UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 22, 2021
STARBOARD VALUE ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
Delaware | 001- 39496 | 84-3743013 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
777 Third Avenue, 18th Floor New York, NY |
10017 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (212) 845-7977
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
x | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | |
Units, each consisting of one share of Class A Common Stock and one-sixth of one Warrant to purchase one share of Class A Common Stock | SVACU | The Nasdaq Stock Market LLC | |
Class A Common Stock, par value $0.0001 per share | SVAC | The Nasdaq Stock Market LLC | |
Redeemable Warrants, exercisable for one share of Class A Common Stock for $11.50 per share | SVACW | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 7.01 Regulation FD Disclosure.
As previously disclosed, on February 21, 2021, Starboard Value Acquisition Corp., a Delaware corporation (“SVAC”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Mundo Merger Sub 1, Inc., a Delaware corporation and wholly-owned subsidiary of SVAC (“Merger Sub 1”), Mundo Merger Sub 2, LLC, a Delaware limited liability company and wholly-owned subsidiary of SVAC (“Merger Sub 2”), Cyxtera Technologies, Inc., a Delaware corporation (“Cyxtera”), and Mundo Holdings, Inc. (“NewCo”), a Delaware corporation and wholly-owned subsidiary of SIS Holdings LP, a Delaware limited partnership (“Cyxtera Stockholder”), which provides for, among other things, (i) Cyxtera to be contributed to Newco by the Cyxtera Stockholder, with Cyxtera becoming a wholly-owned subsidiary of Newco, (ii) Merger Sub 1 to be merged with and into NewCo (the “First Merger”), with NewCo surviving the First Merger as a wholly-owned subsidiary of SVAC and Merger Sub 1 ceasing to exist, and (iii) immediately following the First Merger, NewCo to be merged with and into Merger Sub 2 (the “Second Merger”, and together with the First Merger and the other transactions contemplated by the Merger Agreement, the “Transactions”), with Merger Sub 2 surviving the Second Merger as a wholly-owned subsidiary of SVAC and NewCo ceasing to exist. As a result of the Transactions, Cyxtera and the various operating subsidiaries of Cyxtera will become subsidiaries of SVAC, with the Cyxtera Stockholder becoming a stockholder of SVAC.
On February 22, 2021, certain communications regarding the Transactions were made, which are attached hereto as Exhibits 99.1, 99.2, 99.3, 99.4, and 99.5.
Such exhibits and the information set forth therein shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.
Item 8.01 Other Events.
Item 7.01 is incorporated herein by reference.
Additional Information and Where to Find It
In connection with the Transactions, SVAC is expected to file a proxy statement (the “Proxy Statement”) with the Securities and Exchange Commission (the "SEC"), which will be distributed to holders of SVAC’s common stock in connection with SVAC’s solicitation of proxies for the vote by the SVAC stockholders with respect to the Transactions and other matters as described in the Proxy Statement. SVAC urges its stockholders and other interested persons to read, when available, the Proxy Statement and amendments thereto and documents incorporated by reference therein, as well as other documents filed with the SEC in connection with the transactions, as these materials will contain important information about SVAC, Cyxtera and the Transactions. When available, the definitive Proxy Statement will be mailed to SVAC’s stockholders. Stockholders will also be able to obtain copies of such documents, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: Starboard Value Acquisition Corp., 777 Third Avenue, 18th Floor, New York, NY 10017.
Participants in Solicitation
SVAC and its directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of SVAC’s stockholders in connection with the Transactions. Stockholders of SVAC may obtain more detailed information regarding the names, affiliations and interests of SVAC’s directors and executive officers in SVAC’s final prospectus for its initial public offering filed with the SEC on September 11, 2020 and in the Proxy Statement relating to the Transactions when available. Information concerning the interests of SVAC’s participants in the solicitation, which may, in some cases, be different than those of SVAC’s stockholders generally, will be set forth in the Proxy Statement relating to the Transactions when it becomes available.
