Skilled and Expert Board to take Impact as Get pleasure from Converts to a Public Firm, Following Completion of Enterprise Mixture with Marquee Raine Acquisition Corp.
PALO ALTO, Calif., July 26, 2021 /PRNewswire/ — Enjoy Technology, Inc. (“Get pleasure from” or the “Firm”), a technology-powered service platform reinventing “Commerce at Residence,” and Marquee Raine Acquisition Corp. (“Marquee Raine” or “MRAC”) (NASDAQ: MRAC) immediately introduced Denise Younger Smith and Salaam Coleman Smith as nominees for its post-closing Board of Administrators. These nominations add two extra seasoned executives to Get pleasure from’s Board, that consists of skilled leaders throughout the retail, know-how, leisure and monetary sectors. Get pleasure from’s Board will take impact because the Firm turns into a public firm following the completion of its enterprise mixture with Marquee Raine, anticipated within the third quarter of 2021.
Ms. Younger Smith just lately closed a two-decade profession with Apple, the place she served as its chief human assets govt. She beforehand was the corporate’s first-ever senior govt overseeing inclusion and variety. Ms. Coleman Smith’s intensive media profession contains management positions with The Walt Disney Firm, Comcast Company’s NBCUniversal and Viacom.
Upon the closing of the enterprise mixture with Marquee Raine, Get pleasure from’s Board of Administrators will embrace:
Ron Johnson (Chairman)
Founder and CEO
Get pleasure from Expertise
Co-Chairman, Marquee Raine
Co-Founder and CEO, Incapital
Salaam Coleman Smith
Former Government Vice President, ABC Household
The Walt Disney Firm
Co-Chief Government Officer, Marquee Raine
Accomplice and Head of M&A, The Raine Group
Oak Funding Companions
Chief Administrative and Individuals Officer
Get pleasure from Expertise
Denise Younger Smith
Former Vice President of Worldwide Expertise and Human Assets, Apple
San Francisco 49ers
“I’m thrilled to welcome Denise and Salaam, two extremely proficient executives, as nominees for Get pleasure from’s Board of Administrators,” mentioned Mr. Johnson. “Get pleasure from’s Board can have the proper experience and broad talent set to assist administration speed up our development in our subsequent section as a public firm. I’m desirous to accomplice with these distinguished people as we create the following disruptive channel in retail, ship our beloved personalised experiences to extra prospects around the globe and proceed reinventing ‘Commerce at Residence.'”
Denise Younger Smith
Ms. Denise Younger Smith just lately closed a two-decade profession with Apple Inc. She has served residencies and suggested in academia at Cornell Tech (Cornell Ithaca’s graduate faculty tech campus in Manhattan), at Colorado Faculty and at varied Traditionally Black Faculties and Universities. At Apple, Ms. Younger Smith led the expertise and cultural expertise for a lot of the corporate’s retail retailer initiative, increasing to greater than 400 shops globally earlier than being promoted to the Chief HR function, reporting to Apple’s CEO, Tim Prepare dinner. She additionally served as Apple’s first ever Vice President of Inclusion and Variety, main the corporate’s efforts to see its full ecosystem turn out to be as inclusive as attainable. Ms. Younger Smith earned her B.A. in Communications and Journalism from Grambling State College.
Salaam Coleman Smith
Ms. Salaam Coleman Smith is a media trade chief with intensive enterprise, inventive and working experience solid via her 20+ yr profession at three Fortune 500 Media corporations constructing a number of the strongest manufacturers in leisure, together with The Walt Disney Firm, Comcast NBCUniversal and Viacom. She serves on the Boards of Administrators of Pinterest and Hole Inc. At The Walt Disney Firm, Ms. Coleman Smith served as Government Vice President on the Disney ABC Tv Group overseeing Technique and Programming for ABC Household and Freeform. Beforehand, she had a distinguished 10+ yr tenure at Comcast NBCUniversal the place she served as President of Type Media and steered the profitable scaling of a fast-growing, multi-platform tv community and trend and way of life model. Previous to becoming a member of Comcast NBCUniversal, Ms. Coleman Smith labored at Viacom the place she served as a senior govt inside MTV Networks Worldwide and directed programming technique for Nickelodeon’s world growth in Europe, Asia and Latin America. Ms. Coleman Smith earned her B.S. in Industrial Engineering from Stanford College.
