Capitol Acquisition Corp. III and Cision revealed that subject to the completion of the business combination, expected on June 29th, Capitol intends to transfer the listing to the NYSE the following day, June 30, 2017. Upon completion of the business combination, Capitol and Cision will become wholly-owned subsidiaries of Capitol Acquisition Holding Company Ltd., which will change its name to Cision Ltd. The ordinary shares and warrants of Cision Ltd. will trade on the NYSE following the closing under the symbols “CISN” and “CISN WS”, respectively.
The transfer of listing follows the March 20, 2017 announcement of Capitol’s merger with Cision, a leading global provider of earned media solutions. Cision delivers a sophisticated, easy-to-use platform for communicators to reach relevant media influencers and craft compelling campaigns that impact customer behavior. With rich monitoring and analytics, the Cision Communications Cloud arms brands with the insights they need to link their earned media to strategic business objectives.
“We are excited for Cision to make its public market debut alongside the NYSE’s lineup of world-class technology companies,” said Kevin Akeroyd, Chief Executive Officer of Cision. “We look forward to a strong, lasting partnership with the NYSE.”
“We are delighted to welcome Capitol and Cision with their transfer to the world’s greatest network of public companies,” said John Tuttle, Global Head of Listings at the NYSE. “As a leading global provider of earned media solutions, Cision is a great addition to our community and we welcome the opportunity to support Cision’s continued growth.”
Capitol Acquisition Corp. III is a publicly traded investment vehicle formed for the purpose of effecting a merger, acquisition or similar business combination. Capitol is led by Chairman and Chief Executive Officer Mark D. Ein, and President and Chief Financial Officer L. Dyson Dryden.
Cision is a leading media communication technology and analytics company that enables marketers and communicators to effectively manage their earned media programs in coordination with paid and owned channels to drive business impact.