ATLANTA, Dec. 7, 2022
/PRNewswire/ -- D and Z Media Acquisition Corp. (NYSE: DNZ) (the
"Company") today announced that the special meeting in lieu of the
2022 annual meeting of stockholders of the Company (the "Special
Meeting"), originally scheduled for 12:00
p.m. Eastern Time on December 7,
2022, was convened and then adjourned, without conducting
any business, to recommence at 1:30 p.m.
Eastern Time on December 19,
2022 as a virtual meeting via live webcast at
https://www.cstproxy.com/dandzmedia/2022.
The Special Meeting is being held for the sole purpose of
considering and voting on, among other proposals, a proposal to
extend the date by which the Company must consummate an initial
business combination from January 28,
2023 to October 31, 2023 or
such earlier date as determined by the Company's board of directors
(the "Extension").
The record date for the Special Meeting remains the close of
business on November 3, 2022.
Stockholders who have not submitted their proxy for the Special
Meeting, or who wish to change or revoke their proxy, are urged to
do so promptly. Stockholders who have previously submitted their
proxy and do not wish to change or revoke their proxy need not take
any action. If you are a stockholder of record and have questions
or need assistance voting your shares, please contact the Company's
proxy solicitor at: Morrow Sodali LLC, 333 Ludlow Street, 5th
Floor, South Tower, Stamford, CT
06902, phone: (800) 662-5200 (banks and brokers: (203) 658-9400),
email: DNZ.info@investor.morrowsodali.com.
In light of the adjournment, the Company has extended the
deadline for public stockholders to submit their shares for
redemption in connection with the Extension to 5:00 p.m. Eastern Time on December 15, 2022. Stockholders who wish to
withdraw their previously submitted redemption requests may do so
prior to the vote at the Special Meeting by requesting that the
Company's transfer agent, Continental Stock Transfer & Trust
Company, return such shares.
Further information related to attendance, voting and the
proposals to be considered and voted on at the Special Meeting is
described in the definitive proxy statement related to the Special
Meeting filed by the Company with the Securities and Exchange
Commission (the "SEC") on November 15,
2022 (the "Definitive Proxy Statement").
About D and Z Media Acquisition Corp.
D and Z Media Acquisition Corp. is a blank check company formed
for the purpose of entering into a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses. Although the
Company's search for a target business is not limited to a
particular industry or geographic region, it has initially focused
on companies related media, education technology (ed-tech) and
other related industries. The Company's management team includes
Betty Liu (Chairman, President and
CEO) and Mark Wiltamuth (CFO).
Intercontinental Exchange (NYSE: ICE) and Navigation Capital
Partners, Inc. are members of the Company's sponsor.
Forward Looking Statements
This press release includes "forward-looking statements" within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Certain of these
forward-looking statements can be identified by the use of words
such as "believes," "expects," "intends," "plans," "estimates,"
"assumes," "may," "should," "will," "seeks," or other similar
expressions. Such statements may include, but are not limited to,
statements regarding the approval of certain proposals at the
Special Meeting or the implementation of the Extension. These
statements are based on current expectations on the date of this
press release and involve a number of risks and uncertainties that
may cause actual results to differ significantly, including those
risks set forth in the Definitive Proxy Statement, the Company's
most recent Annual Report on Form 10-K and subsequent Quarterly
Reports on Form 10-Q and other documents filed with the SEC. Copies
of such filings are available on the SEC's website at www.sec.gov.
The Company does not assume any obligation to update or revise any
such forward-looking statements, whether as the result of new
developments or otherwise. Readers are cautioned not to put undue
reliance on forward-looking statements.
Additional Information and Where to Find It
The Definitive Proxy Statement has been mailed to the Company's
stockholders of record as of the record date for the Special
Meeting. Investors and security holders of the Company are advised
to read the Definitive Proxy Statement because it contains
important information about the Special Meeting and the Company.
Investors and security holders of the Company may also obtain a
copy of the Definitive Proxy Statement, as well as other relevant
documents that have been or will be filed by the Company with the
SEC, without charge and once available, at the SEC's website at
www.sec.gov or by directing a request to: D and Z Media Acquisition
Corp., 2870 Peachtree Road NW, Suite 509, Atlanta, GA 30305.
Participants in the Solicitation
The Company and certain of its directors and executive officers
and other persons may be deemed to be participants in the
solicitation of proxies from the Company's stockholders in respect
of the proposals to be considered and voted on at the Special
Meeting. Information concerning the interests of the directors and
executive officers of the Company is set forth in the Definitive
Proxy Statement, which may be obtained free of charge from the
sources indicated above.
Contacts
Alex Jorgensen, Prosek Partners,
ajorgensen@prosek.com
D and Z Media Acquisition Corp., ir@dandzmedia.com
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SOURCE D and Z Media