CIIG II and Zapp Announce Filing of Amended Registration Statement on Form F-4 by Zapp Electric Vehicles Group...

Logo GlobeNewswire

NEW YORK and LONDON, Jan. 23, 2023 (GLOBE NEWSWIRE) -- CIIG Capital Partners II, Inc. (Nasdaq: CIIG) (CIIG II), a U.S. publicly-listed blank check company, and Zapp Electric Vehicles Limited (Zapp or the Company), a UK-based, high-performance two-wheel electric vehicle company, announce that Zapp Electric Vehicles Group Limited (Pubco) has filed with the Securities and Exchange Commission (SEC) an amended registration statement on Form F-4 (the Amended Registration Statement) containing a preliminary proxy statement and prospectus in connection with their proposed business combination (the Business Combination).

The Business Combination is expected to close in the first half of 2023, subject to stockholder approvals and other customary closing conditions.

CIIG II and Zapp announced on November 22, 2022, a definitive merger agreement that reflects an estimated fully-diluted post-transaction enterprise value of $573 million, consisting of an estimated equity value of $852 million, $274 million in new cash to the balance sheet (assuming no redemptions by CIIG II public stockholders), and $5 million in existing cash1.

The Amended Registration Statement on Form F-4 can be obtained without charge at the SECs website at For a summary of the material terms of the Business Combination as well as a description of Zapps business, please refer to the Amended Registration Statement.

Further Information On The Transaction

For further information on the proposed transaction, please visit or the investor section of

About CIIG Capital Partners II, Inc

CIIG Capital Partners II, Inc. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CIIG IIs units, Class A common stock and warrants trade on the Nasdaq under the ticker symbols CIIGU, CIIG, and CIIGW respectively.

About Zapp

Zapp Electric Vehicles Limited is a British company run by a team of experts from the mobility industry on a mission to redefine the electric two-wheeler segment. Launching its debut product in June 2022, Zapp created the i300 as an urban electric high-performance two-wheeler capable of traditional motorcycle levels of performance in a step-through format, combining ease of use with exhilaration and fun. The i300 is the first in a suite of high-performance electric two-wheelers expected to come to market from Zapp. Zapp is expected to operate a high-quality direct-to-customer (DTC) experience called DSDTC (drop-ship-direct-to-customer). Customers ordering the i300 online will have their bikes conveniently delivered to their home by Zappers who provide at-home inspection, service and support throughout the vehicle ownership lifecycle.

Investor Relations Contact:
Gateway Investor Relations
Cody Slach, Ralf Esper
(949) 574-3860

North America Media Relations Contact:

Gateway PR
Zach Kadletz
(949) 574-3860

Global Media Relations Contact:

Nick Francis
+44 7767615115

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of U.S. federal securities laws with respect to the proposed Business Combination between Zapp, CIIG II and Pubco, including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the anticipated growth in the industry in which Zapp operates and anticipated growth in demand for Zapps products, projections of Zapps future financial results and possible growth opportunities for Zapp. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, budget, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of CIIG IIs securities, (ii) the risk that the transaction may not be completed by CIIG IIs business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by CIIG II, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of CIIG II, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed Business Combination, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vi) the effect of the announcement or pendency of the transaction on Zapps business relationships, performance, and business generally, (vii) risks that the proposed Business Combination disrupts current plans of Zapp or diverts managements attention from Zapps ongoing business operations and potential difficulties in Zapps employee retention as a result of the proposed Business Combination, (viii) the outcome of any legal proceedings that may be instituted against Zapp, Pubco, CIIG II or their respective directors or officers related to the proposed Business Combination, (ix) the ability of Pubco, CIIG II or a successor thereto to maintain the listing of its securities on The Nasdaq Stock Market LLC, (x) volatility in the price of the securities of Pubco, CIIG II or a successor thereto due to a variety of factors, including changes in the competitive and highly regulated industries in which Zapp plans to operate, variations in performance across competitors, changes in laws and regulations affecting Zapps business and changes in the combined capital structure, (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed Business Combination, and identify and realize additional opportunities, (xii) the risk of downturns in the highly competitive electric vehicle industry, (xiii) the ability of Zapp to build the Zapp brand and consumers recognition, acceptance and adoption of the Zapp brand, (xiv) the risk that Zapp may be unable to develop and manufacture electric vehicles of sufficient quality and on schedule and scale, that would appeal to a large customer base, (xv) the risk that Zapp has a limited operating history, has not yet released a commercially available electric vehicle and does not have experience manufacturing or selling a commercial product at scale and (xvi) the risk that Zapp may not be able to effectively manage its growth, including its design, research, development and maintenance capabilities.

