Virtuoso Acquisition Corp. Stockholders Approve Proposed Merger With Wejo
Source: Business Wire
Transaction Expected to Close on November 18
Combined Company to be Called Wejo
Common Stock and Warrants Expected to Commence Trading on November 19 on the Nasdaq Stock Market as WEJO and WEJOW
Virtuoso Acquisition Corp. ("Virtuoso") (NASDAQ: VOSO), a publicly traded special purpose acquisition company, today announced that Virtuoso stockholders voted to approve its proposed merger with Wejo Group Limited ("Wejo” or the "Company"), a global leader in connected vehicle data, at a Special Meeting of Shareholders held on November 16, 2021.
The merger is expected to close on November 18, 2021 and the common stock and warrants of the combined company, which will be called Wejo, are expected to commence trading on the Nasdaq Stock Market on November 19, 2021 under the new ticker symbols, "WEJO" and "WEJOW," respectively.
"We are very pleased to achieve this important milestone in the merger process and thank our stockholders for their support," said Jeffrey D. Warshaw, Chairman and CEO of Virtuoso. "Wejo has built significant momentum in its business and is demonstrating the huge potential of connected vehicle data through the continued development of its technology platform, as well as its important collaborations with many market-leading companies and OEMs. We are excited to support Wejo as a public company and further establish it as the global leader in connected vehicle data."
The formal results of the vote will be included in a Current Report on Form 8-K, to be filed by Virtuoso with the Securities and Exchange Commission.
About Wejo
Wejo is a global leader in connected vehicle data, revolutionizing the way we live, work and travel by transforming and interpreting historic and real-time vehicle data. The company enables smarter mobility by organizing trillions of data points from 11.8 million vehicles and more than 58 billion journeys globally, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. Wejo partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers. With the most comprehensive and trusted data, information and intelligence, Wejo is creating a smarter, safer, more sustainable world for all. Founded in 2014, Wejo employs more than 250 people and has offices in Manchester in the UK and in regions where Wejo does business around the world. For more information, visit: www.wejo.com.
