Motion Acquisition Corp. and DocGo Announce Shareholder Approval of Business Combination
NEW YORK, November 2, 2021 / PRNewswire / – Motion Acquisition Corp. (“Motion”) (Nasdaq: MOTN), a specialist acquisition company, and its merger partner Ambulnz, Inc., dba DocGo, a leading provider of mobile health services and integrated medical mobility solutions, today announced that its previously announced business combination has been approved by Motion shareholders at an annual meeting today during which 99% of the votes cast were in favor of the business combination. Shareholders representing approximately 60% of the shares issued under Motion’s initial public offering have exercised their redemption rights. The parties will now seek to complete the proposed business combination as soon as possible, subject to the parties meeting all other remaining closing conditions.
DocGo is a leading provider of last mile mHealth services and integrated medical mobility solutions. DocGo disrupts the traditional four-walled healthcare system by providing care on a human scale. DocGo’s innovative technology and dedicated field staff of certified healthcare professionals improve the quality of patient care and improve the business efficiency of facilities, hospital networks and health insurance providers. With Mobile Health, DocGo reinforces the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, from the comfort of a patient’s home or workplace. With DocGo’s integrated Ambulnz medical transport services, DocGo bridges the gap between physical and virtual care. For more information, please visit www.docgo.com.
About Motion Acquisition Corp.
Motion Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) founded by a management team and board of directors made up of seasoned business executives recognized as pioneers in the transportation software and technology industry who have experienced considerable in terms of exploitation and acquisition. Motion is traded on Nasdaq under the symbol “MOTN”. For more information, please visit https://motionacquisition.com/.
Additional information and where to find it
This press release concerns a proposed transaction between DocGo and Motion. Investors and securityholders of Motion are urged to read the registration statement, which includes a Final Proxy Circular / Solicitation of Consent / Prospectus, and all supplements thereto, as well as all other documents. Relevant documents filed or will be filed with the SEC as part of the Business Combination proposal as they become available, as they will contain important information about DocGo, Motion and the proposed business combination. Investors and security holders will be able to obtain free copies of the Registration Statement, Proxy Circular / Solicitation of Consent / Prospectus and all other relevant documents filed or to be filed with the SEC by motion, once these documents are filed, via the website. maintained by the SEC at www.sec.gov.
The documents filed by Motion with the SEC can also be obtained free of charge from Motion’s website at https://motionacquisition.com or upon written request to Motion’s attorney, Graubard Miller, 405 Lexington Avenue, New York, New York State 10174. The information contained on, or accessible through, the websites referenced in this press release is not incorporated by reference into, and does not form part of, this press release.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be. illegal before registration. or qualification under the securities laws of that other jurisdiction. No offer of securities will be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended.
Caution Regarding Forward-Looking Statements
This announcement contains forward-looking statements (including within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and Section 27A of the US Securities Act of 1933, as amended) regarding DocGo. These statements include, without limitation, statements that relate to our future business and financial performance and statements regarding (i) our plans, objectives and intentions with respect to future operations, services and products, (ii) our competitive position and our opportunities, and (iii) other statements identified by words such as “may”, “will”, “expect”, “intend to”, “plan”, “potential” , “believe”, “seek”, “could”, “estimate”, “judgment”, “targeting”, “should”, “anticipate”, “predict” “project”, “objective”, “objective”, “perspective “,” orientation “, and similar words, phrases or expressions. These forward-looking statements are based on the current expectations and beliefs of management, as well as on the assumptions made by management and on information currently available to it, as well as on current market trends and conditions. Forward-looking statements inherently involve risks and uncertainties, many of which are beyond our control, and which may cause actual results to differ materially from those contained in our forward-looking statements. Therefore, you should not place undue reliance on these statements. Specific uncertainties that could significantly affect current or future results include the ability to meet remaining closing conditions and complete the proposed business combination; any accounting adjustments made as part of the process of finalizing the published financial results; any risk associated with global economic conditions and concerns; the effects of global epidemics of pandemics or contagious diseases or the fear of such epidemics, such as the COVID-19 coronavirus pandemic; competitive pressures; price drop ; growth rate in our target markets; our ability to improve our gross margins; cost containment measures; legislative and regulatory actions; the impact of legal proceedings and compliance risks; the impact on our business and reputation in the event of computer system failure, network disruption, cyber attacks, loss of or unauthorized access to or disclosure of confidential information; and the company’s ability to comply with laws and regulations regarding privacy and data protection. We have no intention or obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.