Forward-Looking Statements
This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the federal securities laws, opinions and projections prepared by Cyxtera’s and SVAC’s management. These forward-looking statements generally are identified by the words “expects,” “will,” “projected,” “continue,” “ increase,” and/or similar expressions that concern Cyxtera’s or SVAC’s strategy, plans or intentions, but the absence of these words does not mean that a statement is not forward-looking. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. Because forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Cyxtera’s or SVAC’s control. Actual results and condition (financial or otherwise) may differ materially from those indicated in the forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results and conditions to differ materially from those indicated in the forward-looking statements, including, but not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the Transactions, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Transactions or that the required stockholder approval is not obtained; failure to realize the anticipated benefits of the Transactions; the risk that the market price of the combined company’s securities may decline following the consummation of the Transactions if the Transaction’s benefits do not meet the expectations of investors or securities analysts; risks relating to the uncertainty of Cyxtera’s projected operating and financial information; the impact of Cyxtera’s substantial debt on its future cash flows and its ability to raise additional capital in the future; adverse global economic conditions and credit market uncertainty; the regulatory, currency, legal, tax and other risks related to Cyxtera’s international operations; the United Kingdom’s withdrawal from the European Union and the potential negative effect on global economic conditions, financial markets and Cyxtera’s business; the effects of the COVID-19 pandemic on Cyxtera’s business or future results; the ability to access external sources of capital on favorable terms or at all, which could limit Cyxtera’s ability to execute its business and growth strategies; fluctuations in foreign currency exchange rates in the markets in which Cyxtera operates internationally; physical and electronic security breaches and cyber-attacks which could disrupt Cyxtera’s operations; Cyxtera’s dependence upon the demand for data centers; Cyxtera’s products and services having a long sales cycle that may harm its revenues and operating results; any failure of Cyxtera’s physical infrastructure or negative impact on its ability to provide its services, or damage to customer infrastructure within its data centers, which could lead to significant costs and disruptions that could reduce Cyxtera’s revenue and harm its business reputation and financial results; inadequate or inaccurate external and internal information, including budget and planning data, which could lead to inaccurate financial forecasts and inappropriate financial decisions; maintaining sufficient insurance coverage; environmental regulations and related new or unexpected costs; climate change and responses to it; prolonged power outages, shortages or capacity constraints; the combined company’s inability to recruit or retain key executives and qualified personnel; the ability to compete successfully against current and future competitors; Cyxtera’s fluctuating operating results; incurring substantial losses, as Cyxtera has previously; Cyxtera’s ability to renew its long-term data center leases on acceptable terms, or at all; Cyxtera’s government contracts, which are subject to early termination, audits, investigations, sanctions and penalties; failure to attract, grow and retain a diverse and balanced customer base, including key magnet customers; future consolidation and competition in Cyxtera’s customers’ industries, which could reduce the number of Cyxtera’s existing and potential customers and make it dependent on a more limited number of customers; Cyxtera’s reliance on third parties to provide internet connectivity to its data centers; disruption or termination of connectivity; government regulation; the non-realization of the financial or strategic goals related to acquisitions that were contemplated at the time of any transaction; Cyxtera’s ability to protect its intellectual property rights; Cyxtera’s ability to continue to develop, acquire, market and provide new offerings or enhancements to existing offerings that meet customer requirements and differentiate it from its competitors; disruptions associated with events beyond its control, such as war, acts of terror, political unrest, public health concerns, labor disputes or natural disasters; sales or issuances of shares of the combined company’s common stock may adversely affect the market price of the combined company’s common stock; the requirements of being a public company, including maintaining adequate internal control over financial and management systems; risks related to corporate social responsibility; Cyxtera’s ability to lease available space