DALLAS and STAMFORD, Conn., Nov.
12, 2021 /PRNewswire/ -- CBRE Acquisition Holdings,
Inc. (NYSE: CBAH) ("CBAH"), a publicly traded special purpose
acquisition company, and Altus
Power, Inc. ("Altus Power"),
a market-leading clean electrification company, announced that the
companies will participate in a fireside chat with IPO Edge and the
Palm Beach Hedge Fund Association on Monday,
November 15 at 2pm ET, to
discuss their pending business combination. The live event
will feature Lars Norell and
Gregg Felton, Co-Founders and
Co-CEOs of Altus Power, and
Bill Concannon, Chief Executive
Officer and a Director of CBAH. They will be interviewed by
IPO Edge Editor-in-Chief John
Jannarone and Multimedia Editor Alexandra Lane in a moderated video session
lasting approximately 60 minutes and including a Q&A with the
audience.
To register, CLICK HERE
To read IPO Edge's analysis of Altus
Power and its business combination with CBAH titled, "Join
Blackstone and CBRE in the 'Roof to Socket' Revolution with
Altus Power," CLICK HERE
"We are excited to approach the closing of our business
combination and to share our story with the investment community
during Monday's fireside chat, in this important time for CBAH and
Altus," said Norell. "We look forward to discussing
Altus Power's market leadership and
growth opportunity, our strategic partnerships with CBRE and
Blackstone, the voting process, and to answering questions from
investors about the transaction."
Concannon, Norell and Felton will discuss:
- Overview of Altus/CBAH transaction and strategic partnerships
with CBRE and Blackstone
- Market demand and opportunity for commercial & industrial
solar, energy storage and EV charging infrastructure
- Altus Power's scalable business
model - standardizing and streamlining each step in the value chain
from customer acquisition through financing
- Altus Power's national
footprint
- Altus Power's key
differentiators
The Special Meeting to approve the pending business combination
is scheduled to be held on December 6,
2021 at 10:00 a.m. Eastern
Time. The Special Meeting will be conducted completely
virtually, and can be accessed via live webcast at
https://www.cstproxy.com/cbreacquisitionholdings/2021. If the
proposals at the Special Meeting are approved, the parties
anticipate that the business combination will close shortly
thereafter, subject to the satisfaction or waiver, as applicable,
of all other closing conditions.
Every stockholder's vote is important, regardless of the number
of shares held. Accordingly, CBAH requests that each stockholder
complete, sign, date and return a proxy card (online or by mail) as
soon as possible so that it is received no later than 10:00 a.m. Eastern Time on December 6, 2021, to ensure that the
stockholder's shares will be represented at the Special Meeting.
Stockholders which hold shares in "street name" (i.e., those
stockholders whose shares are held of record by a broker, bank or
other nominee) should contact their broker, bank or other nominee
to ensure that their shares are voted.
If any individual CBAH stockholder who held shares as of the
October 27, 2021 record date for
voting does not receive the Proxy Statement/Prospectus within the
next few days, such stockholder should (i) confirm his or her Proxy
Statement/Prospectus's status with his or her broker, bank or other
nominee, (ii) contact Morrow Sodali LLC, CBAH's proxy solicitor,
for assistance via e-mail
at CBAH.info@investor.morrowsodali.com or toll-free call
at (800) 662-5200 and brokers, bank and other nominees can place a
collect call to Morrow Sodali at (203) 658-9400, or (iii) contact
CBAH by mail at CBRE Acquisition Holdings, Inc., 2100 McKinney
Avenue, Suite 1250, Dallas, TX
75201.
CBAH expects to provide stockholders with additional information
on how stockholders may vote their shares held in "street name" on
its website in the coming days, and CBAH expects to publish a
subsequent press release once the website is live.
About Altus
Power
Altus Power,
based in Stamford, Connecticut, is
creating a clean electrification ecosystem, serving its commercial,
public sector and community solar customers with locally-sited
solar generation, energy storage, and EV-charging stations across
the U.S. Since its founding in 2009, Altus
Power has developed or acquired over 350 megawatts from
Vermont to Hawaii. Visit altuspower.com to learn
more.
About CBRE Acquisition Holdings, Inc.
CBRE
Acquisition Holdings, Inc. ("CBAH") is a blank-check company formed
solely for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. CBAH is
sponsored by CBRE Acquisition Sponsor, LLC, which is a subsidiary
of CBRE Group, Inc.
Important Information About the Business Combination and
Where to Find It
CBAH has filed with the U.S. Securities and
Exchange Commission ("SEC") a Registration Statement on Form S-4
(the "Registration Statement"), which includes a proxy
statement/prospectus in connection with the proposed business
combination between Altus Power and
CBAH (the "business combination") and the other transactions
contemplated by the business combination agreement entered into by
Altus Power and CBAH. The
Registration Statement was declared effective by the SEC on
November 5, 2021 and CBAH also filed
the definitive proxy statement/prospectus with respect to the
business combination on that date. CBAH has mailed a definitive
proxy statement/prospectus and other relevant documents to its
stockholders as of October 27, 2021,
the record date for the Special Meeting. CBAH's stockholders and
other interested persons are advised to read the definitive proxy
statement/prospectus in connection with CBAH's solicitation of
proxies for its stockholders' Special Meeting to be held to approve
the business combination because the proxy statement/prospectus
contains important information about CBAH, Altus Power and the business combination.
