{"id":684750,"date":"2022-09-13T09:39:24","date_gmt":"2022-09-13T13:39:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/delwinds-insurance-acquisition-corp-announces-requests-to-redeem-public-shares\/"},"modified":"2022-09-13T09:39:24","modified_gmt":"2022-09-13T13:39:24","slug":"delwinds-insurance-acquisition-corp-announces-requests-to-redeem-public-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/delwinds-insurance-acquisition-corp-announces-requests-to-redeem-public-shares\/","title":{"rendered":"Delwinds Insurance Acquisition Corp. Announces Requests to Redeem Public Shares"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">Houston, TX, Sept.  13, 2022  (GLOBE NEWSWIRE) &#8212; Delwinds Insurance Acquisition Corp. (\u201cDWIN\u201d or the \u201cCompany\u201d) (NYSE: DWIN), a publicly traded special purpose acquisition company, announced today that, as of 5:00 pm Eastern Time on September 12, 2022 (the \u201cRedemption Deadline\u201d), Delwinds has received requests to redeem a total of 10,991,407 DWIN public shares, which requests may be withdrawn at any time prior to the consummation of the previously announced business combination (the \u201cBusiness Combination\u201d) between DWIN and FOXO Technologies Inc. (\u201cFOXO\u201d), or such other date as the Board of Directors of DWIN (the \u201cDWIN Board\u201d) may determine to be the deadline for accepting withdrawals of such redemption requests. If all of the redemption requests received by DWIN as of the Redemption Deadline are satisfied by DWIN, 10,991,407 of the outstanding public shares of DWIN, representing 99.5% of the total public shares of DWIN outstanding prior to the Redemption Deadline, would be redeemed.\u00a0<\/p>\n<p>DWIN will hold a Special Meeting of Stockholders (\u201cSpecial Meeting\u201d) on September 14, 2022, at 9:00 am Eastern Time, to approve the Business Combination and the other proposals set forth in the definitive proxy statement included in the Registration Statement on Form S-4 related to the Business Combination filed with, and declared effective by, the Securities and Exchange Commission (the \u201cSEC\u201d). DWIN has established August 19, 2022, as the record date for such meeting (\u201cRecord Date\u201d). DWIN stockholders of record at the close of business on the Record Date are entitled to vote the shares of common stock of DWIN owned by them at the Special Meeting. Approval of the Business Combination by the DWIN stockholders is among the conditions to be satisfied prior to the consummation of the Business Combination (currently expected to occur soon after the Special Meeting, provided the conditions to closing are satisfied or, as applicable, waived).<\/p>\n<p>DWIN has also scheduled an additional Special Meeting of Stockholders (\u201cExtension Meeting\u201d) on September 14, 2022, at 10:00 am Eastern Time. At the Extension Meeting, stockholders of DWIN will be asked to consider and vote upon a proposal to amend the amended and restated certificate of incorporation of DWIN (the \u201cCharter\u201d) to extend the date (the \u201cExtension\u201d) by which DWIN is required to consummate its initial business combination from September 15, 2022, until December 15, 2022. The Extension is being sought to provide additional time, if necessary, for DWIN to complete its initial business combination. <\/p>\n<p>\n        <strong><br \/>\n          <u>DWIN encourages all shareholders to vote on the proposal(s) for both the Special Meeting and the Extension Meeting.<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>DWIN stockholders who need assistance in completing the proxy card, need additional copies of the definitive proxy statement\/prospectus, or have questions regarding the Special Meeting or Extension Meeting may contact DWIN\u2019s proxy solicitor, Saratoga Proxy Consulting, by calling (888) 368-0379, or by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0POqEq0YFrk0EGP6KPlQY1zUleqA_PwIazYFSMdOl3Mo2QLR-RzvO3iDMFc4vdfwETLOl5tEMdd5Znyc5r8RluqxNhRueCUb0m0hmY5sd5k=\" rel=\"nofollow noopener\" target=\"_blank\"><u>info@saratogaproxy.com<\/u><\/a>.<\/p>\n<p>\n        <strong>About Delwinds Insurance Acquisition Corp.<\/strong>\n      <\/p>\n<p>Delwinds is a special purpose blank check company formed to effectuate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Delwinds\u2019 Chairman and Chief Executive Officer is Andrew J. Poole. For more information on Delwinds, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MoWe2AU6ySG2LHJw7-37vW84YzYejNZ8rCDJSO4KqNhOzcLrUeFg2G8qEUQS_J9ZjpuLj8szQ8CahqZTkQCxEQ==\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.delwinds.com<\/u><\/a>.<\/p>\n<p>\n        <strong>About FOXO Technologies Inc.