The foregoing list of factors is not exhaustive. Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors section of Pubcos registration statement on Form F-4, CIIG IIs Annual Report on Form 10-K and Quarterly Report on Form 10-Q and other documents filed by Pubco, CIIG II or a successor thereto from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. The forward-looking statements in this document represent the views of Zapp, Pubco and CIIG II as of the date of this document. Subsequent events and developments may cause that view to change. Readers are cautioned not to put undue reliance on forward-looking statements, and all forward-looking statements in this document are qualified by these cautionary statements. Zapp, Pubco and CIIG II assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. None of Zapp, Pubco nor CIIG II gives any assurance that Zapp, Pubco or CIIG II will achieve its expectations. The inclusion of any statement in this document does not constitute an admission by Zapp, Pubco or CIIG II or any other person that the events or circumstances described in such statement are material.

Additional Information and Where to Find It

This document relates to the proposed Business Combination between CIIG II, Pubco and Zapp. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act. In connection with the Business Combination, Pubco filed a registration statement on Form F-4 with the SEC (as may be amended from time to time, the Registration Statement) on December 16, 2022, which included a preliminary proxy statement of CIIG II and a preliminary prospectus of Pubco, and after the Registration Statement is declared effective, CIIG II will mail a definitive proxy statement relating to the Business Combination to CIIG IIs stockholders. The Registration Statement, including the proxy statement/prospectus contained therein, when declared effective by the SEC, will contain important information about the Business Combination and the other matters to be voted upon at a meeting of CIIG IIs stockholders to be held to approve the Business Combination (and related matters). Pubco and CIIG II may also file other documents with the SEC regarding the Business Combination. Before making any voting decision, CIIG II stockholders and other interested persons are urged to read the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus, when available, and other documents filed in connection with the Business Combination, as these materials will contain important information about Zapp, Pubco, CIIG II and the Business Combination.

Investors and security holders may obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by CIIG II through the website maintained by the SEC at In addition, the documents filed by CIIG II may be obtained free of charge from CIIG IIs website at or by written request to CIIG II at 40 West 57th Street, 29th Floor, New York, New York 10019.


Participants in the Solicitation

CIIG II, Pubco and Zapp and their respective directors and officers may be deemed to be participants in the solicitation of proxies from CIIG IIs stockholders in connection with the proposed Business Combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of CIIG IIs stockholders in connection with the proposed transactions is set forth in the proxy statement/prospectus. You can find more information about CIIG IIs directors and executive officers in CIIG IIs final prospectus filed with the SEC on September 14, 2021 and in the proxy statement/prospectus. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed Business Combination may be obtained by reading the proxy statement/prospectus regarding the proposed Business Combination. You may obtain free copies of these documents as described in the preceding section.

No Offer or Solicitation

This document is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security of Pubco, Zapp, CIIG II or any of their respective affiliates. No such offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or an exemption therefrom. The contents of this document have not been reviewed by any regulatory authority in any jurisdiction.

1 Projected balance as of February 2023

Continue read on

Logo EIN Presswire
AutoPress Release2023-01-23 07:31:25
Douglas Insights Major Players BYD Company Ltd.; Zhengzhou Yutong Bus Co. Ltd.; Daimler AG; Proterra; VDL Groep BV etc. DOUGLAS, ISLE OF MAN, January 23,...

Logo GlobeNewswire
AutoPress Release2023-01-23 14:00:00
The fourth quarter saw record customer deliveries and 20 percent increase over the previous quarter EUGENE, Ore., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Arcimoto,...

