Dutch Star Companies ONE announces agreement on business combination with CM.com and convenes two extraordinary general meetings to seek shareholders’ approval on 20 February 2020

Dutch Star Companies ONE, a special purpose acquisition company, listed on Euronext Amsterdam (symbol: DSC1) today announces that it has reached agreement with CM.com, a global Conversational Commerce platform that provides enterprises full-scale CPaaS (Communication Platform as a Service) services with integrated payment solutions on a business combination.

CM.com is a global mobile services provider that offers its customers a combination of end-to-end private cloud-based communication and payment services. The platform includes messaging channels, such as SMS, WhatsApp Business, Apple Business Chat and Google RCS. CM.com has accumulated the necessary knowhow and developed a proprietary technology platform over the past 20 years and believes it is now ideally positioned to take advantage of the vast global demand for Conversational Commerce and progress to the next phase of growth by scaling up its operations.

The business combination will give CM.com a listing on Euronext Amsterdam and a significant capital injection. DSCO believes that the business combination with CM.com is a highly compelling opportunity to fuel CM.com’s growth strategy going forward. Forming the business combination is an important, strategic opportunity for DSCO shareholders, enabling them to participate in CM.com’s attractive business model and ample growth opportunities. The business combination is expected to become effective on 21 February 2020, subject to customary approvals having been obtained.

Extraordinary general meetings on 20 February 2020

The proposed Business Combination is subject to approval of the Company’s shareholders at a combination of extraordinary general meetings of shareholders (EGM’s) to be convened for Thursday 20 February 2020 at 14.00 hrs (CET) at Crowne Plaza Amsterdam South, George Gershwinlaan 101, 1082 MT Amsterdam.

DSCO is powered by Oaklins' team in Amsterdam, based on the successful launch of three Italian SPACs, by Oaklins Italy. The company is led by established Dutch seasoned executives as promoters; Niek Hoek, Stephan Nanninga and Gerbrand ter Brugge, the latter on behalf of Oaklins. In connection with the Business Combination, Oaklins is acting as co-promoter and lead financial advisor to DSCO.

More information and downloads

More information about DSCO and the IPO can be found in the Prospectus dated 9 February 2018 which has been approved by the Dutch Authority for the Financial Markets, the AFM and on https://dutchstarcompanies.com/

Download a full version of the press releases below.

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