0001104659-22-048445.txt : 20220421 0001104659-22-048445.hdr.sgml : 20220421 20220421170337 ACCESSION NUMBER: 0001104659-22-048445 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220421 DATE AS OF CHANGE: 20220421 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: North Atlantic Acquisition Corp CENTRAL INDEX KEY: 0001830063 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39923 FILM NUMBER: 22842204 BUSINESS ADDRESS: STREET 1: 121 SOUTH CHURCH STREET CITY: GEORGE TOWN GRAND CAYMAN STATE: E9 ZIP: 00000 BUSINESS PHONE: 35315676959 MAIL ADDRESS: STREET 1: 121 SOUTH CHURCH STREET CITY: GEORGE TOWN GRAND CAYMAN STATE: E9 ZIP: 00000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NAAC Holdco, Inc. CENTRAL INDEX KEY: 0001899770 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: C/O REED SMITH LLP STREET 2: 2850 N. HARWOOD STREET, SUITE 1500 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 353 1 567 6959 MAIL ADDRESS: STREET 1: C/O REED SMITH LLP STREET 2: 2850 N. HARWOOD STREET, SUITE 1500 CITY: DALLAS STATE: TX ZIP: 75201 425 1 tm2213280d1_8k.htm 425

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):  April 21, 2022 (April 21, 2022)

 

North Atlantic Acquisition Corporation

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-39923   N/A
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

 

c/o McDermott Will & Emery LLP

One Vanderbilt Avenue

New York, New York 10017

(212) 547-5400

(Address of principal executive offices, including zip code)

 

 +353 1 567 6959

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on
which registered
Units, each consisting of one Class A Ordinary Share and one-third of one Redeemable Warrant   NAACU   The Nasdaq Stock Market LLC
         
Class A Ordinary Shares, par value $0.0001 per share   NAAC   The Nasdaq Stock Market LLC
         
Redeemable Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share   NAACW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

   

 

 

 

 

 

Item 8.01.Other Events

 

As previously disclosed, on December 16, 2021, BICS SA, a Belgian limited liability company, Torino Holding Corp., a Delaware corporation (“TeleSign” ), North Atlantic Acquisition Corporation, a Cayman Islands exempted company (“NAAC”), North Atlantic Acquisition, LLC, a Delaware limited liability company (“New SPAC”), and NAAC Holdco, Inc., a Delaware corporation and wholly owned subsidiary of NAAC (“New Holdco”), entered into a business combination agreement, pursuant to which, and subject to the terms and conditions contained therein, the business combination (the “Business Combination”) of TeleSign, New Holdco, New SPAC and NAAC will be effected.

 

On April 21, 2022, TeleSign issued a press release (the “Press Release”) announcing TeleSign’s preliminary financial results for the first quarter ended on March 31, 2022. A copy of the Press Release is furnished herewith as Exhibit 99.1.

 

Forward-Looking Statements

 

Certain statements made herein that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events, the proposed business combination between NAAC and TeleSign, the estimated or anticipated future results and benefits of the combined company following the proposed business combination, including the likelihood and ability of the parties to successfully consummate the proposed business combination, future opportunities for the combined company, and other statements that are not historical facts. These statements are based on the current expectations of NAAC’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of NAAC and TeleSign. These statements are subject to a number of risks and uncertainties regarding NAAC’s businesses and the proposed business combination, and actual results may differ materially. These risks and uncertainties include, but are not limited to, general economic, political and business conditions; the inability of the parties to consummate the proposed business combination or the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the outcome of any legal proceedings that may be instituted against the parties following the announcement of the proposed business combination; the receipt of an unsolicited offer from another party for an alternative business transaction that could interfere with the proposed business combination; the risk that the approval of the shareholders of NAAC or TeleSign for the potential transaction is not obtained; failure to realize the anticipated benefits of the proposed business combination, including as a result of a delay in consummating the potential transaction or difficulty in integrating the businesses of NAAC or TeleSign; the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination; the ability of the combined company to grow and manage growth profitably and retain its key employees; the amount of redemption requests made by NAAC’s shareholders; the inability to obtain or maintain the listing of the post-acquisition company’s securities on Nasdaq following the proposed business combination; costs related to the proposed business combination; and those factors discussed in NAAC’s filings with the SEC, including the initial public offering prospectus, which was filed with the SEC on January 21, 2021, in NAAC’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, in NAAC’s Quarterly Report on Form 10-Q for the period ended September 30,2021, in New Holdco’s Registration Statement on Form S-4, and other filings with the SEC. If any of these risks materialize or if assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that NAAC presently does not know or that NAAC currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements provide NAAC’s expectations, plans or forecasts of future events and views as of the date of the Press Release. NAAC anticipates that subsequent events and developments will cause NAAC’s assessments to change. However, while NAAC may elect to update these forward-looking statements at some point in the future, NAAC specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing NAAC’s assessments as of any date subsequent to the date of the Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

