EX-99.1
4
a20210222exhibit991.htm
EX-99.1
Document
EXHIBIT 99.1
February 22, 2021
Buyer Group Led by Evercel Completes Acquisition of ZAGG
SALT LAKE CITY, February 22, 2021 (GLOBE NEWSWIRE) - ZAGG Inc (Nasdaq: ZAGG) ("we", "us", "our", "ZAGG", or the "Company"), a leading global mobile lifestyle company, today announced the completion of its sale to a buyer group led by Evercel, Inc. ("Evercel").
The transaction was previously announced on December 11, 2020 and received approval from ZAGG's stockholders on February 18, 2021. As a result of the completion of the transaction, ZAGG's stockholders will receive $4.20 per share in cash and a contingent right to receive an additional payment of up to $0.30 per share, and ZAGG's common stock will cease to trade on the Nasdaq Global Select exchange.
About ZAGG Inc
ZAGG Inc (NASDAQ: ZAGG) is a global leader in accessories and technologies that empower mobile lifestyles. The Company has an award-winning product portfolio that includes screen protection, mobile keyboards, power management solutions, social tech, and personal audio sold under the ZAGG®, mophie®, InvisibleShield®, IFROGZ®, Gear4®, and HALO® brands. ZAGG has operations in the United States, Ireland, and China. ZAGG products are available worldwide, and can be found at leading retailers including Best Buy, Verizon, AT&T, Sprint, T-Mobile, Walmart, Target, and Amazon.com. For more information, please visit the Company's website at www.ZAGG.com and follow us on Facebook, Twitter, and Instagram.
About Evercel, Inc.
Evercel, Inc. (OTCMKTS: EVRC) is a holding company that brings an entrepreneurial approach to acquiring and managing business through a hands-on, data-driven approach to partnering with strong management teams for long-term results.
CONTACT:
Investor Relations:
ICR Inc.
Brendon Frey
203-682-8216
brendon.frey@icrinc.com
Company:
ZAGG Inc
Jeff DuBois
801-506-7336
jeff.dubois@ZAGG.com

EX - 99 . 1 4 a20210222exhibit991 . htm EX - 99 . 1 Document EXHIBIT 99 . 1 February 22 , 2021 Buyer Group Led by Evercel Completes Acquisition of ZAGG SALT LAKE CITY , February 22 , 2021 ( GLOBE NEWSWIRE ) - ZAGG Inc ( Nasdaq : ZAGG ) ( " we " , " us " , " our " , " ZAGG " , or the " Company " ) , a leading global mobile lifestyle company , today announced the completion of its sale to a buyer group led by Evercel , Inc . ( " Evercel " ) . The transaction was previously announced on December 11 , 2020 and received approval from ZAGG 's stockholders on February 18 , 2021 . As a result of the completion of the transaction , ZAGG 's stockholders will receive $ 4.20 per share in cash and a contingent right to receive an additional payment of up to $ 0.30 per share , and ZAGG 's common stock will cease to trade on the Nasdaq Global Select exchange . About ZAGG Inc ZAGG Inc ( NASDAQ : ZAGG ) is a global leader in accessories and technologies that empower mobile lifestyles . The Company has an award - winning product portfolio that includes screen protection , mobile keyboards , power management solutions , social tech , and personal audio sold under the ZAGG ® , mophie ® , InvisibleShield ® , IFROGZ ® , Gear4 ® , and HALO ® brands . ZAGG has operations in the United States , Ireland , and China . ZAGG products are available worldwide , and can be found at leading retailers including Best Buy , Verizon , AT & T , Sprint , T - Mobile , Walmart , Target , and Amazon . com . For more information , please visit the Company 's website at www.ZAGG.com and follow us on Facebook , Twitter , and Instagram . About Evercel , Inc . Evercel , Inc . ( OTCMKTS : EVRC ) is a holding company that brings an entrepreneurial approach to acquiring and managing business through a hands - on , data - driven approach to partnering with strong management teams for long - term results . CONTACT : Investor Relations : ICR Inc . Brendon Frey 203 - 682 - 8216 brendon.frey@icrinc.com Company : ZAGG Inc Jeff DuBois 801 - 506 - 7336 jeff.dubois@ZAGG.com
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