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Cazoo, the UK's leading online car retailer, has completed its business combination with AJAX I, resulting in over
AJAX I (NYSE: AJAX) announced the approval of its Business Combination Agreement with Cazoo Holdings Limited during its annual general meeting. Approximately 61.99% of shareholders participated, with 95.57% voting in favor. The transaction is set to close on August 26, 2021, merging AJAX with Capri Listco, resulting in the operation of Cazoo Group Ltd. The new company's shares and warrants will trade under the symbols 'CZOO' and 'CZOO WS' on the NYSE from August 27, 2021. This merger aims to transform the car buying and selling experience across the UK and Europe.
AJAX (NYSE: AJAX), a special purpose acquisition company, announced that its merger partner, Cazoo Holdings Limited, will participate in the J.P. Morgan Auto Conference on August 12, 2021, at 7:20 AM ET. Cazoo, UK's leading online car retailer, aims to simplify car purchasing for consumers by providing a seamless online experience. An archive of the presentation will be available online. Additionally, the announcement details the proposed business combination involving AJAX, Cazoo, and Capri Listco, with relevant documents filed with the SEC for shareholder review.
AJAX I (NYSE: AJAX) announced preliminary Q2 2021 results from its merger partner, Cazoo Holdings Limited. Cazoo reported a remarkable 605% increase in revenue to approximately £141 million, driven by sales of 10,692 vehicles, a 429% rise year-over-year. Retail gross profit per unit surged to around £460, while total gross profit reached £8 million, marking a positive margin of 5%. The business combination with AJAX, valued at $7.0 billion, is set to complete in Q3 2021, with plans for European expansion underway.
AJAX I (NYSE: AJAX) announced the SEC has declared effective its Form F-4 registration statement for the proposed business combination with Cazoo Holdings Limited, the leading online car retailer in the UK. The record date for the annual meeting is set for June 30, 2021, with the meeting scheduled for August 18, 2021, where shareholders will vote on the transaction. Upon closing, the new company will trade under the ticker symbol 'CZOO' on the NYSE. Shareholder votes are crucial for the approval of this merger.
AJAX I (NYSE: AJAX), a special purpose acquisition company, announced that its merger partner, Cazoo Holdings Limited, will present at the Wells Fargo Virtual ‘Bricks to Clicks’ Digital Conference on June 24, 2021, at 9:20 AM ET. The presentation will be accessible via webcast. Cazoo aims to revolutionize the car buying process in the UK and Europe, allowing customers to purchase, finance, or subscribe to cars online for delivery or collection. The proposed business combination also involves a registration statement filed with SEC, providing insights to shareholders regarding the merger.
AJAX I (NYSE: AJAX) has announced that its merger partner, Cazoo Holdings Limited, the UK’s top online car retailer, will present at two upcoming investor conferences. Morgan Stanley Digital Auto Retail Disruption Day is scheduled for June 10, 2021, at 8:15 AM ET, followed by the Goldman Sachs Digital Economy Conference on June 18, 2021, at 4:50 AM ET. Both presentations will be available via live webcast. Cazoo aims to revolutionize the car buying experience in the UK and Europe, allowing customers to buy, finance, or subscribe to cars online seamlessly.
AJAX I (NYSE: AJAX) announced its merger with Cazoo Holdings, a leading UK online car retailer. For Q1 2021, Cazoo reported a revenue increase of 481% to £113.9 million, with vehicles sold rising 373% to 9,762. Retail gross profit per unit improved to £143. The company remains on track for FY21 revenues nearing $1 billion. Cazoo has strengthened its market presence by completing three acquisitions and plans to expand into Germany and France by year-end. Cash reserves stood strong at £117.6 million, supporting its growth plans.
AJAX I (NYSE: AJAX) announced that its merger partner, Cazoo Holdings Limited, will release its Q1 fiscal 2021 results before the U.S. market opens on May 18, 2021. A conference call will be held at 8:30 a.m. ET to discuss the results. Cazoo is transforming the car buying experience in the UK and Europe, making it as seamless as purchasing any other online product. The press release highlights AJAX's role in facilitating this business combination, with relevant financial documents to be filed with the SEC ahead of the shareholder vote.
Cazoo Holdings Limited and AJAX I have filed a preliminary proxy statement with the SEC regarding their business combination. This merger will rename AJAX to "Cazoo" and is expected to close in Q3 2021. The transaction includes a fully committed PIPE of $800 million and aims to provide approximately $1 billion in gross cash proceeds. Cazoo's objective is to transform the car buying experience in Europe, leveraging the significant market opportunity in online car sales. The deal will retain Cazoo's management team, led by founder Alex Chesterman OBE.