About Get pleasure from Expertise
Get pleasure from Expertise is a technology-powered platform reinventing “Commerce at Residence” to convey one of the best of the shop on to the client. Get pleasure from has shaped multi-year industrial relationships with a number of the main client manufacturers to convey the merchandise, companies and subscriptions their prospects love via the door straight within the consolation and comfort of their houses. Co-founded by Apple retail strategist, Ron Johnson, Get pleasure from has pioneered a brand new retail expertise that we imagine can do all the pieces a standard retail expertise presents, however higher, via its Cell Shops. Get pleasure from presently operates in the USA, Canada and the United Kingdom. Headquartered in Palo Alto, CA, Get pleasure from is main the reinvention of “Commerce at Residence.” To study extra about Get pleasure from, please go to: www.enjoy.com.
Marquee Raine Acquisition Corp. is a newly included clean test firm whose enterprise goal is to impact a merger, share alternate, asset acquisition, share buy, reorganization or related enterprise mixture with a number of companies or entities. Marquee Raine is sponsored by an affiliate of The Raine Group, a number one development TMT-focused advisory and funding platform, and associates of Marquee Sports activities Holdings, a profitable sports activities, media, leisure and hospitality firm led by the Ricketts household. The administration crew and sponsors of Marquee Raine have efficiently taken actions as advisors, buyers, and operators of corporations starting from early-stage enterprise companies to giant company conglomerates with a view to create shareholder worth.
Further Data and The place to Discover It
This press launch pertains to a proposed transaction between Get pleasure from and MRAC. This press launch doesn’t represent a suggestion to promote or alternate, or the solicitation of a suggestion to purchase or alternate, any securities, nor shall there be any sale of securities in any jurisdiction during which such provide, sale or alternate can be illegal previous to registration or qualification beneath the securities legal guidelines of any such jurisdiction. MRAC has filed a registration assertion on Kind S-4 with the SEC, which features a doc that serves as a prospectus and proxy assertion of MRAC, known as a proxy assertion/prospectus. A proxy assertion/prospectus will likely be despatched to all MRAC shareholders. The proxy assertion/prospectus will include necessary details about the proposed transaction and the opposite issues to be voted upon at a rare common assembly of shareholders. MRAC additionally will file different paperwork relating to the proposed transaction with the SEC. Earlier than making any voting resolution, buyers and safety holders of MRAC are urged to learn the registration assertion, the proxy assertion/prospectus and all different related paperwork filed or that will likely be filed with the SEC in reference to the proposed transaction as they turn out to be obtainable as a result of they’ll include necessary details about the proposed transaction.
Buyers and safety holders will be capable of acquire free copies of the registration assertion, the proxy assertion/prospectus and all different related paperwork filed or that will likely be filed with the SEC by MRAC via the web site maintained by the SEC at www.sec.gov.
The paperwork filed by MRAC with the SEC additionally could also be obtained freed from cost upon written request to Marquee Raine Acquisition Corp., 65 East fifty fifth Road, twenty fourth Ground, New York, New York 10022.
Individuals in Solicitation
MRAC and its administrators and govt officers could, beneath SEC guidelines, be deemed individuals within the solicitation of proxies from MRAC’s shareholders in reference to the proposed transaction. A listing of the names of such administrators and govt officers and knowledge relating to their pursuits within the enterprise mixture is contained within the proxy assertion/prospectus filed with the SEC. It’s possible you’ll acquire free copies of those paperwork as described within the previous paragraph.