to existing or new customers, which could be constrained by its ability to provide sufficient electrical power; Cyxtera’s ability to adapt to changing technologies and customer requirements; Cyxtera’s ability to manage its growth; risks related to litigation, securities class action or threatened litigation which may divert management time and attention, require Cyxtera to pay damages and expenses or restrict the operation of its business; the volatility of the market price of the combined company’s stock; the incurrence of goodwill and other intangible asset impairment charges, or impairment charges to Cyxtera’s property, plant and equipment, which could result in a significant reduction to its earnings; U.S. and foreign tax legislation and future changes to applicable U.S. or foreign tax laws and regulations and/or their interpretation may have an adverse effect on Cyxtera’s business, financial condition and results of operations and tax rules and regulations are subject to interpretation and require judgment by Cyxtera that may be successfully challenged by the applicable taxation authorities upon audit, which could result in additional tax liabilities; and Cyxtera’s ability to use its United States federal and state net operating losses to offset future United States federal and applicable state taxable income may be subject to certain limitations which could accelerate or permanently increase taxes owed. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of SVAC’s final prospectus related to its initial public offering, the proxy statement discussed below and other documents filed by SVAC from time to time with the SEC. There may be additional risks that Cyxtera and SVAC do not presently know or that they currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Cyxtera’s and SVAC’s expectations, plans or forecasts of future events and views as of the date of this Current Report on Form 8-K. Accordingly, you should not place undue reliance upon any such forward-looking statements in this Current Report on Form 8-K. Neither Cyxtera, SVAC nor any of their affiliates have any obligation to update this Current Report on Form 8-K.
No Offer or Solicitation
This Current Report on Form 8-K is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of SVAC or Cyxtera nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Starboard Value Acquisition Corp. | |||
Dated: February 22, 2021 | |||
By: | /s/ Martin D. McNulty, Jr. | ||
Name: | Martin D. McNulty, Jr. | ||
Title: | Chief Executive Officer |
Exhibit 99.1
CYXTERA AGREES TO MERGE WITH PUBLICLY-LISTED STARBOARD VALUE ACQUISITION CORP IN $3.4-BILLION TRANSACTION
Key Messages
· | [PREMIUM, SCALE ASSET] Cyxtera is the largest privately held retail colocation data center provider in the world, and will be the third largest publicly held retail colocation provider following the closing. Cyxtera’s scale and differentiation include: |
o | Global footprint of 61 data centers in 29 markets, including all of the top 10 data center markets (representing ~70% of facilities), positioning the Company to enable and accelerate enterprise digital transformation |
o | 2,300+ customers across all major industry verticals, with 91% of revenue from large blue-chip private and public organizations and 66% from the fast-growing TMT sector (e.g., Capgemini, Cognizant, Cloudflare, Fujitsu, HPE, Nvidia, and Zenlayer.) |
o | Cyxtera offers innovative suite of deeply connected and intelligently automated infrastructure and interconnection solutions to businesses, enabling them to scale faster, meet rising consumer expectations and gain a competitive edge |
o | Cyxtera is projected to generate revenues of $690 million and Adjusted EBITDA of $213 million in 2020 |
· | [SWEET SPOT IN FAST-GROWING INDUSTRY] Powerful secular tailwinds are driving continued growth in the data center industry overall and the acceleration of digital transformation and hybrid IT strategies are increasing demand for retail colocation and interconnection services – the sweet spot in a highly attractive industry and Cyxtera’s focus |
o | Accelerated by the “mission critical” nature of digital infrastructure, the data center sector has exploded in size, value, and importance, with public market caps growing 10x over the past year and valuations more than doubling |
o | Big data & analytics, IoT, digital transformation, AI, and 5G, among other forces are driving a continued IT outsourcing boom, surging data usage and massive hybrid growth – all of which means more need for colocation and interconnection |
o | As enterprise customers move some of their workloads back out of the cloud – driven by the need for network and computing efficiencies – highly interconnected data center facilities have become strategic and critical infrastructure assets that command premium pricing from customers and premium multiples |
o | Cyxtera’s global presence with facilities in 29 markets, including the 10 top colocation markets in the world, help to differentiate among peers |
1
