Churchill Capital Corp (CCXX)

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lacrimas
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Re: Churchill Capital Corp (CCXX)

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Koersverloop niet geweldig momenteel, maar deze werd opgenomen in Defiance Next Gen SPAC Derived ETF.

https://www.defianceetfs.com/spak
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Re: Churchill Capital Corp (CCXX)

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Churchill Capital Corp III Confirms the Anticipated Closing Date for the MultiPlan Business Combination will be October 8, 2020

Oct 02, 2020, 07:00 ET
NEW YORK, Oct. 2, 2020 /PRNewswire/ -- Churchill Capital Corp III ("Churchill III") (NYSE: CCXX), a public investment vehicle, today confirmed the special meeting of stockholders to approve the pending combination with Polaris Parent Corp., the parent of MultiPlan, Inc ("MultiPlan"), will be held at 10:00 a.m. Eastern Time on October 7, 2020 via live webcast. The proxy statement is available in the Investor Resources section of Churchill III's website as well as on www.sec.gov.

The consummation of the business combination is currently expected to occur on October 8, 2020, the day immediately following the special meeting of stockholders, subject to final stockholder approval and satisfaction of other customary conditions.

As previously disclosed, Churchill III stockholders, representing approximately 41% of the outstanding common stock of Churchill III, have agreed to vote FOR the business combination proposal with MultiPlan as well as the other proposals set forth in the proxy statement. In addition, as previously disclosed, an affiliate of MultiPlan owns approximately 6.6% of the outstanding shares of Churchill III's common stock and has agreed to vote such shares FOR the business combination in the same proportion as the votes cast by other Churchill III stockholders FOR the business combination relative to all votes actually cast by other Churchill III stockholders with respect to such proposal.

Further, Churchill III has received commitments from existing investors and new PIPE investors for funding and non-redemptions of approximately $2.9 billion in the aggregate, which is more than sufficient to satisfy the closing cash condition.

Holders of Churchill III's common stock as of the close of business on September 14, 2020 are entitled to vote at the special meeting. The Churchill III Board of Directors unanimously recommends that stockholders vote "FOR" the business combination proposal with MultiPlan as well as the other proposals set forth in the proxy statement.
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Re: Churchill Capital Corp (CCXX)

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Churchill Capital Corp III and MultiPlan Announce Launch of Refinancing Process for MultiPlan's Existing 7.125% Senior Notes due 2024 and Senior Secured Credit Facilities

Oct 05, 2020, 06:30 ET

NEW YORK , Oct. 5, 2020 /PRNewswire/ -- Churchill Capital Corp III ("Churchill III") (NYSE: CCXX ), a public investment vehicle, and MultiPlan, Inc. ("MultiPlan"), a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, announced today that, based on MultiPlan's recent strong financial performance and favorable market conditions, MultiPlan has launched a process to refinance its 7.125% Senior Notes due 2024 and indebtedness under its existing senior secured credit facilities with the goal of meaningfully lowering annual interest expense, extending maturities and increasing access to liquidity. MultiPlan is in active dialogue with its advisors and certain rating agencies, however the timing and terms of any such refinancing are subject to market and other conditions, and there can be no assurance that such indebtedness will be refinanced.

In addition, MultiPlan, based on stronger than previously forecast revenue performance in July and August and preliminary results for the quarter ended September 30, 2020 , announced that it is reconfirming its 2020 outlook.

Churchill III and MultiPlan also announced that their pending business combination is scheduled to occur on October 8, 2020 , the day immediately following the special meeting of stockholders. Churchill III reaffirms its convictions that all remaining closing conditions will be satisfied by October 8, 2020 , based on voting agreements with certain Churchill III stockholders, representing approximately 41% of the outstanding common stock of Churchill III, the additional voting commitment of MultiPlan which owns approximately 6.6% of the outstanding common stock, non-redemption commitments by certain Churchill III stockholders of approximately $290 million , and outstanding financing commitments of approximately $2.6 billion .

Holders of Churchill III's common stock as of the close of business on September 14, 2020 are entitled to vote at the special meeting. The Churchill III Board of Directors unanimously recommends that stockholders vote "FOR" the business combination proposal with MultiPlan as well as the other proposals set forth in the proxy statement. Churchill III appreciates the support of its stockholders and financing sources for the business combination proposal with MultiPlan.

Churchill investors are invited to a conference call to receive an update on the pending business combination on Monday, October 5 , at 8:30 a.m. Eastern Time . Investors interested in accessing the conference call can dial +1 844 998 1532 (United States Toll-Free) or +1 516 289 0966 (United States Toll/International). The Event ID number is: 316926.

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Re: Churchill Capital Corp (CCXX)

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M. Klein & Company Intends to Acquire an Additional $50 million in Shares of Churchill Capital Corp III


NEW YORK, Oct. 5, 2020 /PRNewswire/ -- Churchill Capital Corp III (“Churchill III”) (NYSE: CCXX), a public investment vehicle, today made the following statement:

M. Klein & Company LLC (“MKC”), an affiliate of Churchill III’s sponsor, or one or more affiliates of MKC intends to acquire an additional $50 million of Churchill III’s outstanding shares, either through purchases on the open market or through privately negotiated transactions as appropriate. MKC believes Churchill III’s shares currently are undervalued and do not reflect the future opportunity of the company. The timing and actual numbers of shares purchased will depend on a variety of factors, including price and other market conditions. Any such purchases will be conducted in accordance with applicable legal requirements. Further, any such shares will not be subject to any transfer restrictions or vesting requirements (except pursuant to applicable law). While MKC (or its affiliate) currently intends to acquire such shares, it is under no obligation to do so.

