” “goal” and different comparable expressions that predict or point out future occasions or occasions or traits that aren’t statements of historic issues. These forward-looking statements embody, however aren’t restricted to, statements concerning estimates and forecasts of different monetary and efficiency metrics, projections of market alternative and market share. These statements are based mostly on numerous assumptions, whether or not or not recognized on this press launch, and on the present expectations of SES’s and Ivanhoe’s administration and aren’t predictions of precise efficiency. These forward-looking statements are supplied for illustrative functions solely and aren’t supposed to function and should not be relied on by any investor as a assure, an assurance, a prediction or a definitive assertion of truth or likelihood. Precise occasions and circumstances are troublesome or not possible to foretell and will differ from assumptions, and such variations could also be materials. Many precise occasions and circumstances are past the management of SES and Ivanhoe. These forward-looking statements are topic to a lot of dangers and uncertainties, together with adjustments in home and overseas enterprise, market, monetary, political and authorized situations; the lack of the events to efficiently or well timed consummate the enterprise mixture, together with the danger that any required regulatory approvals aren’t obtained, are delayed or are topic to unanticipated situations that might adversely have an effect on the mixed firm or the anticipated advantages of the enterprise mixture or that the approval of the shareholders of SES or Ivanhoe isn’t obtained; the failure to understand the anticipated advantages of the enterprise mixture; dangers referring to the uncertainty of the projected monetary data with respect to SES; dangers associated to the event and commercialization of SES’s battery know-how and the timing and achievement of anticipated enterprise milestones; the consequences of competitors on SES’s enterprise; the danger that the enterprise mixture disrupts present plans and operations of Ivanhoe and SES on account of the announcement and consummation of the enterprise mixture; the flexibility to acknowledge the anticipated advantages of the enterprise mixture, which can be affected by, amongst different issues, competitors, the flexibility of the mixed firm to develop and handle progress profitably, preserve relationships with clients and retain its administration and key staff; dangers relating SES’s historical past of no revenues and internet losses; the danger that SES’s joint improvement agreements and different strategic alliances may very well be unsuccessful; dangers referring to delays within the design, manufacture, regulatory approval and launch of SES’s battery cells; the danger that SES might not set up provide relationships for mandatory elements or pay elements which are dearer than anticipated; dangers referring to competitors and fast change within the electrical automobile battery market; security dangers posed by sure elements of SES’s batteries; dangers referring to equipment used within the manufacturing of SES’s batteries; dangers referring to the willingness of economic automobile and specialty automobile operators and shoppers to undertake electrical autos; dangers referring to SES’s mental property portfolio; the quantity of redemption requests made by Ivanhoe’s public shareholders; the flexibility of Ivanhoe or the mixed firm to subject fairness or equity-linked securities or acquire debt financing in reference to the enterprise mixture or sooner or later and people components mentioned in Ivanhoe’s Annual Report on Kind 10-Okay, filed with the U.S. Securities and Alternate Fee (the “SEC”) on March 31, 2021, beneath the heading “Danger Components,” and different paperwork of Ivanhoe filed, or to be filed, with the SEC referring to the enterprise mixture. If any of those dangers materialize or Ivanhoe’s or SES’s assumptions show incorrect, precise outcomes may differ materially from the outcomes implied by these forward-looking statements. There could also be extra dangers that neither Ivanhoe nor SES presently know or that Ivanhoe and SES at the moment imagine are immaterial that might additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements mirror Ivanhoe’s and SES’s expectations, plans or forecasts of future occasions and views solely as of the date of this press launch. Ivanhoe and SES anticipate that subsequent occasions and developments will trigger Ivanhoe’s and SES’s assessments to vary. Nonetheless, whereas Ivanhoe and SES might elect to replace these forward-looking statements in some unspecified time in the future sooner or later, Ivanhoe and SES particularly disclaim any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing Ivanhoe’s and SES’s assessments as of any date subsequent to the date of this press launch. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.
This press launch pertains to the proposed enterprise mixture between Ivanhoe and SES. This press launch doesn’t represent a proposal to promote or alternate, or the solicitation of a proposal to purchase or alternate, any securities, nor shall there be any sale of securities in any jurisdiction through which such provide, sale or alternate could be illegal previous to registration or qualification beneath the securities legal guidelines of any such jurisdiction. Ivanhoe has filed a Registration Assertion on Kind S-4 with the SEC, which features a doc that serves as a joint prospectus and proxy assertion, known as a proxy assertion/prospectus, and which has not but grow to be efficient. A proxy assertion/prospectus will likely be despatched to all Ivanhoe shareholders. No providing of securities shall be made besides by way of a prospectus assembly the necessities of Part 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Ivanhoe can even file different paperwork concerning the proposed enterprise mixture with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF IVANHOE ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED BUSINESS COMBINATION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION.
Traders and safety holders will be capable of acquire free copies of the registration assertion, the proxy assertion/prospectus and all different related paperwork filed or that will likely be filed with the SEC by Ivanhoe via the web site maintained by the SEC at www.sec.gov. The paperwork filed by Ivanhoe with the SEC additionally could also be obtained freed from cost upon written request to Ivanhoe Capital Acquisition Corp., 1177 Avenue of the Americas, fifth Flooring, New York, New York 10036.
Members within the Solicitation
Ivanhoe, SES and their respective administrators and govt officers could also be deemed to be members within the solicitation of proxies from Ivanhoe’s shareholders in reference to the proposed enterprise mixture. You will discover details about Ivanhoe’s administrators and govt officers and their curiosity in Ivanhoe might be present in Ivanhoe’s Annual Report on Kind 10-Okay for the fiscal yr ended December 31, 2020, which was filed with the SEC on March 31, 2021. An inventory of the names of the administrators, govt officers, different members of administration and staff of Ivanhoe and SES, in addition to data concerning their pursuits within the enterprise mixture, are contained within the Registration Assertion on Kind S-4 filed with the SEC by Ivanhoe. Further data concerning the pursuits of such potential members within the solicitation course of may additionally be included in different related paperwork when they’re filed with the SEC. Chances are you’ll acquire free copies of those paperwork from the sources indicated above.
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