· | [DIFFERENTIATED, WINNING STRATEGY] Cyxtera’s innovative suite of deeply connected and intelligently automated global retail colocation and interconnection solutions enable businesses to scale faster, meet rising consumer expectations and gain a competitive edge |
o | Cyxtera’s primary offering is focused on retail colocation and interconnection services, which have become strategic and critical infrastructure assets as many enterprises, service providers and government agencies increasingly move to a hybrid model for their IT infrastructure needs |
o | As one of the largest interconnection service provider globally, Cyxtera is well positioned to provide highly interconnected facilities and facilitate connectivity to services from its expansive network of strategic partners, such as Nvidia (compute-heavy AI workloads) and Hewlett Packard Enterprise (high-velocity, on-demand infrastructure services) |
o | Cyxtera’s industry-leading, high-growth software-defined interconnect solution (provided across its digital exchange) connects enterprises with leading service providers in a highly interconnected ecosystem, enhancing customer value proposition of connectivity ecosystem |
o | Cyxtera’s enterprise bare metal offering provides the financial and operational flexibility of cloud with the control, performance, and security of enterprise-grade dedicated infrastructure |
· | [ATTRACTIVE MODEL WITH SIGNIFICANT UPSIDE] Cyxtera is at an exciting inflection point, with an attractive financial model and outlook that offer significant growth potential |
o | Following the carve-out of CenturyLink, Cyxtera’s experienced team made capital investments across sales and operations functions in addition to significantly increasing the company’s sellable capacity |
o | Company is successfully executing on its multiple revenue growth and margin expansion opportunities, including driving utilization within its current global footprint, expanding capacity in strategic markets, and maintaining industry-low churn by cross-selling solutions across its broad suite of products |
o | Cyxtera has a highly attractive business model, with predictable top-line, robust operating leverage, success-based capital deployment and significant upside potential |
o | Conservative management plan supports significant EBITDA upside – 12% Adjusted EBITDA growth to $345 million in 2025 – and does not account for potential upside from capital investments in new market expansions |
o | Cyxtera’s implied value is at a significant discount to its peers, especially considering the scarcity of truly global or retail/interconnect platforms |
2
· | [MERGER / PUBLIC-LISTING ACCELERATES GROWTH] Cyxtera’s merger with publicly-listed SVAC provides access to capital that can fuel more growth, while adding deep expertise across corporate governance, capital allocation, and public markets |
o | Access to public markets creates potential to deploy incremental capital at very high ROI across the Company’s footprint |
o | In fragmented sector with clear benefits of scale, where enterprise customers look for global partners, disciplined M&A strategy has potential to accelerate growth strategy and reduce risk |
o | Cyxtera’s M&A strategy is expected to focus on 1) entering new geographic markets, 2) increasing asset ownership, and 3) enhancing interconnectivity and service provider ecosystem |
o | SVAC provides significant network effects from a credible institutional sponsor with a strong reputation, a deep bench of proven business leaders, and a proven investment process – in addition to the full backing of Starboard, including its resources, capital and public markets expertise |
· | [WORLD-CLASS LEADERSHIP] Cyxtera’s great leadership team supported by prudent financial sponsors |
o | Proven, public-company-ready management team to execute on the company’s plan |
o | Existing owners (including BC Partners and Medina Capital) rolling ~$1.1bn (100% of current equity stake) |
o | Further strengthened by Starboard’s expertise in corporate governance, operational execution, and capital allocation |
Additional Information and Where to Find It
In connection with the merger, Starboard Value Acquisition Corp. (“SVAC”) is expected to file a proxy statement (the “Proxy Statement”) with the SEC, which will be distributed to holders of SVAC’s common stock in connection with SVAC’s solicitation of proxies for the vote by the SVAC stockholders with respect to the merger and other matters as described in the Proxy Statement. SVAC urges its stockholders and other interested persons to read, when available, the Proxy Statement and amendments thereto and documents incorporated by reference therein, as well as other documents filed with the Securities and Exchange Commission (the “SEC”) in connection with the merger, as these materials will contain important information about SVAC, Cyxtera Technologies, Inc. (“Cyxtera”) and the merger. When available, the definitive Proxy Statement will be mailed to SVAC’s stockholders. Stockholders will also be able to obtain copies of such documents, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: Starboard Value Acquisition Corp., 777 Third Avenue, 18th Floor, New York, NY 10017.