Stockholders will also be able to obtain copies of the Registration
Statement and the proxy statement/prospectus, without charge at the
SEC's website at www.sec.gov or by directing a request to
CBRE Acquisition Holdings, Inc., 2100 McKinney Avenue, Suite 1250,
Dallas, TX 75201.
Participants in the Solicitation
CBAH, Altus Power and certain of their respective
directors and officers may be deemed participants in the
solicitation of proxies of CBAH's stockholders with respect to the
approval of the business combination. CBAH and Altus Power urge investors, stockholders and
other interested persons to read the Registration Statement and the
definitive proxy statement/prospectus and exhibits thereto, as well
as other documents filed with the SEC in connection with the
business combination, as these materials contain important
information about Altus Power, CBAH
and the business combination. Information regarding CBAH's
directors and officers and a description of their interests in CBAH
is contained in the Registration Statement and the definitive proxy
statement/prospectus.
Forward-Looking Statements
This press release contains
"forward-looking statements" within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by the use of
words such as "anticipate", "believe", "could", "continue",
"expect", "estimate", "may", "plan", "outlook", "future" and
"project" and other similar expressions that predict or indicate
future events or trends or that are not statements of historical
matters. These statements, which involve risks and uncertainties,
relate to analyses and other information that are based on
forecasts of future results and estimates of amounts not yet
determinable and may also relate to CBAH's and Altus Power's future prospects, developments and
business strategies. In particular, such forward-looking statements
include statements concerning the timing of the business
combination, the business plans, objectives, expectations and
intentions of CBAH once the business combination and the other
transactions contemplated thereby (the "Transactions") and change
of name are complete ("New Altus"), and New Altus's estimated and
future results of operations, business strategies, competitive
position, industry environment and potential growth opportunities.
These statements are based on CBAH's or Altus Power's management's current expectations
and beliefs, as well as a number of assumptions concerning future
events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside CBAH's or Altus
Power's control, that could cause actual results to differ
materially from the results discussed in the forward-looking
statements. These risks, uncertainties, assumptions and other
important factors include, but are not limited to: (1) the
occurrence of any event, change or other circumstances that could
give rise to the termination of the business combination agreement;
(2) the inability to complete the Transactions due to the failure
to obtain approval of the stockholders of CBAH or Altus Power or other conditions to closing in
the business combination agreement; (3) the ability of New Altus to
meet NYSE's listing standards (or the standards of any other
securities exchange on which securities of the public entity are
listed) following the business combination; (4) the inability to
complete the private placement of common stock of CBAH to certain
institutional accredited investors; (5) the risk that the
announcement and consummation of the Transactions disrupts
Altus Power's current plans and
operations; (6) the ability to recognize the anticipated benefits
of the Transactions, which may be affected by, among other things,
competition, the ability of New Altus to grow and manage growth
profitably, maintain relationships with customers, business
partners, suppliers and agents and retain its management and key
employees; (7) costs related to the Transactions; (8) changes in
applicable laws or regulations and delays in obtaining, adverse
conditions contained in, or the inability to obtain necessary
regulatory approvals required to complete the Transactions; (9) the
possibility that Altus Power and New
Altus may be adversely affected by other economic, business,
regulatory and/or competitive factors; (10) the impact of COVID-19
on Altus Power's and New Altus's
business and/or the ability of the parties to complete the
Transactions; (11) the outcome of any legal proceedings that may be
instituted against CBAH, Altus
Power, New Altus or any of their respective directors or
officers, following the announcement of the Transactions; and (12)
the failure to realize anticipated pro forma results and underlying
assumptions, including with respect to estimated stockholder
redemptions and purchase price and other adjustments.
Additional factors that could cause actual results to differ
materially from those expressed or implied in forward-looking
statements can be found in CBAH's most recent annual report on Form
10-K, subsequently filed quarterly reports on Form 10-Q and current
reports on Form 8-K, which are available, free of charge, at the
SEC's website at www.sec.gov, and are provided in the Registration
Statement and CBAH's definitive proxy statement/prospectus. New
risks and uncertainties arise from time to time, and it is
impossible for us to predict these events or how they may affect
us. You are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made,
and CBAH and Altus Power undertake
no obligation to update or revise the forward-looking statements,
whether as a result of new information, changes in expectations,
future events or otherwise.
This communication is not intended to be all-inclusive or to
contain all the information that a person may desire in considering
an investment in CBAH and is not intended to form the basis of an
investment decision in CBAH. All subsequent written and oral
forward-looking statements concerning CBAH and Altus Power, the Transactions or other matters
and attributable to CBAH and Altus
Power or any person acting on their behalf are expressly
qualified in their entirety by the cautionary statements above.
Contacts
CBRE Acquisition Holdings Contacts
Cash Smith
CBRE Acquisition Holdings, Inc.
Cash.Smith@cbre.com
Steven Iaco
CBRE Corporate Communications
Steven.Iaco@cbre.com
Altus Power Contacts
For Media:
Cory Ziskind
ICR, Inc.
AltusPowerPR@icrinc.com
For Investors:
Caldwell Bailey
ICR, Inc.
AltusPowerIR@icrinc.com
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SOURCE Altus Power, Inc.