Exhibit 99.1
PRELIMINARY PROXY CARD—SUBJECT TO COMPLETION
FOR THE EXTRAORDINARY GENERAL MEETING OF
G Squared Ascend I Inc.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
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The undersigned hereby appoints Larry Aschebrook and Ward Davis (the “Proxies”), and each of them independently, with full power of substitution, as proxies and attorneys-in-fact to vote all of the Class A Ordinary Shares or Class B Ordinary Shares of G Squared Ascend I Inc. (the “Company” or “G Squared”) that the undersigned is entitled to vote (the “Shares”) at the extraordinary general meeting of the Company to be held on , 2022 at Eastern Time via live webcast at , and at any adjournment or postponement thereof. Such Shares shall be voted as indicated with respect to the proposals listed on the reverse side hereof and, unless such authority is withheld on the reverse side hereof, in the Proxies’ discretion on such other matters as may properly come before the extraordinary general meeting or any adjournment or postponement thereof.
The undersigned acknowledges receipt of the enclosed proxy statement and revokes all prior proxies for said meeting.
THE SHARES REPRESENTED BY THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER(S). IF NO SPECIFIC DIRECTION IS GIVEN AS TO THE PROPOSALS ON THE REVERSE SIDE, THIS PROXY WILL BE VOTED “FOR” PROPOSAL NOS. 1A, 1B, 2, 3, 4A, 4B, 4C, 4D, 4E, 4F, 4G, 4H, 4I, 5, 6, 7 AND 8 AND IN ACCORDANCE WITH THE JUDGMENT OF THE PROXIES ON ANY OTHER MATTERS AS MAY PROPERLY COME BEFORE THE EXTRAORDINARY GENERAL MEETING. PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY.
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(Continued and to be marked, dated and signed on the reverse side)
Please mark votes as indicated in this example | ![]() |
G SQUARED ASCEND I INC. — THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” PROPOSAL NOS. 1A, 1B, 2, 3, 4A, 4B, 4C, 4D, 4E, 4F, 4G, 4H, 4I, 5, 6, 7 AND 8. |
The Business Combination Proposals – To consider and separately vote upon the following proposals 1A and 1B to approve the Business Combination (as defined below) and approve and adopt the Business Combination Agreement, dated as of September 20, 2021 (the “Business Combination Agreement”), by and among G Squared, Horizon Merger Sub Inc., a Delaware corporation and a direct wholly owned subsidiary of G Squared (“Merger Sub”), Transfix, Inc., a Delaware corporation (“Transfix”), and Transfix Holdings, Inc., a Delaware corporation and wholly owned direct subsidiary of Transfix (“Transfix Holdings”), pursuant to which the Business Combination will be effected in three steps. |
(1A) | The Initial Merger Proposal – To consider and vote upon a proposal to approve the merger of Transfix Holdings with and into G Squared (the “Initial Merger”), with Transfix Holdings surviving the Initial Merger as a publicly traded entity (such surviving entity, “New Transfix” and the time at which the Initial Merger becomes effective, the “Initial Merger Effective Time”) and becoming the sole owner of Merger Sub (the “Initial Merger Proposal”), and | FOR
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AGAINST
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ABSTAIN
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(1B) | The Acquisition Merger Proposal – To consider and vote upon a proposal to approve the merger, immediately following the closing of the Initial Merger (the “Acquisition Closing Date”), of Merger Sub with and into Transfix (the “Acquisition Merger” and, together with the Initial Merger and all other transactions contemplated by the Business Combination Agreement, the “Business Combination”), with Transfix surviving the Acquisition Merger as a wholly owned subsidiary of New Transfix (the “Acquisition Merger Proposal” and, together with the Initial Merger Proposal, the “Business Combination Proposals”). Each of the Business Combination Proposals, the Domestication Proposal, the Organizational Documents Proposal and the NYSE Proposal (each as defined herein, and collectively, the “Condition Precedent Proposals”) is cross-conditioned on the approval of each of the other Condition Precedent Proposals. | FOR
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AGAINST
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ABSTAIN
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(2) | The Domestication Proposal - To consider and vote upon a proposal to approve the change of the Company’s jurisdiction of incorporation by deregistering as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware (the “Domestication” and the time at which the Domestication becomes effective, the “Domestication Effective Time”). | FOR
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AGAINST
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ABSTAIN
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(3) | The Organizational Documents Proposal – To consider and vote upon a proposal to approve (a) the proposed certificate of incorporation (the “Proposed Company Certificate of Incorporation”) and the proposed bylaws (the “Proposed Company Bylaws” and, together with the Proposed Company Certificate of Incorporation, the “Proposed Company Organizational Documents”) of the Company, which if approved, would take effect at the Domestication Effective Time, and (b) the proposed certificate of incorporation (the “Proposed Holdings Certificate of Incorporation”) and the proposed bylaws (the “Proposed Holdings Bylaws” and, together with the Proposed Holdings Certificate of Incorporation, the “Proposed Holdings Organizational Documents”) of New Transfix, which, if approved, would take effect at the Initial Merger Effective Time (such proposal, the “Organizational Documents Proposal”). The Organizational Documents Proposal is cross-conditioned on the approval of each of the other Condition Precedent Proposals. | FOR