Participants in Solicitation
SVAC and its directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of SVAC’s stockholders in connection with the merger. Stockholders of SVAC may obtain more detailed information regarding the names, affiliations and interests of SVAC’s directors and executive officers in SVAC’s final prospectus for its initial public offering filed with the SEC on September 11, 2020 and in the Proxy Statement relating to the merger when available. Information concerning the interests of SVAC’s participants in the solicitation, which may, in some cases, be different than those of SVAC’s stockholders generally, will be set forth in the Proxy Statement relating to the merger when it becomes available.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of SVAC or Cyxtera nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
3
Exhibit 99.2
Hello Cyxtera Team,
I hope all of you continue to stay safe and healthy. I’m very excited to share that today Cyxtera is announcing the signing of a merger agreement with Starboard Value Acquisition Corp. (NASDAQ: SVAC), a publicly traded special purpose acquisition company. By merging with SVAC, we will gain access to new capital sources to fuel our growth, accelerate product and technology innovation, enhance our ability to quickly meet customer needs, and further support our strategic go-to-market efforts. Once the merger is complete, Cyxtera will be the third largest publicly traded global provider of retail colocation and interconnection services.
Today’s announcement would not have been possible without all the hard work and dedication of the entire #OneCyxtera team. All of the efforts to drive growth, enhance our customer relationships, and efficiently manage the business have resulted in Cyxtera launching this exciting new chapter in our journey.
To view the press release please click here. Also, please make sure to share the news with your networks via social media by reposting Cyxtera’s posts on Twitter and LinkedIn.
As a reminder, United States federal securities laws prohibit the purchase or sale of securities by persons who are aware of material nonpublic information about a publicly traded company, as well as the disclosure of material, nonpublic information about a company to others who then trade in the company's securities. Because SVAC has agreed to acquire Cyxtera, information you possess concerning Cyxtera may be material nonpublic information of SVAC prohibiting you from trading in securities of SVAC or disclosing such information to others who may trade in SVAC’s securities. If you have any questions concerning this topic, please direct them to Victor Semah (victor.semah@cyxtera.com).
I look forward to sharing more details about today’s announcement, and other updates, on our quarterly town hall tomorrow.
Best,
Nelson
NELSON FONSECA
Chief Executive Officer
Cyxtera
o: 305.537.9500
2333 Ponce de Leon Blvd, Suite 900
Coral Gables, FL 33134
________________________________________
Additional Information and Where to Find It
In connection with the merger, Starboard Value Acquisition Corp. (“SVAC”) is expected to file a proxy statement (the
“Proxy Statement”) with the SEC, which will be distributed to holders of SVAC’s common stock in connection with
SVAC’s solicitation of proxies for the vote by the SVAC stockholders with respect to the merger and other matters as described
in the Proxy Statement. SVAC urges its stockholders and other interested persons to read, when available, the Proxy Statement
and amendments thereto and documents incorporated by reference therein, as well as other documents filed with the Securities and
Exchange Commission (the “SEC”) in connection with the merger, as these materials will contain important information
about SVAC, Cyxtera Technologies, Inc. (“Cyxtera”) and the merger. When available, the definitive Proxy Statement
will be mailed to SVAC’s stockholders. Stockholders will also be able to obtain copies of such documents, without charge,
once available, at the SEC’s website at www.sec.gov, or by directing a request to: Starboard Value Acquisition Corp.,
777 Third Avenue, 18th Floor, New York, NY 10017.
Participants in Solicitation
SVAC and its directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies
of SVAC’s stockholders in connection with the merger. Stockholders of SVAC may obtain more detailed information regarding
the names, affiliations and interests of SVAC’s directors and executive officers in SVAC’s final prospectus for its
initial public offering filed with the SEC on September 11, 2020 and in the Proxy Statement relating to the merger when available.