 

 

 

 

Additional Information and Where to Find It

 

In connection with the proposed business combination, an affiliate of NAAC has submitted the Registration Statement with the SEC, which includes a preliminary prospectus and preliminary proxy statement. NAAC will mail a definitive proxy statement/final prospectus and other relevant documents to its shareholders. The Press Release is not a substitute for the Registration Statement, the definitive proxy statement/final prospectus or any other document that NAAC will send to its shareholders in connection with the proposed business combination. Investors and security holders of NAAC are advised to read, when available, the proxy statement/prospectus in connection with NAAC’s solicitation of proxies for its special meeting of shareholders to be held to approve the proposed business combination (and related matters) because the proxy statement/prospectus will contain important information about the proposed business combination and the parties to the proposed business combination. The definitive proxy statement/final prospectus will be mailed to shareholders of NAAC as of a record date to be established for voting on the proposed business combination. Shareholders will also be able to obtain copies of the proxy statement/prospectus, without charge, once available, at the SEC’s website http://www.sec.gov or by directing a request to North Atlantic Acquisition Corporation, c/o McDermott Will & Emery LLP, One Vanderbilt Avenue, New York, New York 10017.

 

Participants in the Solicitation

 

NAAC, TeleSign and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of NAAC’s shareholders in connection with the proposed business combination. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed business combination of NAAC’s directors and officers in NAAC’s filings with the SEC including the Registration Statement that has been submitted to the SEC by NAAC, once finalized, which will include the proxy statement of NAAC for the proposed business combination, and such information and names of TeleSign’s directors and executive officers will also be in the Registration Statement submitted to the SEC by NAAC, which will include the proxy statement of NAAC for the proposed business combination.

 

Non-Solicitation

 

The Press Release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of NAAC, the combined company or TeleSign, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.

 

Item 9.01.Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

 

99.1Press Release, dated April 21, 2022.

 

104Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  NORTH ATLANTIC ACQUISITION CORPORATION
     
Date: April 21, 2022 By: /s/ Gary Quin
  Name: Gary Quin
  Title: Chief Executive Officer

 

 

 

EX-99.1 2 tm2213280d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

TeleSign Announces First Quarter 2022 Financial and Operational Results

 

LOS ANGELES – April 21, 2022– TeleSign, the leading provider of Digital Identity and Communications solutions, today released preliminary financial results for the first quarter ended March 31, 2022.

 

“Building on a strong 2021, our first quarter performance with total revenue growth of over 20 percent represents another milestone in TeleSign’s journey to become the global leader in Digital Identity,” said Joe Burton, TeleSign’s Chief Executive Officer. “As our Communications segment continues to grow we are also seeing strong adoption of our Digital Identity offerings, as this segment had another strong quarter, increasing its revenue by almost 30 percent year-over-year driven by solid volume growth with existing and new customers. Based on a strong sales pipeline, further geographical expansion and the launch of several new products within the Digital Identity segment we expect further momentum and reiterate our previously disclosed 2022 targets.”