This press launch comprises sure forward-looking statements inside the that means of the “secure harbor” provisions of the USA Personal Securities Litigation Reform Act of 1995 with respect to the proposed transaction between Get pleasure from and MRAC. These forward-looking statements usually are recognized by the phrases “imagine,” “technique,” “alternative,” “plan,” “suggest,” “forecast,” “could,” “ought to,” “will,” “would,” “will likely be,” “will proceed,” “will doubtless consequence,” or different related expressions that predict or point out future occasions or developments or that aren’t statements of historic issues. Ahead-looking statements are predictions, projections and different statements about future occasions which are primarily based on present expectations of the Firm’s and MRAC’s administration and will not be predictions of precise efficiency. These forward-looking statements are supplied for illustrative functions solely and will not be meant to function and should not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of truth or likelihood. Precise occasions and circumstances are tough or not possible to foretell and can differ from assumptions. Many precise occasions and circumstances are past the management of the Firm and MRAC. Many elements might trigger precise future occasions to vary materially from the forward-looking statements on this press launch, together with however not restricted to: (i) the danger that the transaction is probably not accomplished in a well timed method or in any respect, which can adversely have an effect on the worth of MRAC’s securities, (ii) the danger that the transaction is probably not accomplished by MRAC’s enterprise mixture deadline and the potential failure to acquire an extension of the enterprise mixture deadline if sought by MRAC, (iii) the failure to fulfill the situations to the consummation of the transaction, together with the adoption of the Settlement and Plan of Merger (the “Merger Settlement”) by the shareholders of MRAC, the satisfaction of the minimal quantity following redemptions by MRAC’s public shareholders and the receipt of sure governmental and regulatory approvals in MRAC’s belief account, (iv) the shortage of a 3rd social gathering valuation in figuring out whether or not or to not pursue the proposed transaction, (v) the lack to finish the PIPE Funding, (vi) the incidence of any occasion, change or different circumstance that would give rise to the termination of the Merger Settlement, (vii) the impact of the announcement or pendency of the transaction on Get pleasure from’s enterprise relationships, working outcomes, and enterprise usually, (viii) dangers that the proposed transaction disrupts present plans and operations of Get pleasure from, (ix) the end result of any authorized proceedings that could be instituted in opposition to Get pleasure from or in opposition to MRAC associated to the Merger Settlement or the proposed enterprise mixture, (x) the power to take care of the itemizing of MRAC’s securities on a nationwide securities alternate, (xi) adjustments within the aggressive and controlled industries during which Get pleasure from operates, variations in working efficiency throughout rivals, adjustments in legal guidelines and rules affecting Get pleasure from’s enterprise and adjustments within the mixed capital construction, (xii) the power to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transaction, and determine and understand extra alternatives, (xiii) the danger of downturns and a altering regulatory panorama within the extremely aggressive retail e-commerce trade, (xiv) the potential advantages of the proposed enterprise mixture (together with with respect to shareholder worth), (xv) the results of competitors on Get pleasure from’s future enterprise, (xvi) dangers associated to political and macroeconomic uncertainty, (xvii) the quantity of redemption requests made by MRAC’s public shareholders, (xviii) the power of MRAC or the mixed firm to difficulty fairness or equity-linked securities in reference to the proposed enterprise mixture or sooner or later and (xix) the impression of the COVID-19 pandemic. The foregoing record of things isn’t exhaustive. It is best to rigorously take into account the foregoing elements and the opposite dangers and uncertainties described in MRAC’s closing prospectus filed on December 16, 2020 and the Annual Report on Kind 10-Ok, as amended, for the yr ended December 31, 2020, in every case, beneath the heading “Danger Components,” and different paperwork of MRAC’s filed, or to be filed, with the SEC. These filings determine and deal with different necessary dangers and uncertainties that would trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements converse solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and Get pleasure from and MRAC assume no obligation and don’t intend to replace or revise these forward-looking statements, whether or not on account of new data, future occasions, or in any other case. Neither Get pleasure from nor MRAC offers any assurance that both Get pleasure from or MRAC, or the mixed firm, will obtain its expectations.
SOURCE Get pleasure from