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Draper Oakwood Technology Acquisition Sets Record Date for 19 December Shareholder Vote
Thursday 06 December 2018

6 December 2018 - US-based special purpose acquisition company Draper Oakwood Technology Acquisition, Inc. (NASDAQ: DOTA) has set 5 December as the record date for shareholders voting at a 19 December special meeting regarding the company's pending acquisition of Singapore-based, Asia Pacific online luxury marketplace and platform Reebonz Ltd, the company said.

In September, Draper Oakwood Technology Acquisition and Reebonz entered into a definitive business combination agreement, pursuant to which DOTA and Reebonz will become subsidiaries of a newly created Cayman Islands exempted company, DOTA Holdings Ltd.

Following the completion of the transaction, RBZ will be renamed Reebonz Holding Ltd.

It is expected that RBZ will apply for listing of its ordinary shares on the NASDAQ Stock Market under the ticker "RBZ."

The combined company will continue to be led by Reebonz's experienced management team under a leadership of chief executive officer and co-founder Samuel Lim.

Reebonz (pronounced "ribbons") is a leading online luxury marketplace and platform in the Asia Pacific region for buying and selling new and pre-owned products.

Headquartered in Singapore and founded in 2009, Reebonz is the trusted online marketplace and platform for buying and selling new and preowned luxury products in the Asia Pacific region.

Leveraging data and technology, Reebonz makes luxury accessible by operating as an eco-system of B2C e-tail and B2C marketplace for over 1,000 brands and 172 boutiques, supported by C2C marketplaces that enable individuals to sell through its platform.

With an easy shopping experience, members get access to the selection of products that Reebonz sources as well as from a curation multi-brand luxury boutiques from all around the world.

Investors include prominent venture capital investors, strategic investors and individuals such as Vertex Ventures, GGV Capital, Intel Capital, Matrix Partners China, Mediacorp, SGInnovate, FengHe Group, OCBC Bank, Richard Ji (CIO and Managing Partner of All Star Investments), and Richard Liu (managing director of Morningside Venture Capital), amongst others.

Draper Oakwood Technology Acquisition is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganisation, or similar business combination.

DOTA raised approximately USD 57.5m from public stockholders in connection with its initial public offering in September 2017.
Details
Date Published: 06/12/2018
Target: Reebonz Ltd
Country: Singapore
Sector: Wholesale/Retail
Type: LBO
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: Draper Oakwood Technology Acquisition
Comment:
Terms of the deal were not disclosed

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