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Mosaic Acquisition Corp. and Vivint Smart Home Provide Update on Transaction

Jan 16, 2020 - Business Wire
Mergers and Acquisitions

Mosaic Acquisition Corp. (NYSE: MOSC; "Mosaic") and Vivint Smart Home, Inc. ("Vivint") today announced that, in connection with their pending transaction, Vivint has waived the closing condition relating to the number of redemptions of public shares of Mosaic Class A common stock ("Mosaic common stock"). Under the terms of the merger agreement, it is a condition to Vivint's obligation to consummate the merger that the number of redemptions of Mosaic common stock under the redemption offer made b...