combination that may be required or appropriate as a result of applicable laws; (5) the ability to meet Nasdaq listing standards following the consummation of the business combination; (6) the risk that the business combination disrupts current plans and operations of NextTrip as a result of the announcement and consummation of the business combination; (7) the ability to recognize the anticipated benefits of the 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 third parties and partners and retain its management and key employees; (8) costs related to the business combination; (9) changes in applicable laws or regulations; (10) the possibility that NextTrip or the combined company may be adversely affected by other economic, business, regulatory, and/or competitive factors; (11) the availability of capital to support future operations and NextTrip's estimates of expenses; (12) changes in the assumptions underlying NextTrip's expectations regarding its future business or business model; and (13) other risks and uncertainties that will be set forth in the proxy statement/prospectus to be filed by Genesis with the SEC in connection with the business combination, including those under "Risk Factors" therein, and other documents filed or to be filed from time to time with the SEC by GGAA.
A further list and description of risks and uncertainties can be found in Genesis' periodic reports filed with the SEC and the proxy statement/prospectus that will be filed with the SEC by Genesis in connection with the proposed transaction, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Any forward-looking statement made by us in this press release is based only on information currently available to Genesis and NextTrip and speaks only as of the date on which it is made. Genesis and NextTrip undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law. Forecasts and estimates regarding NextTrip's industry and end markets are based on sources GGAA and NextTrip believe to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and do not reflect actual results.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such 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, or an exemption therefrom.
Contacts
NextTrip
Bill Kerby, CEO
Tel: 954 734 8980
Email: bkerby@nexttrip.com
Genesis Growth Tech Acquisition Corp.
Eyal Perez, CEO
Tel: +41 78 607 99 01
Email: ep@genfunds.com
(END) Dow Jones Newswires
May 22, 2023 17:57 ET (21:57 GMT)