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Re: Churchill Capital Corp (CCXX)

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$CCXX Churchill Capital Corp III Announces Over $1 Billion in Trust After Redemption Deadline


NEW YORK, Oct. 6, 2020 /PRNewswire/ -- Churchill Capital Corp III ("Churchill III") (NYSE: CCXX), a public investment vehicle, announced today that, as of the deadline for redemptions in connection with the pending business combination with Polaris Parent Corp., the parent of MultiPlan, Inc. ("MultiPlan"), a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, over $1 billion out of the original $1.1 billion remained available in Churchill III's trust. Combined with outstanding financing commitments of approximately $2.6 billion, Churchill III will deliver over $3.6 billion of capital at the closing of the business combination. As a result, MultiPlan will be well positioned to accelerate growth through strategic investments and M&A, and to reduce net debt.

The consummation of the business combination is currently expected to occur on October 8, 2020, the day immediately following the special meeting of stockholders, subject to final stockholder approval and satisfaction of other customary conditions.

Holders of Churchill III's common stock as of the close of business on September 14, 2020 are entitled to vote at the special meeting. The Churchill III Board of Directors unanimously recommends that stockholders vote "FOR" the business combination proposal with MultiPlan as well as the other proposals set forth in the proxy statement. Churchill III appreciates the support of its stockholders and financing sources for the business combination proposal with MultiPlan.

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Re: Churchill Capital Corp (CCXX)

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Churchill Capital Corp III Stockholders Approve Business Combination with MultiPlan
-- Combined company to be renamed MultiPlan Corporation

-- NYSE ticker symbol expected to be changed to "MPLN" beginning on October 9, 2020

Churchill Capital Corp III
Oct 07, 2020,

NEW YORK, Oct. 7, 2020 /PRNewswire/ -- Churchill Capital Corp III ("Churchill III") (NYSE: CCXX), a public investment vehicle, announced that in a special meeting held today, its stockholders voted to approve its combination with Polaris Parent Corp., the parent of MultiPlan, Inc. ("MultiPlan"), a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, and related matters. Approximately 93% of the votes cast at the meeting, representing approximately 76% of Churchill III's outstanding shares, voted to approve the business combination.

The consummation of the business combination is currently expected to occur on or about October 8, 2020, subject to the satisfaction or waiver of applicable closing conditions. The combined company will be renamed MultiPlan Corporation, and it is anticipated that on October 9, 2020, the ticker symbol of its Class A common shares, which are listed on the New York Stock Exchange, will be changed to "MPLN".

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Re: Churchill Capital Corp (CCXX) - Multiplan (MPLN)

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H&F Corporate Investors VIII, Ltd. discloses 32.00% activist ownership in MPLN / MultiPlan Corporation

October 13, 2020 - H&F Corporate Investors VIII, Ltd. has filed an SC 13D form with the Securities and Exchange Commission (SEC) disclosing ownership of 213,802,446 shares of MultiPlan Corporation (US:MPLN). This represents 32.0 percent ownership of the company.

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Re: Churchill Capital Corp (CCXX)

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MultiPlan Corporation Announces Preliminary Third Quarter Revenues Ahead of Refinancing

Preliminary revenue results show improvement over second quarter 2020

October 19, 2020
NEW YORK--(BUSINESS WIRE)--MultiPlan Corporation (“MultiPlan” or the “Company”) (NYSE: MPLN), a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, today announced preliminary revenue for the quarter ended September 30, 2020 in advance of the previously announced refinancing transactions.

Preliminary Third Quarter 2020 Revenue

Although the financial results for the three months ended September 30, 2020 are not yet finalized, MultiPlan expects to report stronger than previously forecast revenue performance for the quarter. Preliminary September 2020 results continued the trend seen in July and August and the Company estimates revenue for the three months ended September 30, 2020, to be between $220.0 million and $225.0 million, compared to $245.8 million for the three months ended September 30, 2019, a decrease of $23.3 million or 9.5%, and compared to $206.9 million for the three months ended June 30, 2020, an increase of $15.6 million or 7.6%, in each case, calculated using the midpoint of the range.

The preliminary financial data included in this press release has been prepared by, and is the responsibility of, MultiPlan management.

Refinancing & Other Update

Based on MultiPlan’s revenue performance and favorable market conditions, the Company has launched a process to refinance its 7.125% Senior Notes due 2024 and indebtedness under its existing senior secured credit facilities with the goal of meaningfully lowering annual interest expense, extending maturities and increasing access to liquidity. However, the timing and terms of any such refinancing are subject to market and other conditions, and there can be no assurance that such indebtedness will be refinanced. This news release shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

MultiPlan also announced that David Redmond, Executive Vice President and Chief Financial Officer of the Company, was diagnosed with COVID-19. Mr. Redmond is receiving treatment and continues to perform his responsibilities remotely as Executive Vice President and Chief Financial Officer of the Company. In the event Mr. Redmond is required to take medical leave, MultiPlan has developed a temporary plan to cover Mr. Redmond’s responsibilities.


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