<\/strong>\n      <\/p>\n<p>FOXO is a technology company aiming to make longevity science fundamental to life insurance. By applying epigenetic science and AI to commercialize saliva-based biomarkers, FOXO plans to simplify the consumer underwriting journey and enhance the consumer value proposition. FOXO\u2019s platform will modernize the life industry with saliva-based underwriting technology and consumer engagement services. FOXO is the parent company of the FOXO Life Insurance Company. For more information about FOXO, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YVa4O5gu1G_SeEx8mF2cPeXUuhbnM0aD6udw9VOxVuYdBFnYc9n8pW5_pN52fE6LSDqwXeSS_YQtKygAXoN9hkxLjSJTY_G8IZqCA7hU9C4=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.foxotechnologies.com<\/u><\/a>.<\/p>\n<p>\n        <strong>Important Information and Where to Find It<\/strong>\n      <\/p>\n<p>Delwinds filed with the SEC a Registration Statement on Form S-4, (as amended, the \u201cRegistration Statement\u201d), which contains information about the proposed Business Combination and the respective businesses of FOXO and Delwinds. Delwinds has mailed a final prospectus and definitive proxy statement and other relevant documents to its stockholders. This communication is not a substitute for the Registration Statement, the definitive proxy statement\/final prospectus or any other document that Delwinds has sent to its stockholders in connection with the Business Combination. The information filed by Delwinds contains substantially more information about FOXO than is being furnished with this communication and may contain information that an investor will consider important in making a decision regarding an investment in Delwinds securities. Delwinds stockholders are urged to read the final prospectus and definitive in connection with the solicitation of proxies for the special meeting to be held to approve the proposed transaction, because these documents contain important information about Delwinds, FOXO and the proposed transaction. Stockholders of Delwinds are also able to obtain a free copy of the proxy statement, as well as other filings containing information about Delwinds, without charge, at the SEC\u2019s website (www.sec.gov) or by calling 1-800-SEC-0330. Copies of the proxy statement and Delwinds\u2019 other filings with the SEC can also be obtained, without charge, at Delwinds\u2019 website at www.delwinds.com\/investors or upon written request to One City Centre, 1021 Main Street, Suite 1960, Houston, TX 77002.<\/p>\n<p>\n        <strong>Participants In the Solicitation<\/strong>\n      <\/p>\n<p>FOXO and Delwinds and their respective directors and officers and other members of management and employees may be deemed participants in the solicitation of proxies in connection with the proposed business combination. Delwinds stockholders and other interested persons may obtain, without charge, more detailed information regarding directors and officers of Delwinds in the Registration Statement. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies from Delwinds\u2019 stockholders in connection with the proposed business combination is included in the definitive proxy statement\/prospectus that Delwinds has filed with the SEC.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains statements that constitute \u201cforward-looking statements,\u201d within the meaning of the federal securities laws including statements regarding the expected outcome of the Special Meeting to approve the Business Combination between Delwinds and FOXO,\u00a0 the anticipated consummation date of the Business Combination, the expected listing of the combined company\u2019s stock on the New York Stock Exchange, and the future performance and market opportunities of the combined company. Actual results and performance could differ materially and adversely from those expressed or implied in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Delwinds and FOXO, including those set forth in the Risk Factors section of Delwinds&#8217; registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC&#8217;s website, www.sec.gov. Delwinds and FOXO do not undertake any obligation to update these statements for revisions or changes after the date of this release, except as required by law. Neither Delwinds nor FOXO gives any assurance that either Delwinds or FOXO, or the combined company, will achieve its expectations. <\/p>\n<p>\n        <strong>No Offer or Solicitation<\/strong>\n      <\/p>\n<p align=\"justify\">This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.<\/p>\n<p>\n        <strong>Contact:<\/strong>\n      <\/p>\n<p>Delwinds Insurance Acquisition Corp.