Logo PR Newswire
The Nikola Tre FCEVs will be among the first produced by the Nikola Iveco Europe joint venture ULM, Germany, Jan. 23, 2023 /PRNewswire/ -- Nikola Corporation...

Logo PR Newswire
TEL AVIV, Israel, Jan. 23, 2023 /PRNewswire/ -- Enlight Renewable Energy Ltd. (TASE: ENLT) ("Enlight"), a global renewable energy platform, today announced...

Logo PR Newswire
AutoPress Release2023-01-23 13:00:00
IRVINE, Calif., Jan. 23, 2023 /PRNewswire/ -- Alpha Motor Corporation (Alpha) announced its Reg CF Equity Offering, Electric Vehicles That Move Humanity™, on...

Logo NewsFileCorp
Press Release2023-01-23 12:30:00
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2023) - Hansco Capital Corp. (TSXV: HCO.P) ("Hansco" or the "Company"), a capital pool company...

Logo Nasdaq
Business / FinanceBy Rtt News2023-01-23 12:10:29
(RTTNews) - British drug major AstraZeneca Plc. (AZN.L, AZN) Monday said it is commencing a tender offer to buy all shares of CinCor Pharma, Inc. (CINC), a...

Logo GlobeNewswire
TechnologyPress Release2023-01-23 13:00:00
VANCOUVER, British Columbia, Jan. 23, 2023 (GLOBE NEWSWIRE) -- VERSES Technologies Inc. (NEO:VERS) ("VERSES'' or the "Company) is pleased to announce that...

Logo PR Newswire
NEW YORK, Jan. 23, 2023 /PRNewswire/ -- Attention Affirm Holdings, Inc. ("Affirm") (NASDAQ: AFRM) shareholders: The Law Offices of Vincent Wong announce that...

Logo GlobeNewswire
NEW YORK, Jan. 23, 2023 (GLOBE NEWSWIRE) -- TheNasdaqStock Market announced today that it will delist the common stock of Schmitt Industries, Inc. Schmitt...

Logo GlobeNewswire
SciencePress Release2023-01-23 21:11:00
NEWARK, Calif., Jan. 23, 2023 (GLOBE NEWSWIRE) -- CymaBay Therapeutics, Inc. (Nasdaq: CBAY), a clinical-stage biopharmaceutical company focused on developing...

Logo PR Newswire
ATLANTA, Jan. 23, 2023 /PRNewswire/ -- D and Z Media Acquisition Corp. (NYSE: DNZ) (the "Company") today announced that it will redeem all of the outstanding...

Logo GlobeNewswire

Logo PR Newswire
VANCOUVER, BC, Jan. 23, 2023 /CNW/ - Trading resumes in: Company: The Tinley Beverage Company Inc. CSE Symbol: TNY All Issues: Yes Resumption (ET): 11:00 AM...

Logo NewsFileCorp
Press Release2023-01-23 11:00:00
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2023) - Mundoro Capital Inc. (TSXV: MUN) ( ) (" Mundoro " or the " Company "),...

Logo PR Newswire
HealthPress Release2023-01-23 13:00:00
ST. LOUIS, Jan. 23, 2023 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that it has completed the previously announced divestiture of...

Logo PR Newswire
VANCOUVER, BC, Jan. 23, 2023 /CNW/ - The following issues have been halted by IIROC: Company: The Tinley Beverage Company Inc. CSE Symbol: TNY All Issues:...

Logo GlobeNewswire
TechnologyPress Release2023-01-23 19:00:00
Nokia Corporation Stock Exchange Release 23 January 2023 at 21:00 EET Nokia Corporation: Repurchase of own shares on 23.01.2023 Espoo, Finland On 23 January...

Logo Benzinga
Business / FinanceBy Globe Newswire2023-01-18 21:15:00
Design and Technology Campus will Support the Development and Engineering of Next Generation High-Performance Electric Vehicles and Creates a Base for...

Logo Nasdaq
TechnologyBy Zacks2023-01-23 14:37:00
For Immediate Release Chicago, IL January 23, 2023 Today, Zacks Equity Research discusses Exxon Mobil Corp. XOM, Chevron Corp. CVX, Shell plc SHEL, BP plc BP...