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AGAINST
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ABSTAIN
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The Advisory Organizational Documents Proposal – To consider and separately vote upon the following proposals 4A, 4B, 4C, 4D, 4E, 4F, 4G, 4H and 4I to approve certain governance provisions in the Proposed Organizational Documents, which are being presented separately in accordance with U.S. Securities and Exchange Commission guidance to give shareholders the opportunity to present their separate views on important corporate governance provisions (collectively, the “Advisory Organizational Documents Proposals”). |
(4A) | The Authorized Shares Proposal – To consider and vote upon a proposal to approve and adopt an amendment to G Squared’s Amended and Restated Memorandum and Articles of Association, (the “Existing Organizational Documents”), to authorize the change in the authorized share capital of G Squared from (a) 479,000,000 Class A ordinary shares, par value $0.0001 per share, of G Squared (the “Class A Ordinary Shares”), 20,000,000 Class B ordinary shares, par value $0.0001, of G Squared (the “Class B Ordinary Shares”) and 1,000,000 Switchback preference shares, par value $0.0001 per share (the “G Squared Preference Shares”) to (b) shares of Class A common stock, par value $0.0001, of New Transfix (the “New Transfix Class A Common Stock”) and shares of preferred stock, par value $0.0001 per share, of New Transfix (the “New Transfix Preferred Stock”). | FOR
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AGAINST
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ABSTAIN
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(4B) | The Voting Power Proposal – To consider and vote upon a proposal to approve and adopt an amendment to the Existing Organizational Documents, providing that holders of New Transfix Common Stock will be entitled to cast one vote per share on each matter properly submitted to the stockholders entitled to vote. | FOR
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AGAINST
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ABSTAIN
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(4C) | The Director Removal Proposal – To consider and vote upon a proposal to approve and adopt an amendment to the Existing Organizational Documents providing that, subject to the rights of any New Transfix Preferred Stock, directors on the New Transfix Board may only be removed for cause, in each case, by the affirmative vote of the holders of at least a majority of the voting power of then-outstanding shares entitled to vote in the election of directors. | FOR
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AGAINST
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ABSTAIN
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(4D) | The Adoption of Supermajority Vote Requirement to Amend the Proposed Organizational Documents Proposal – To consider and vote upon a proposal to approve and adopt an amendment to the Existing Organizational Documents requiring the affirmative vote of at least two-thirds of the voting power of the outstanding shares to (a) adopt, amend or repeal the Proposed Bylaws of New Transfix, and to (b) amend, alter, repeal or rescind Articles V(B), VI, VII, VIII, IX, X, XI and XII of the Proposed Certificate of Incorporation of New Transfix. | FOR
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AGAINST
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ABSTAIN
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(4E) | The Exclusive Forum Provision Proposal – To consider and vote upon a proposal to approve and adopt a provision of the Proposed Certificate of Incorporation of New Transfix to authorize adopting the Court of Chancery of the State of Delaware (or, in the event that the Court of Chancery does not have jurisdiction, the federal district court for the District of Delaware or other state courts of the State of Delaware) and any appellate court thereof, as the sole and exclusive forum for the following types of actions or proceedings under Delaware statutory or common law: (a) any derivative action, suit or proceeding brought on behalf of New Transfix; (b) any action, suit or proceeding asserting a claim of breach of a fiduciary duty owed by any director, officer or stockholder of New Transfix to New Transfix or to New Transfix’s stockholders; (c) any action, suit or proceeding arising pursuant to any provision of the Delaware General Corporation Law (the “DGCL”) or the Proposed Bylaws or Proposed Certificate of Incorporation (as either may be amended from time to time) of New Transfix; (d) any action, suit or proceeding as to which the DGCL confers jurisdiction on the Court of Chancery; and (e) any action, suit or proceeding asserting a claim against New Transfix or any current or former director, officer or stockholder governed by the internal affairs doctrine. If any action the subject matter of which is within the scope of the immediately preceding sentence is filed in a court other than the courts in the State of Delaware (a “Foreign Action”) in the name of any stockholder, such stockholder will be deemed to have consented to (a) the personal jurisdiction of the state and federal courts in the State of Delaware in connection with any action brought in any such court to enforce the provisions of the immediately precedent sentence and (b) having service of process made upon such stockholder in any such action by service upon such stockholder’s counsel in the Foreign Action as agent for such stockholder. Such exclusive forum provision will not apply to suits brought to enforce a duty or liability created by the Securities Act of 1933, as amended (the “Securities Act”) or the Securities Exchange Act of 1934, as amended, or any other claim for which the federal courts have exclusive jurisdiction. Unless New Transfix consents in writing to the selection of an alternative forum, to the fullest extent permitted by law, the federal district courts of the United States of America will be the exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act. | FOR
