NEW YORK, Nov. 2, 2021 /PRNewswire/ -- Motion
Acquisition Corp. ("Motion") (Nasdaq: MOTN), a special purpose
acquisition company, and its merger partner Ambulnz, Inc., dba
DocGo, a leading provider of Mobile Health services and integrated
medical mobility solutions, announced today that their
previously-announced business combination was approved by
Motion's stockholders during an Annual Meeting today in which 99%
of the votes cast were voted in favor of the business
combination. Holders of shares representing approximately 60%
of the shares issued in Motion's initial public offering exercised
their redemption rights. The parties will now look to
complete the proposed business combination as soon as possible
subject to the parties satisfying all other remaining closing
conditions.
About DocGo
DocGo is a leading provider of last-mile Mobile Health services
and integrated medical mobility solutions. DocGo is disrupting the
traditional four-wall healthcare system by providing care at the
scale of humanity. DocGo's innovative technology and dedicated
field staff of certified health professionals elevate the quality
of patient care and drive business efficiencies for facilities,
hospital networks and health insurance providers. With Mobile
Health, DocGo empowers the full promise and potential of telehealth
by facilitating healthcare treatment, in tandem with a remote
physician, in the comfort of a patient's home or workplace.
Together with DocGo's integrated Ambulnz medical transport
services, DocGo is bridging the gap between physical and virtual
care. For more information, please visit www.docgo.com.
About Motion Acquisition Corp.
Motion Acquisition Corp. is a special purpose acquisition company
(SPAC) founded by a management team and board comprised of seasoned
business executives recognized as pioneers in the transportation
software and technology sector that possess substantial operating
and acquisition experience. Motion is listed on Nasdaq under the
ticker symbol "MOTN." For more information, please visit
https://motionacquisition.com/.
Additional Information and Where to Find It
This press release relates to a proposed transaction between
DocGo and Motion. Investors and security holders of Motion are
urged to read the Registration Statement, which includes a final
proxy statement/consent solicitation/prospectus, and any
supplements thereto, 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 DocGo, Motion, and the proposed
Business Combination. Investors and security holders will be
able to obtain free copies of the Registration Statement, the proxy
statement/consent solicitation/prospectus and all other relevant
documents filed or that will be filed with the SEC by Motion, once
such documents are filed, through the website maintained by the SEC
at www.sec.gov.
The documents filed by Motion with the SEC also may be obtained
free of charge at Motion's website at https://motionacquisition.com
or upon written request to Motion's counsel, Graubard Miller, 405
Lexington Avenue, New York, NY
10174. The information contained on, or that may be accessed
through, the websites referenced in this press release is not
incorporated by reference into, and is not a part of, this press
release.
No Offer
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of any 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
other jurisdiction. No offering 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.
Cautionary Statement Regarding Forward-Looking
Statements
This announcement contains forward-looking statements (including
within the meaning of Section 21E of the U.S. Securities Exchange
Act of 1934, as amended, and Section 27A of the U.S. Securities Act
of 1933, as amended) concerning DocGo. These statements include,
but are not limited to, statements that address our expected future
business and financial performance and statements about (i) our
plans, objectives and intentions with respect to future operations,
services and products, (ii) our competitive position and
opportunities, and (iii) other statements identified by words such
as "may", "will", "expect", "intend", "plan", "potential",
"believe", "seek", "could", "estimate", "judgment", "targeting",
"should", "anticipate", "predict" "project", "aim", "goal",
"outlook", "guidance", and similar words, phrases or expressions.
These forward-looking statements are based on management's current
expectations and beliefs, as well as assumptions made by, and
information currently available to, management, and current market
trends and conditions. Forward-looking statements inherently
involve risks and uncertainties, many of which are beyond our
control, and which may cause actual results to differ materially
from those contained in our forward-looking statements.
Accordingly, you should not place undue reliance on such
statements. Particular uncertainties that could materially affect
current or future results include the ability to satisfy remaining
closing conditions and consummate the proposed business
combination; possible accounting adjustments made in the process of
finalizing reported financial results; any risks associated with
global economic conditions and concerns; the effects of global
outbreaks of pandemics or contagious diseases or fear of such
outbreaks, such as the COVID-19 coronavirus pandemic; competitive
pressures; pricing declines; rates of growth in our target markets;
our ability to improve gross margins; cost-containment measures;
legislative and regulatory actions; the impact of legal proceedings
and compliance risks; the impact on our business and reputation in
the event of information technology system failures, network
disruptions, cyber-attacks, or losses or unauthorized access to, or
release of, confidential information; and the ability of the
company to comply with laws and regulations regarding data privacy
and protection. We undertake no intent or obligation to publicly
update or revise any of these forward-looking statements, whether
as a result of new information, future events or otherwise.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/motion-acquisition-corp-and-docgo-announce-shareholder-approval-of-business-combination-301414832.html
SOURCE DocGo