468 SPAC I SE
468 SPAC I SE: 468 SPAC I announces successful completion of the business combination with Boxine GmbH

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Press Release

468 SPAC I SE announces successful completion of the business combination with Boxine GmbH

Luxembourg, 26 November 2021 – 468 SPAC I SE (“468 SPAC I”), a publicly listed special purpose acquisition company sponsored (SPAC) by Alexander Kudlich, Ludwig Ensthaler and Florian Leibert, today announced the successful completion of its business combination with Boxine GmbH (“Boxine”), a cloud-connected kid’s audio entertainment business and the company behind the “tonies(R)” brand. The Frankfurt Stock Exchange ticker symbol for the shares of the combined company, renamed tonies SE, are expected to be changed to “TNIE”, beginning on 29 November 2021.

On 30 August 2021, 468 SPAC I and Boxine entered into a business combination agreement pursuant to which 468 SPAC I will indirectly acquire or assume all of the outstanding equity and equity equivalents of Boxine in exchange for the issuance of new public shares (“New Public Shares”) and a cash consideration. Earlier today, the prospectus prepared for the admission to trading of the New Public Shares on the Frankfurt Stock Exchange was approved by the CSSF (Commission de Surveillance du Secteur Financier), thereby fulfilling the final closing condition. The business combination was unanimously approved by the 468 SPAC I shareholders attending the extraordinary general meeting on 15 November 2021.

468 SPAC I has applied for admission of the New Public Shares to trading on the regulated market (regulierter Markt) of the Frankfurt Stock Exchange (General Standard). Trading of the New Public Shares is expected to commence on 29 November 2021.

About Boxine GmbH/tonies

Founded in 2013, Boxine is the creator of a new multi-billion euro category in kid’s digital entertainment and the company behind the award-winning, screen-free tonies(R) audio entertainment system for kids aged 3 years and up. The revolutionary ecosystem consists of the Toniebox player and audio figurines – called Tonies – which when paired with the Toniebox start playing audio content. Boxine offers kids a digital storytelling experience in a way that stimulates their imagination and enables intuitive, tactile play. Since launching the product in late 2016, Boxine has sold more than 2.4 million Tonieboxes and over 25 million Tonies. It is currently present in Germany, Austria, Switzerland, the UK, Ireland and the US with further internationalisation plans.

For more information visit: https://tonies.com/

Media Contact

Jobst Honig
Finsbury Glover Hering Europe GmbH
E: Jobst.Honig@fgh.com
M: +49 171 86 29 967

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This publication constitutes neither an offer to sell nor a solicitation to buy securities. These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the “Securities”) of 468 SPAC I SE (the “Company”) in the United States, Australia, Canada, Japan or any other jurisdiction in which such offer or solicitation is unlawful. The Securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). There will be no public offering of the securities in the United States. The Securities of the Company have not been, and will not be, registered under the Securities Act. The securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan subject to certain exceptions.

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The Securities are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any Retail Investor in the EEA. For these purposes, a “Retail Investor” means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments, as amended (“MiFID II”); (ii) a customer within the meaning of Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution, as amended, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently, no key information document required by Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (the “PRIIPs Regulation”) for offering or selling the Units or otherwise making them available to Retail Investors in the EEA has been prepared and therefore offering or selling the Units or otherwise making them available to any Retail Investor in the EEA may be unlawful under the PRIIPs Regulation.

Solely for the purpose of the product governance requirements contained within MiFID II, (ii) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 of 7 April 2016 supplementing MiFID II and (iii) local implementing measures (together, the “MiFID II Requirements”), and disclaiming any and all liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the MiFID II Requirements) may otherwise have with respect thereto, the Public Shares and Public Warrants have been subject to a product approval process. As a result, it has been determined that (i) the Public Shares are (a) compatible with an end target market of Retail Investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II, and (b) eligible for distribution through all distribution channels permitted by MiFID II and (ii) the Public Warrants are (a) compatible with an end target market of investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II, and (b) eligible for distribution to professional clients and eligible counterparties through all distribution channels permitted by MiFID II.

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