MANCHESTER, England, September 09, 2021–(Business WIRE)–Wejo, a world leader in related automobile data, today introduced that it is collaborating in Piper Sandler’s Worldwide Technologies Convention on Monday, September 13 and Citi’s Global Technology Convention on Tuesday, September 14.
At the conferences, Wejo Founder and CEO Richard Barlow and CFO John Maxwell will go over the company’s mission to revolutionize the way we live, function and travel via connected vehicle knowledge, as effectively as the company’s capability to examine this data quickly and competently, and why its details is an invaluable tool for a broad variety of businesses and organisations.
On May perhaps 28, 2021, Wejo entered into a definitive merger agreement with Virtuoso Acquisition Corp. (NASDAQ:VOSO). The transaction, which integrated a thoroughly dedicated $100 million PIPE bundled assist from direct strategic buyers which includes Palantir Technologies Inc. and Normal Motors, Microsoft, and Sompo Holdings of Japan.
Noteworthy Wejo highlights involve:
Wejo’s knowledge comes instantly from autos, and its cloud knowledge platform, Wejo ADEPT, has several practical apps, like examining targeted traffic patterns to reducing congestion and increasing road protection, amongst a lot of other folks.
Wejo serves a rising and diversified consumer foundation that incorporates fleet and logistics firms, analysis institutions, mapping technology suppliers, car or truck makers, building and real estate corporations, as well as DOTs and mobility organizations like NCDOT.
In accordance to McKinsey, by 2030, about 95% of new cars offered globally will be connected, up from roughly 50% these days, and the international current market possibility of the resulting data is approximated to get to $600 billion by 2030. Related autos are fitted with hundreds of sensors, every single telling the tale of the vehicle’s existing state and how it is utilized. Superior interaction units then exchange personal vehicle, journey and geospatial facts with private smart equipment, other motor vehicles, IoT equipment and transportation infrastructure, these as roadside targeted traffic cabinets. As related motor vehicles and clever mobility infrastructure expand, alongside with the seamless circulation of details concerning them, motorists will profit from enhanced basic safety and performance in the transportation network, from intersections to arterial and highways.
Wejo is a worldwide chief in related car or truck information, revolutionizing the way we live, do the job and travel by reworking and deciphering historic and true-time car or truck facts. The enterprise enables smarter mobility by arranging trillions of details factors from in excess of 11 million vehicles and much more than 48 billion journeys globally, across multiple manufacturers, would make and designs, and then standardizing and boosting those streams of information on a wide scale. Wejo partners with moral, like-minded companies and companies to switch that info into insights that unlock worth for consumers. With the most complete and trustworthy info, facts and intelligence, Wejo is producing a smarter, safer, much more sustainable world for all. Started in 2014, Wejo employs more than 200 people today and has workplaces in Manchester in the British isles and in regions in which Wejo does organization close to the environment. For extra information and facts, pay a visit to: www.wejo.com.
This conversation features “ahead-hunting statements” within just the meaning of the “protected harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-seeking statements are offered for illustrative purposes only and are not meant to serve as, and need to not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of point or probability. Virtuoso Acquisition Corp.’s (“Virtuoso“) and Wejo Limited’s, a non-public limited business integrated underneath the rules of England and Wales with corporation number 08813730 (“Wejo“) genuine effects could vary from their anticipations, estimates, and projections and, as a result, you should really not depend on these ahead-hunting statements as predictions of long term functions. Text these types of as “anticipate,” “estimate,” “venture,” “spending budget,” “forecast,” “anticipate,” “intend,” “plan,” “may well,” “will,” “could,” “should really,” “believes,” “predicts,” “probable,” “carry on,” and equivalent expressions (or the negative variations of this kind of words and phrases or expressions) are meant to detect such ahead-on the lookout statements. These ahead-looking statements contain, without having limitation, Virtuoso’s and Wejo’s anticipations with respect to potential effectiveness and predicted economic impacts of the proposed business blend, the fulfillment or waiver of the closing problems to the proposed small business blend, and the timing of the completion of the proposed business enterprise combination.
