Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE) Recommends Shareholders Vote in Favor of the Proposed Business Combination with SoFi

Rhea-AI Summary

Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE) urges shareholders to vote in favor of its merger with Social Finance, Inc. (SoFi). The extraordinary general meeting is scheduled for May 27, 2021, at 12 p.m. ET, both in-person and via live webcast. Voting options include online, telephone, and mail, with detailed instructions provided. All shareholders as of the record date, April 29, 2021, are encouraged to participate, highlighting the importance of every vote in this significant business combination.

Positive

• Shareholders are urged to vote on the proposed merger with SoFi.
• The vote has significant implications for the future of the company.

Negative

• None.

Social Capital Hedosophia Holdings Corp. V (“SCH” or the “Company”) (NYSE: IPOE), a publicly traded special purpose acquisition company, recommends its shareholders vote in favor of the Company’s proposed business combination with Social Finance, Inc. (“SoFi”), a leading next-generation financial services platform, and the related proposals described in the Company’s definitive proxy statement dated May 7, 2021 (the “Proxy Statement”), at SCH’s extraordinary general meeting (the “extraordinary general meeting”). The extraordinary general meeting will be held at 12 p.m. Eastern Time on May 27, 2021, at the offices of Skadden, Arps, Slate, Meagher & Flom LLP located at 525 University Ave, Palo Alto, CA 94301, or virtually via live webcast at https://www.cstproxy.com/socialcapitalhedosophiaholdingsv/sm2021, as further described in the Proxy Statement. Shareholders will be permitted to attend the extraordinary general meeting in person only to the extent consistent with, or permitted by, applicable law and directives of public health authorities, and we strongly urge you to attend the extraordinary general meeting virtually.

IPOE shareholders as of April 29, 2021, the record date for the extraordinary general meeting (the “record date”), are entitled to vote their shares either in person or by proxy card to ensure that their shares will be represented at the extraordinary general meeting.

Every shareholder’s vote is important, regardless of the number of shares held. As such, all shareholders as of the record date are encouraged to vote as soon as possible.

Voting is easy and free:

• Vote Online (Highly Recommended): Follow the instructions provided by your broker, bank or other nominee on the Voting Instruction Form mailed (or emailed) to you. You will need your voting control number, which is included on the Voting Instruction Form to vote online.

• Vote by Telephone: Follow the instructions provided by your broker, bank or other nominee on the Voting Instruction Form mailed (or emailed) to you. You will need your voting control number, which is included on the Voting Instruction Form to vote via automated telephone service.

• Additionally, you can also vote by Mail: Follow the instructions provided by your broker, bank or other nominee on the Voting Instruction Form mailed (or emailed) to you. You will need your voting control number, which is included on the Voting Instruction Form mailed (or emailed) to you in order to vote by mail.
  
  Be sure to:
  • Mark, sign and date your Voting Instruction Form;
  • Fold and return your Voting Instruction Form in the postage-paid envelope provided; and
  • Return your Voting Instruction Form prior to the date of the extraordinary general meeting.

Additional information is available at voteIPOE.com.

YOUR VOTING CONTROL NUMBER IS FOUND ON YOUR VOTING INSTRUCTION FORM. If you did not receive or misplaced your Voting Instruction Form, contact your bank, broker or other nominee for a replacement or to obtain your control number in order to vote. A bank, broker or other nominee is a person or firm that acts as an intermediary between an investor and the stock exchange, who can help you vote your shares.

IPOE Shareholder FAQ

How do I vote my shares?

If your shares were held in “street name” (meaning you purchased through a broker, bank or other nominee) as of the close of business on April 29, 2021, contact them immediately to obtain your control number and instructions to vote via the internet, by telephone or by mail.

Can I still vote if I no longer own my shares?

Yes, if you owned shares as of the close of business on April 29, 2021, the record date for the extraordinary general meeting, and unless you grant a proxy to the transferee, you can still vote your shares even if you no longer own them.

Can I vote if I bought my shares AFTER the record date of April 29, 2021?

No, you can only vote shares you held as of April 29, 2021. You cannot vote any shares you may have bought after April 29, 2021.

Can I vote if I own only a small quantity of shares?

Yes, shareholders of all sizes are encouraged to vote. If you owned shares as of the close of business on April 29, 2021, the record date for the extraordinary general meeting, you are eligible to vote your shares – no matter how many you own.

Where can I find my voting control number?

Your voting control number is the number provided in large bold text on your Voting Instruction Form that was mailed (or emailed) to you with your proxy materials. If your shares are held by a bank, broker or other nominee, and you cannot locate your control number, you will need to contact them to obtain your control number.

What is the deadline for casting my vote?

All shareholder votes must be cast as soon as possible before May 27, 2021.

How do I attend the extraordinary general meeting on May 27, 2021 at 12 p.m. ET?

The extraordinary general meeting will be held at the offices of Skadden, Arps, Slate, Meagher & Flom LLP at 525 University Ave, Palo Alto, CA 94301 and virtually via live webcast at https://www.cstproxy.com/socialcapitalhedosophiaholdingsv/sm2021. Please follow the instructions in

FAQ

What is the date of the extraordinary general meeting for IPOE?

The extraordinary general meeting for IPOE is scheduled for May 27, 2021, at 12 p.m. ET.

How can IPOE shareholders vote on the merger with SoFi?

IPOE shareholders can vote online, by telephone, or by mail using their voting control number.

What is the record date for voting on the IPOE merger?

The record date for voting is April 29, 2021.

Can IPOE shareholders vote if they no longer own their shares?

Yes, if they owned IPOE shares as of the record date, they can still vote.

Where can I find my voting control number for the IPOE vote?

Your voting control number is on the Voting Instruction Form mailed or emailed to you.