<br \/>Bryce Quin<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jXBzSRf-P_kn9Lu4xo8mjosleALftcydZO3a7g2Nn8hkefdibSIM662tnTucOgEyOowacLLPYs45Hk2PeuwnivYQn8BRo03RgoRveBq0ncY=\" rel=\"nofollow noopener\" target=\"_blank\"><u>bryce@delwinds.com<\/u><\/a><\/p>\n<p>Investor Relations<br \/>Cody Slach, Matthew Hausch<br \/>Gateway Investor Relations<br \/>(949) 574-3860<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FqOW0Djpf4MV_WkwGPV8rEqR_Nnz7eNbN44PnU7jm1R8PxFlPWa-53yl4-U1wKgZu2Bl3EFwDHNZCQ87vjxY4TSZGpAPuX9J75S4zG1deEk=\" rel=\"nofollow noopener\" target=\"_blank\"><u>FOXO@gatewayir.com<\/u><\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY0NTcwNSM1MTUwNDAyIzUwMDA3NjM4MA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZWM2NTg2MDEtZjdkNi00MzIxLWI1YzctYmM4YmZhMWEzMDBjLTUwMDA3NjM4MA==\/tiny\/Delwinds-Insurance-Acquisition.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Houston, TX, Sept. 13, 2022 (GLOBE NEWSWIRE) &#8212; Delwinds Insurance Acquisition Corp. (\u201cDWIN\u201d or the \u201cCompany\u201d) (NYSE: DWIN), a publicly traded special purpose acquisition company, announced today that, as of 5:00 pm Eastern Time on September 12, 2022 (the \u201cRedemption Deadline\u201d), Delwinds has received requests to redeem a total of 10,991,407 DWIN public shares, which requests may be withdrawn at any time prior to the consummation of the previously announced business combination (the \u201cBusiness Combination\u201d) between DWIN and FOXO Technologies Inc. (\u201cFOXO\u201d), or such other date as the Board of Directors of DWIN (the \u201cDWIN Board\u201d) may determine to be the deadline for accepting withdrawals of such redemption requests. If all of the redemption requests received by DWIN as of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/delwinds-insurance-acquisition-corp-announces-requests-to-redeem-public-shares\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Delwinds Insurance Acquisition Corp. Announces Requests to Redeem Public Shares&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-684750","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Delwinds Insurance Acquisition Corp. Announces Requests to Redeem Public Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/delwinds-insurance-acquisition-corp-announces-requests-to-redeem-public-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Delwinds Insurance Acquisition Corp. Announces Requests to Redeem Public Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Houston, TX, Sept. 13, 2022 (GLOBE NEWSWIRE) &#8212; Delwinds Insurance Acquisition Corp. (\u201cDWIN\u201d or the \u201cCompany\u201d) (NYSE: DWIN), a publicly traded special purpose acquisition company, announced today that, as of 5:00 pm Eastern Time on September 12, 2022 (the \u201cRedemption Deadline\u201d), Delwinds has received requests to redeem a total of 10,991,407 DWIN public shares, which requests may be withdrawn at any time prior to the consummation of the previously announced business combination (the \u201cBusiness Combination\u201d) between DWIN and FOXO Technologies Inc. (\u201cFOXO\u201d), or such other date as the Board of Directors of DWIN (the \u201cDWIN Board\u201d) may determine to be the deadline for accepting withdrawals of such redemption requests. If all of the redemption requests received by DWIN as of &hellip; Continue reading &quot;Delwinds Insurance Acquisition Corp. 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Announces Requests to Redeem Public Shares - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/delwinds-insurance-acquisition-corp-announces-requests-to-redeem-public-shares\/","og_locale":"en_US","og_type":"article","og_title":"Delwinds Insurance Acquisition Corp. Announces Requests to Redeem Public Shares - Market Newsdesk","og_description":"Houston, TX, Sept. 13, 2022 (GLOBE NEWSWIRE) &#8212; Delwinds Insurance Acquisition Corp. (\u201cDWIN\u201d or the \u201cCompany\u201d) (NYSE: DWIN), a publicly traded special purpose acquisition company, announced today that, as of 5:00 pm Eastern Time on September 12, 2022 (the \u201cRedemption Deadline\u201d), Delwinds has received requests to redeem a total of 10,991,407 DWIN public shares, which requests may be withdrawn at any time prior to the consummation of the previously announced business combination (the \u201cBusiness Combination\u201d) between DWIN and FOXO Technologies Inc. (\u201cFOXO\u201d), or such other date as the Board of Directors of DWIN (the \u201cDWIN Board\u201d) may determine to be the deadline for accepting withdrawals of such redemption requests. If all of the redemption requests received by DWIN as of &hellip; Continue reading \"Delwinds Insurance Acquisition Corp. 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