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AGAINST
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ABSTAIN
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(4F) | The Action by Written Consent of Stockholders Proposal – To consider and vote upon a proposal to approve and adopt an amendment to the Existing Organizational Documents providing that, subject to the rights of any New Transfix Preferred Stock then-outstanding, any action required or permitted to be taken by New Transfix’s stockholders must be effected at a duly called annual or special meeting of such stockholders and may not be effected by written consent of the stockholders. | FOR
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AGAINST
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ABSTAIN
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(4G) | The Corporate Name Proposal – To consider and vote upon a proposal to approve and adopt an amendment to the Existing Organizational Documents changing the name of the company to “Transfix Holdings, Inc.” | FOR
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AGAINST
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ABSTAIN
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(4H) | The Perpetual Existence Proposal – To consider and vote upon a proposal to approve and adopt an amendment to the Existing Organizational Documents making New Transfix’s corporate existence perpetual. | FOR
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AGAINST
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ABSTAIN
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(4I) | The Provisions Related to Status as a Blank Check Company Proposal – To consider and vote upon a proposal to approve and adopt an amendment to the Existing Organizational Documents removing provisions related to G Squared’s status as a blank check company, which will no longer apply upon consummation of the Business Combination, as G Squared will cease to be a blank check company at such time. | FOR
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AGAINST
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ABSTAIN
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(5) | The NYSE Proposal – To consider and vote upon a proposal to approve, for purposes of complying with applicable listing rules of the New York Stock Exchange, (a) the issuance of up to an aggregate of 91,499,174 shares of Common Stock, par value $0.0001, of New Transfix (the “New Transfix Common Stock”) in connection with the Acquisition Merger and (b) the issuance of up to an aggregate of 13,200,000 shares of New Transfix Common Stock to be issued pursuant to the Forward Purchase Commitment, consisting of up to 11,000,000 shares of New Transfix Common Stock and warrants to acquire up to 2,200,000 shares of New Transfix Common Stock, in each case included as part of the G Squared Units to be purchased pursuant to the Forward Purchase Commitment (the “NYSE Proposal”). The NYSE Proposal is cross-conditioned on the approval of each of the other Condition Precedent Proposals | FOR
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AGAINST
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ABSTAIN
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(6) | The 2022 Plan Proposal – To consider and vote upon a proposal to approve and adopt the Transfix Holdings, Inc. 2022 Incentive Award Plan and material terms thereunder (the “2022 Plan Proposal”). | FOR
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AGAINST
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ABSTAIN
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(7) | The ESPP Proposal – To consider and vote upon a proposal to approve and adopt the Transfix Holdings, Inc. 2021 Employee Stock Purchase Plan and material terms thereunder (the “ESPP Proposal”). | FOR
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AGAINST
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ABSTAIN
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(8) | The Adjournment Proposal – To consider and vote upon a proposal to approve the adjournment of the extraordinary general meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Business Combination Proposals, the Domestication Proposal, the Organizational Documents Proposal, the Advisory Organizational Documents Proposals, the NYSE Proposal, the 2022 Plan Proposal or the ESPP Proposal. | FOR
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AGAINST
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ABSTAIN
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Date: |
Signature | ||||
(Signature If Held Jointly) | ||||
When the Shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in full corporate name by the president or another authorized officer. If a partnership, please sign in partnership name by an authorized person or authorized entity.
The Shares represented by this proxy card, when properly executed, will be voted in the manner directed herein by the undersigned shareholder(s). If no direction is made, this proxy card will be voted “FOR” each of Proposal Nos. 1A, 1B, 2, 3, 4A, 4B, 4C, 4D, 4E, 4F, 4G, 4H, 4I, 5, 6, 7 AND 8. If any other matters properly come before the meeting, unless such authority is withheld on this proxy card, the Proxies will vote on such matters in their discretion. |