These ahead-hunting statements include substantial threats and uncertainties that could lead to the true outcomes to vary materially, and perhaps adversely, from those expressed or implied in the ahead-searching statements. Most of these elements are outside the house Virtuoso’s and Wejo’s regulate and are complicated to predict. Factors that might trigger these types of variations incorporate, but are not limited to: (i) the event of any celebration, adjust, or other instances that could give rise to the termination of the Arrangement and Plan of Merger (the “Merger Arrangement“) (ii) the result of any lawful proceedings that may possibly be instituted towards Virtuoso, Wejo Team Minimal, a business integrated less than the regulations of Bermuda (the “Corporation“) and/or Wejo adhering to the announcement of the Merger Arrangement and the transactions contemplated therein (iii) the lack of ability to entire the proposed business blend, like owing to failure to receive acceptance of the stockholders of Virtuoso, sure regulatory approvals, or the fulfillment of other disorders to closing in the Merger Agreement (iv) the prevalence of any party, improve, or other circumstance that could give increase to the termination of the Merger Settlement or could if not lead to the transaction to fail to close (v) the influence of the COVID-19 pandemic on Wejo’s company and/or the capacity of the get-togethers to entire the proposed organization mixture (vi) the incapacity to get or keep the listing of the Company’s popular shares on the Nasdaq Inventory Sector following the proposed business combination (vii) the threat that the proposed company mixture disrupts recent plans and functions as a final result of the announcement and consummation of the proposed company mixture (viii) the potential to acknowledge the predicted rewards of the proposed business blend, which might be impacted by, among other points, competitors, the capability of Wejo to grow and manage growth profitably, and keep its important workers (ix) prices connected to the proposed enterprise mix (x) alterations in relevant legislation or rules and (xi) the chance that Wejo, Virtuoso or the Company might be adversely impacted by other economic, enterprise, and/or competitive things. The foregoing list of elements is not special. More information and facts concerning selected of these and other danger components is contained in Virtuoso’s most current filings with the SEC and is contained in the Company’s preliminary Type S-4 (the “Sort S-4“), which was filed on July 16, 2021 (as amended on September 7, 2021), together with the preliminary proxy statement/prospectus expected to be submitted in connection with the proposed business mix. All subsequent prepared and oral forward-wanting statements regarding Virtuoso, Wejo or the Enterprise, the transactions explained herein or other matters and attributable to Virtuoso, the Organization or any particular person acting on their behalf are expressly capable in their entirety by the cautionary statements higher than. Audience are cautioned not to spot undue reliance on any ahead-hunting statements, which communicate only as of the date made. Each individual of Virtuoso, Wejo and the Firm expressly disclaims any obligations or endeavor to release publicly any updates or revisions to any ahead-seeking statements contained herein to reflect any alter in their expectations with respect thereto or any modify in occasions, disorders, or conditions on which any statement is primarily based, except as demanded by legislation.
No Provide or Solicitation.
This communication is not a proxy statement or solicitation of a proxy, consent, or authorization with regard to any securities or in regard of the proposed company combination and shall not represent an present to provide or a solicitation of an supply to buy the securities of Virtuoso, the Firm or Wejo, nor shall there be any sale of any these kinds of securities in any point out or jurisdiction in which this kind of give, solicitation, or sale would be unlawful prior to registration or qualification underneath the securities rules of this sort of condition or jurisdiction. No supply of securities shall be created except by means of a prospectus assembly the necessities of Area 10 of the Securities Act of 1933, as amended, or exemptions therefrom.
Essential Info About the Proposed Organization Blend and Wherever to Uncover It.
In relationship with the proposed business blend, a preliminary registration assertion on Type S-4 was submitted by the Corporation with the SEC on July 16, 2021 (as amended on September 7, 2021). The Type S-4 incorporated preliminary proxy statements to be distributed to holders of Virtuoso’s common inventory in relationship with Virtuoso’s solicitation for proxies for the vote by Virtuoso’s stockholders in link with the proposed organization combination and other issues as explained in the Kind S-4, as very well as a prospectus of the Corporation relating to the offer you of the securities to be issued in connection with the completion of the enterprise combination. Virtuoso, Wejo and the Organization urge traders, stockholders and other intrigued folks to study the Sort S-4, which includes the proxy assertion/prospectus integrated by reference therein, as very well as other files filed with the SEC in connection with the proposed company mixture, as these products contain important facts about Wejo, Virtuoso, and the proposed small business mix. Such persons can also examine Virtuoso’s closing prospectus dated January 21, 2021 (SEC File No. 333-251781), for a description of the safety holdings of Virtuoso’s officers and administrators and their respective passions as safety holders in the consummation of the proposed enterprise blend. Following the Sort S-4 has been declared successful, the definitive proxy statement/prospectus will be mailed to Virtuoso’s stockholders as of a record day to be established for voting on the proposed enterprise combination. Stockholders will also be in a position to receive copies of these files, devoid of cost, at the SEC’s web site at www.sec.gov, or by directing a request to: Virtuoso Acquisition Corp., 180 Submit Street East, Westport, CT 06880, or (203) 227-1978. These documents can also be received, without the need of cost, at the SEC’s web site (http://www.sec.gov).
Expense IN ANY SECURITIES Explained HEREIN HAS NOT BEEN Approved OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY Passed On OR ENDORSED THE Merits OF THE Providing OR THE Precision OR ADEQUACY OF THE Data CONTAINED HEREIN. ANY Representation TO THE Opposite IS A Legal OFFENSE.
Individuals in the Solicitation.
Virtuoso, Wejo, the Firm and their respective directors, government officers and other customers of their administration and personnel, beneath SEC procedures, may perhaps be considered to be individuals in the solicitation of proxies of Virtuoso’s stockholders in link with the proposed business combination. Buyers and safety holders may receive more detailed data concerning the names, affiliations and passions of Virtuoso’s directors and government officers in Virtuoso’s closing prospectus dated January 21, 2021 (SEC File No. 333-251781), which was filed with the SEC on January 26, 2021. Details concerning the persons who may possibly, less than SEC rules, be deemed members in the solicitation of proxies of Virtuoso’s stockholders in connection with the proposed organization combination will be established forth in the proxy assertion/prospectus for the proposed organization mixture when available. Facts relating to the interests of Virtuoso’s and Wejo’s members in the solicitation, which may well, in some conditions, be diverse than individuals of Virtuoso’s and Wejo’s fairness holders usually, will be established forth in the proxy statement/prospectus relating to the proposed business enterprise mix when it turns into offered.
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