 

TeleSign and North Atlantic Acquisition Corporation (NASDAQ: NAAC), a publicly traded special purpose acquisition company, previously announced the signing of an agreement and plan of business combination expected to close in Q2 2022. The special meeting of NAAC’s shareholders (the “Special Meeting”) to approve the proposed business combination will be held May 18, 2022 at 11:00 a.m. U.S. Eastern Time, unless postponed or adjourned to a later date or time. The Special Meeting will be held as a virtual meeting only via live audio webcast at https://www.cstproxy.com/naac/2022. Registration instructions for the Special Meeting are provided in the proxy statement included in the Registration Statement on Form S-4 (the “Form S-4”) filed with the U.S. Securities and Exchange Commission (the “SEC”) by NAAC Holdco, Inc. (“NAAC Holdco”), an affiliate of NAAC.

 

“We’re very pleased with TeleSign’s first quarter results, which represent further confirmation of the company’s execution and market opportunity,” said Gary Quin, NAAC’s Chief Executive Officer. “We look forward to the next stage of TeleSign’s journey of becoming a public company.”

 

First Quarter 2022 Financial and Operational Highlights

 

TeleSign enjoyed its strongest sales quarter ever with overall sales bookings doubling on a year-over-year basis. TeleSign also continued to expand and reinforce its geographical coverage for Identity solutions in Spain, Indonesia, Columbia and Canada improving data intelligence coverage across more than 400 million consumers and thereby further expanding Telesign’s addressable market. Specific highlights include:

 

First quarter 2022 consolidated revenue and gross profit increased 20.8 percent and 17.5 percent year-over-year, respectively.
First quarter 2022 Digital Identity revenue and direct margin increased 29.1 percent and 31.6 percent year-over-year, respectively, driven by strong volume growth.
First quarter 2022 Communications revenue and direct margin increased 20.1 percent and 13.1 percent year-over-year, respectively, driven by incremental demand from several large customers.

 

 

 

 

First quarter 2022 gross profit was positively impacted by currency fluctuations. On a constant currency basis, first quarter 2022 gross profit increased 3.9 percent compared to a strong first quarter in 2021.1
First quarter 2022 net revenue retention (NRR) of 124 percent is consistent with trends over the past several quarters.
First quarter 2022 total segment volumes were flat year-over-year. Excluding TeleSign’s Communications business in India, first quarter 2022 total segment volumes increased 19.2 percent year-over-year.

 

US$ in millions  1Q21   1Q22   Year-over-year change 
Communications Revenue  $85.0   $102.0    20.1%
Communications Direct Margin  $16.5   $18.7    13.1%
Communications Direct Margin %   19.5%   18.3%     
Digital Identity Revenue  $7.4   $9.5    29.1%
Digital Identity Direct Margin  $6.2   $8.1    31.6%
Digital Identity Direct Margin %   83.8%   85.5%     
Total Revenue  $92.4   $111.6    20.8%
Total Direct Margin1  $22.7   $26.8    18.1%
Indirect Costs  $(1.5)  $(1.9)   26.6%
Total Gross Profit  $21.2   $24.9    17.5%
Gross Profit Margin %   22.9%   22.3%     
NRR   142.0%   124.0%     
Total Segment Volumes (millions)   5,472    5,441    -0.6%

 

The proposed business combination between TeleSign and NAAC has been unanimously approved by the boards of directors of both NAAC and TeleSign and is expected to close in Q2 2022, subject to customary closing conditions, including the receipt of regulatory approvals and approval by NAAC’s shareholders. Upon closing of the proposed business combination, the name of the post-combination company will be TeleSign, Inc.

 

 

1 In addition to presenting financial measures in accordance with accounting principles generally accepted in the United States of America or GAAP, management’s discussion contains references to direct margin and constant currency financial information, which are non-GAAP financial measures. The direct margin and constant currency financial information presented herein should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.

