We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
OneSpaWorld Holdings Ltd (PK) | USOTC:OSWWF | OTCMarkets | Equity Warrant |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.62 | 0.31 | 2.97 | 0.00 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
(Rule 14a-101)
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF
THE SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐
Check the appropriate box:
☐ | Preliminary Proxy Statement | |
☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | |
☐ | Definitive Proxy Statement | |
☒ | Definitive Additional Materials | |
☐ | Soliciting Material under §240.14a-12 |
OneSpaWorld Holdings Limited
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
☒ | No fee required. | |||
☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. | |||
(1) |
Title of each class of securities to which transaction applies:
|
|||
(2) |
Aggregate number of securities to which transaction applies:
|
|||
(3) |
Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):
|
|||
(4) |
Proposed maximum aggregate value of transaction:
|
|||
(5) |
Total fee paid:
|
|||
☐ | Fee paid previously with preliminary materials. | |||
☐ | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | |||
(1) |
Amount Previously Paid:
|
|||
(2) |
Form, Schedule or Registration Statement No.:
|
|||
(3) |
Filing Party:
|
|||
(4) |
Date Filed:
|
OneSpaWorld Files Investor Presentation
Urges Shareholders Vote FOR Vital $75 Million Equity Financing At June 10, 2020 Annual Meeting
Going Concern Risk If Equity Financing Is Not Approved
Nassau, Bahamas May 26, 2020 OneSpaWorld Holdings Limited (NASDAQ: OSW), the pre-eminent global provider of health and wellness products and services on board cruise ships and in destination resorts around the world, today filed an investor presentation regarding the previously announced $75 million equity financing to be voted on at the Companys Annual Meeting of Shareholders on June 10.
The presentation highlights why securing the equity financing is in the best interest of OSW and its shareholders, including that the financing is required for OSW to fund its operations while its business is impaired due to the COVID-19 pandemic and to remain in compliance with its debt covenant as of June 30, 2020. Additionally, the presentation details the OSW Boards thorough process to secure the best available financing option. Without OSW shareholder approval of this critical financing, there is substantial doubt about OSWs ability to continue as a going concern.
The presentation was filed with the SEC and is available in the Investor Relations section of OneSpaWorlds website at https://onespaworld.com/investor-relations/.
THE BOARD OF DIRECTORS URGES ALL SHAREHOLDERS TO VOTE FOR
THE PRIVATE PLACEMENT PROPOSALS TO PROTECT THEIR INVESTMENT
YOUR VOTE IS CRITICAL. We urge you to vote FOR the private placement proposals (Proposals 3 and 4) at our upcoming Annual Meeting on June 10, 2020. You will be able to vote by mail or online.
509 Madison Avenue
Suite 1206
New York, NY 10022
Stockholders Call Toll Free: (800) 662-5200
E-mail: OSW.info@investor.morrowsodali.com
About OneSpaWorld
Headquartered in Nassau, Bahamas, OneSpaWorld is one of the largest health and wellness services companies in the world. OneSpaWorlds distinguished spas offer guests a comprehensive suite of premium health, wellness, fitness and beauty services, treatments, and products currently onboard 175 cruise ships and at 68 destination resorts around the world. OneSpaWorld holds the leading market position within the fast-growing international leisure market and has been built upon its exceptional service standards, expansive global recruitment, training and logistics platforms, and history of service and product innovation that has enhanced its guests personal care experiences while vacationing for more than 50 years.
Forward-Looking Statements
This letter includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may differ from OSWs actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as expect, estimate, project, budget, forecast, anticipate, intend, plan, may, will, could, should, believes, predicts, potential, continue, or the negative or other variations thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations with respect to the impact of the private placement on OSWs liquidity, OSWs need to seek additional financing, OSWs compliance with its credit agreements, OSWs ability to obtain alternative sources of financing, and other statements that are not historical facts. These statements are based on the current expectations of OSWs management and are not predictions of actual performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the impact of the COVID-19 pandemic on OSWs business and its results of operations and liquidity for the foreseeable future; the demand for OSWs services together with the possibility that OSW may be adversely affected by other economic, business, and/or competitive factors or changes in the business environment in which OSW operates; changes in consumer preferences or the market for OSWs services; changes in applicable laws or regulations; the availability of, or competition for, opportunities for expansion of OSWs business; difficulties of managing growth profitably; the loss of one or more members of OSWs management team; loss of a major customer and other risks and uncertainties included from time to time in OSWs reports (including all amendments to those reports) filed with the SEC. OSW cautions that the foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. OSW does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing OSWs assessments as of any date subsequent to the date of this communication.
Additional Information and Where to Find It
In connection with the private placement, OSW has filed a definitive proxy statement with the Securities and Exchange Commission (the SEC). BEFORE MAKING ANY VOTING DECISION, OSWS SHAREHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT IN ITS ENTIRETY AND ANY OTHER DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PRIVATE PLACEMENT BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PRIVATE PLACEMENT AND THE PARTIES TO THE PRIVATE PLACEMENT. Shareholders may obtain a free copy of documents filed by OSW with the SEC at the SECs website at http://www.sec.gov. In addition, shareholders may obtain a free copy of OSWs filings with the SEC from OSWs website at https://onespaworld.com/investor-relations/ or by directing a written request to: OSW.info@investor.morrowsodali.com.
Participants in the Solicitation
OSW and certain of its directors, executive officers, and certain other members of management and employees may be deemed to be participants in the solicitation of proxies from shareholders of OSW in favor of the private placement. Information about directors and executive officers of OSW is set forth in the definitive proxy statement filed by OSW with the SEC on May 22, 2020. Additional information regarding the direct and indirect interests of these individuals and other persons who may be deemed to be participants in the solicitation is included in the definitive proxy statement with respect to the private placement.
Contacts
Investors:
Morrow Sodali, (800) 662-5200
OSW.info@investor.morrowsodali.com
ICR
Allison Malkin, 203-682-8225
allison.malkin@icrinc.com
Media:
Sard Verbinnen & Co.
George Sard/Jim Barron/Brooke Gordon
OneSpaWorld-SVC@sardverb.com
Follow OneSpaWorld:
Instagram: @onespaworld
Twitter: @onespaworld
LinkedIn: OneSpaWorld
Facebook: @onespaworld
1 Year OneSpaWorld (PK) Chart |
1 Month OneSpaWorld (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions