UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

CURRENT REPORT

 

 

 

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 24, 2017 (May 23, 2017)

 

GP INVESTMENTS ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

 

Cayman Islands 001-37397 N/A

(State or other jurisdiction of

incorporation)

(Commission File Number) (I.R.S. Employer Identification No.)

 

150 E. 52nd Street, Suite 5003  
New York, New York 10022
(Address of principal executive offices) (Zip Code)

 

(212) 430-4340

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  x Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ¨ Pre-commencements communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

Item 8.01.Other Events

 

On May 23, 2017, GP Investments Acquisition Corp., a Cayman Islands exempted company limited by shares (the “Company”), held an extraordinary general meeting of shareholders (the “Extraordinary General Meeting”) to approve, among other things, the extension of the date by which the Company must (i) consummate a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities (a “business combination”), (ii) cease its operations if it fails to complete such business combination, and (iii) redeem all of the Company’s ordinary shares included as part of the units sold in the Company’s initial public offering that was consummated on May 26, 2015, from May 26, 2017 to November 27, 2017 (the “Extension Amendment Proposal”).

 

On May 23, 2017, the shareholders of the Company approved, among other things, the Extension Amendment Proposal. In connection with the Extension Amendment Proposal, public shareholders had the right to elect to redeem their shares for a per-share price, payable in cash, based upon the aggregate amount then on deposit in the Company’s trust account, as described in the definitive proxy statement filed with the SEC on April 24, 2017 relating to the Company’s Extraordinary General Meeting (the “Definitive Proxy Statement”).

 

In connection with the Extension Amendment Proposal, public shareholders holding 1,552,724 ordinary shares validly elected to redeem their ordinary shares. As of May 23, 2017, the balance in the Company’s trust account, after deduction of the amount required to redeem the ordinary shares to be redeemed on May 25, 2017, is $157.8 million.

 

Forward Looking Statements

 

The Company believes that some of the information in this Form 8-K constitutes forward-looking statements. You can identify these statements by forward-looking words such as “will”, “expects” and “proposes” or similar words. You should read statements that contain these words carefully because they (a) discuss future expectations, (b) contain projections of future results of operations or financial condition, and (c) state other “forward-looking” information. The Company believes it is important to communicate its expectations to the Company’s shareholders. However, there may be events in the future that the Company is not able to predict accurately or over which the Company has no control. Risks, uncertainties and events may cause actual results to differ materially from the expectations described by the Company in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Form 8-K. All forward-looking statements included herein in this Form 8-K are expressly qualified in their entirety by the cautionary statements contained in this section. Except to the extent required by applicable laws and regulations, we undertake no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. The Company’s shareholders are also advised to read the Definitive Proxy Statement, and any other relevant materials filed with the Securities and Exchange Commission (the “SEC”), carefully in their entirety, once available, including the section included therein relating to forward-looking statements, before making any voting or investment decision with respect to the matters referred to in this Form 8-K.

 

Participants in the Solicitation

 

The Company and Rimini Street, Inc. and their respective directors and certain of their respective executive officers may be considered participants in the solicitation of proxies with respect to the proposed transactions pursuant to the Merger Agreement entered into by the Company on May 16, 2017 under the rules of the SEC. Information about the directors and executive officers of the Company is set forth in its Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the SEC on March 16, 2017. Additional information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, are included in the Definitive Proxy Statement and also will be included in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available. These documents can be obtained free of charge once available by directing a request to: Morrow Sodali LLC, 470 West Avenue, 3rd Floor, Stamford, Connecticut 06902, Individuals call toll-free: (800) 662-5200, Banks and brokerage, please call (203) 658-9400, Email: GPIA.info@morrowsodali.com.

 

Disclaimer

 

This Form 8-K is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of the Company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

  GP Investments Acquisition Corp.  
     
     
  By: /s/ Antonio Bonchristiano  
Dated: May 24, 2017   Name: Antonio Bonchristiano  
    Title: Chief Executive Officer