 

 

 

 

Cautionary Statement Regarding Preliminary Results

 

TeleSign’s results for the fiscal quarter ended March 31, 2022 are preliminary, unaudited and subject to the finalization and closing of TeleSign’s first quarter review and should not be viewed as a substitute for full quarter financial statements prepared in accordance with GAAP. In addition, these preliminary results are not a comprehensive statement of the Company’s financial results for the quarter ended March 31, 2022. The Company cautions you that these preliminary results are not guarantees of future performance or outcomes, and that actual results may differ materially from these described above.

 

Additional Information about the Business Combination and Where to Find It

 

In connection with the business combination, NAAC Holdco filed the Form S-4 (the “Form S-4”) with the SEC. The Form S-4 includes a proxy statement of NAAC and a prospectus of NAAC Holdco, referred to as a proxy statement/prospectus. The proxy statement/prospectus will be sent to all NAAC shareholders. Additionally, NAAC Holdco and NAAC will file other relevant materials with the SEC in connection with the proposed business combination. Copies of the Form S-4, the proxy statement/prospectus and all other relevant materials filed or that will be filed with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov. Before making any voting or investment decision, investors and security holders of NAAC are urged to read the Form S-4, the proxy statement/prospectus and all other relevant materials filed or that will be filed with the SEC in connection with the proposed business combination because they will contain important information about the proposed business combination and the parties to the proposed business combination.

 

Participants in Solicitation

 

Proximus, Belgacom International Carrier Services SA/NV (“BICS”), NAAC and TeleSign and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of NAAC’s shareholders in connection with the proposed business combination. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed business combination of NAAC’s directors and officers in NAAC’s filings with the SEC, including NAAC’s annual report on Form 10-K for the fiscal year ended December 31, 2021 (the “Form 10-K”) and NAAC’s initial public offering prospectus, which was filed with the SEC on January 21, 2021, and NAAC’s subsequent quarterly reports on Form 10-Q. To the extent that holdings of NAAC’s securities by NAAC’s insiders have changed from the amounts reported therein, any such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to NAAC’s shareholders in connection with the business combination will be included in the proxy statement/prospectus relating to the proposed business combination when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph.

 

No Offer or Solicitation

 

This communication shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. This communication shall also not constitute an offer to sell or a solicitation of an offer to buy any securities of NAAC or TeleSign, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

 

 

 

 

Forward-Looking Statements

 

This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 with respect to the proposed business combination between NAAC and TeleSign. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “strategy,” “future,” “opportunity,” “would,” “seem,” “seek,” “outlook” and similar expressions are intended to identify such 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 that could cause the actual results to differ materially from the expected results. These statements are based on various assumptions, whether or not identified in this communication. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. These forward-looking statements include, without limitation, TeleSign’s and NAAC’s expectations with respect to anticipated financial impacts of the proposed business combination, the satisfaction of closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of NAAC’s Form 10-K and initial public offering prospectus, and its subsequent quarterly reports on Form 10-Q. In addition, there will be risks and uncertainties described in the Form S-4 and other documents filed by NAAC or NewCo from time to time with the SEC. These filings would 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. Many of these factors are outside TeleSign’s and NAAC’s control and are difficult to predict. Many factors could cause actual future events to differ from the forward-looking statements in this communication, including but not limited to: (1) the outcome of any legal proceedings that may be instituted against NAAC or TeleSign following the announcement of the proposed business combination; (2) the inability to complete the proposed business combination, including due to the inability to concurrently close the business combination and related transactions, including the private placement of common stock or due to failure to obtain approval of the shareholders of NAAC; (3) the risk that the proposed business combination may not be completed by NAAC’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by NAAC; (4) the failure to satisfy the conditions to the consummation of the proposed business combination, including the approval by the shareholders of NAAC, the satisfaction of the minimum cash requirement following any redemptions by NAAC’s public shareholders and the receipt of certain governmental and regulatory approvals; (5) delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals or complete regulatory reviews required to complete the proposed business combination; (6) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (7) volatility in the price of NAAC’s or TeleSign’s securities; (8) the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the business combination; (9) the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain key employees; (10) costs related to the proposed business combination; (11) changes in the applicable laws or regulations; (12) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors; (13) the risk of downturns and a changing regulatory landscape in the highly competitive industry in which TeleSign operates; (14) the impact of the global COVID-19 pandemic; (15) the potential inability of TeleSign to raise additional capital needed to pursue its business objectives or to achieve efficiencies regarding other costs; (16) the enforceability of TeleSign’s intellectual property, including its patents, and the potential infringement on the intellectual property rights of others, cyber security risks or potential breaches of data security; and (17) other risks and uncertainties described in NAAC’s Annual Report, its initial public offering prospectus, and its subsequent Quarterly Reports on Form 10-Q. These risks and uncertainties may be amplified by the COVID-19 pandemic, which has caused significant economic uncertainty. TeleSign and NAAC caution that the foregoing list of factors is not exclusive or exhaustive and not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. Neither TeleSign nor NAAC gives any assurance that TeleSign or NAAC will achieve its expectations. None of TeleSign or NAAC undertakes or accepts any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, or should circumstances change, except as otherwise required by securities and other applicable laws.

 

 

 

 

About TeleSign

 

TeleSign provides continuous trust to leading global enterprises by connecting, protecting and proactively defending their digital identities. TeleSign verifies over five billion unique phone numbers a month, representing half of the world’s mobile users, and provides critical insight into the remaining billions. The company’s powerful AI and extensive data science deliver identity with a unique combination of speed, accuracy and global reach. TeleSign solutions prevent fraud, secure communications and enable the digital economy by allowing companies and customers to engage with confidence. Learn more at www.telesign.com and follow us on Twitter at @TeleSign.

 

About NAAC

 

NAAC is a blank check company, also commonly referred to as a SPAC, formed for the purpose of effecting a business combination with a company with global ambition, with a primary focus on the consumer, industrials and TMT sectors in Europe or North America, where its Board of Directors has multiple decades of experience.

 

About Proximus

 

Proximus Group (Euronext Brussels: PROX) is a provider of digital services and communication solutions operating in the Belgian and international markets. Delivering communication and entertainment experiences for residential consumers and enabling digital transformation for enterprises, we open up a world of digital opportunities, so people live better and work smarter. Thanks to advanced interconnected fixed and mobile networks, Proximus provides access anywhere and anytime to digital services and data, as well as to a broad offering of multimedia content. Proximus is a pioneer in ICT innovation, with integrated solutions based on IoT, data analytics, cloud and security.

 

 

 

 

Proximus has the ambition to become the reference operator in Europe through next generation networks, a truly digital mindset and a spirit of openness towards partnerships and ecosystems, while contributing to a safe, sustainable, inclusive and prosperous digital Belgium.

 

In Belgium, Proximus’ core products and services are offered under the Proximus, Mobile Vikings and Scarlet brands. The Group is also active in Luxembourg as Proximus Luxembourg SA, under the brand names Tango and Telindus Luxembourg, and in the Netherlands through Telindus Netherlands. The Group’s international carrier activities are managed by BICS, a leading international communications enabler, one of the key global voice carriers and the leading provider of mobile data services worldwide. With TeleSign, the Group also encompasses a fast-growing leader in digital identity services, serving the world’s largest internet brands, digital champions and cloud native businesses.

 

With 11,532 employees, all engaged to offer customers a superior experience, the Group realized an underlying Group revenue of 5,578 million Euros end-2021 . For more information, visit www.proximus.com and www.proximus.be.

 

TeleSign Contacts

Media Contact:

Lerin O’Neill

loneill@TeleSign.com

 

Investor Relations Contact:

Mark Roberts

mark@blueshirt.com

 

Proximus Contacts

Media Contact:

Fabrice Gansbeke

fabrice.gansbeke@proximus.com

 

Haroun Fenaux

haroun.fenaux@proximus.com

 

Investor Relations Contact:

Nancy Goossens

nancy.goossens@proximus.com

 

North Atlantic Acquisition Corp.

Media Contact:

John West

jwest@belvederepr.com

 

Llew Angus

langus@belvederepr.com