Isos Acquisition Corporation Shareholders Approve Business Combination with Bowlero Corp. and Announce Closing of Business Combination
15 Dezembro 2021 - 6:05PM
Bowlero Corp. (“Bowlero”), the world’s largest owner and operator
of bowling centers and owner of the Professional Bowlers
Association (PBA), today announced the completion of its business
combination (the “Business Combination”) with Isos Acquisition
Corporation (NYSE: ISOS) (“Isos”), a special purpose acquisition
company. The Business Combination was approved by a majority of
Isos stockholders in an extraordinary general meeting on December
14, 2021. Approximately 90% of the votes cast at the meeting were
in favor of the business combination.
Pursuant to the merger, Bowlero merged with and
into Isos, with Isos surviving and being renamed “Bowlero Corp.”
The common stock and warrants of the surviving company are expected
to begin trading on the NYSE Global Market under the symbols “BOWL”
and “BOWL WS,” respectively, on December 16, 2021.
Michelle Wilson and George Barrios, Co-Founders
and Co-Chief Executive Officers of Isos Acquisition Corporation
said, “We are thrilled to see this business combination
successfully executed and look forward to working together with
Tom, Brett and the Bowlero team as they continue to grow this
incredible company.”
Advisors
J.P. Morgan Securities LLC acted as financial
advisor to Bowlero. Paul, Weiss, Rifkind, Wharton & Garrison
LLP acted as acting as legal advisor to Bowlero. Davis Polk acted
as legal advisor to Atairos, a significant holder of Bowlero’s
equity. Proskauer acted as legal advisor to management.
LionTree Advisors LLC served as financial
advisor and placement agent to Isos. Hughes Hubbard & Reed LLP
acted as legal advisor to Isos. J.P. Morgan Securities LLC acted as
lead placement agent and capital markets advisor to Isos. Skadden,
Arps, Slate, Meagher & Flom LLP acted as legal advisor to J.P.
Morgan Securities LLC and LionTree Advisors LLC in their capacities
as placement agents.
About Bowlero Corp
Bowlero Corp. is the worldwide leader in bowling
entertainment, media, and events. With more than 300 bowling
centers across North America, Bowlero Corp serves more than 26
million guests each year through a family of brands that includes
Bowlero, Bowlmor Lanes, and AMF. In 2019, Bowlero Corp acquired the
Professional Bowlers Association, the major league of bowling,
which boasts thousands of members and millions of fans across the
globe. For more information on Bowlero Corp, please
visit BowleroCorp.com.
About Isos Acquisition
Corporation
Isos Acquisition Corporation (NYSE: ISOS) was a
blank check company formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses. Isos
was led by Co-Chief Executive Officers George Barrios and Michelle
Wilson.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
and Section 21E of the Securities Exchange Act of 1934, as amended.
Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “continue,” and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Bowlero’s expectations with respect to future
performance. Bowlero’s actual results may differ from its
expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events.
These forward-looking statements involve
significant risks and uncertainties that could cause the actual
results to differ materially from the expected results. Most of
these factors are outside Bowlero’s control and are difficult to
predict. Factors that may cause such differences include, but are
not limited to: (1) the impact of COVID-19 or other adverse public
health developments; (2) costs related to the business combination;
(3) the ability of Bowlero to grow and manage growth profitably,
maintain relationships with customers, compete within its industry
and retain its key employees; (4) the possibility that Bowlero may
be adversely affected by other economic, business, and/or
competitive factors; (5) the risk that the market for Bowlero’s
entertainment offerings may not develop on the timeframe or in the
manner that Bowlero currently anticipates; (6) general economic
conditions and uncertainties affecting markets in which Bowlero or
operates and economic volatility that could adversely impact its
business, including the COVID-19 pandemic and (7) other risks and
uncertainties that were detailed in the proxy statement/prospectus
filed on Form S-4 with the SEC and as indicated from time to time
in Bowlero’s filings with the SEC. Forward looking statements speak
only as of the date they are made. Except as required by law,
Bowlero does not have any intention or obligation to update or to
publicly announce the results of any revisions to any of the
forward-looking statements to reflect actual results, future events
or developments, changes in assumptions or changes in other factors
affecting the forward-looking statements.
Contacts:
For Media:ICR, Inc.Tom VogelTom.Vogel@icrinc.com
For Investors:ICR, Inc.Ryan
LawrenceRyan.Lawrence@icrinc.com
Ashley DeSimoneAshley.desimone@icrinc.com
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