Information concerning the interests of SVAC’s participants in the solicitation, which may, in some cases, be different
than those of SVAC’s stockholders generally, will be set forth in the Proxy Statement relating to the merger when it becomes
available.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities
or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities
of SVAC or Cyxtera nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation,
or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Exhibit 99.3
![]() |
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dditional Information and Where to Find It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articipants in Solicitation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o Offer or Solicitation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` N(&5'+56+/0$61&(0&"#'#.1&-(50&1"#$%&%$+)&+56+/0$,)$('+:&G$+$)&(50&,01F101'/1+&,#.1 9%$/H&<101&)(&G$14&(50&,0$G#/-&,(%$/- |
Exhibit 99.4
Dear __________
I hope you’re doing well. Hopefully you had the opportunity to see the exciting news today that Cyxtera is merging with Starboard Value Acquisition Corp. (NASDAQ: SVAC), a publicly traded special purpose acquisition company. This merger is a great development for Cyxtera’s continued growth as we look to accelerate our product and technology innovation, enhance our ability to meet your needs as they evolve, and continue to and invest in our global data center platform.
If you’d like to read more about the news or check out the investor call we hosted earlier today, visit our new Investor Relations page.
If there’s anything I can help you with, please don’t hesitate to reach out.
Best,
Cyxtera Technologies
Additional Information and Where to Find It
In connection with the merger, Starboard Value Acquisition Corp. (“SVAC”) is expected to file a proxy statement (the “Proxy Statement”) with the SEC, which will be distributed to holders of SVAC’s common stock in connection with SVAC’s solicitation of proxies for the vote by the SVAC stockholders with respect to the merger and other matters as described in the Proxy Statement. SVAC urges its stockholders and other interested persons to read, when available, the Proxy Statement and amendments thereto and documents incorporated by reference therein, as well as other documents filed with the Securities and Exchange Commission (the “SEC”) in connection with the merger, as these materials will contain important information about SVAC, Cyxtera Technologies, Inc. (“Cyxtera”) and the merger. When available, the definitive Proxy Statement will be mailed to SVAC’s stockholders.
Stockholders will also be able to obtain copies of such documents, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: Starboard Value Acquisition Corp., 777 Third Avenue, 18th Floor, New York, NY 10017.
Participants in Solicitation
SVAC and its directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of SVAC’s stockholders in connection with the merger. Stockholders of SVAC may obtain more detailed information regarding the names, affiliations and interests of SVAC’s directors and executive officers in SVAC’s final prospectus for its initial public offering filed with the SEC on September 11, 2020 and in the Proxy Statement relating to the merger when available. Information concerning the interests of SVAC’s participants in the solicitation, which may, in some cases, be different than those of SVAC’s stockholders generally, will be set forth in the Proxy Statement relating to the merger when it becomes available.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of SVAC or Cyxtera nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Exhibit 99.5
Cyxtera + SVAC Merger Announcement Communications
Social Media content
Announcement day
Twitter: We're excited to share that #Cyxtera will merge with public company Starboard Value Acquisition Corp. Read our entire announcement here: https://www.cyxtera.com/about-us/press-releases/cyxtera-agrees-to-merge-with-publicly-listed-starboard-value-acquisition-corp-in-3-4-billion-transaction #datacenter #colocation #HybridIT
LinkedIn: We're excited to share that #Cyxtera will merge with public company Starboard Value Acquisition Corp. in a $3.4-billion transaction. Read our entire announcement here: https://www.cyxtera.com/about-us/press-releases/cyxtera-agrees-to-merge-with-publicly-listed-starboard-value-acquisition-corp-in-3-4-billion-transaction #datacenter #colocation #HybridIT
JZ
MMK7<#1M9D_O;[5K7M3(MKWIU6E'6FE>LMJWC; /;T-V"$K23/.I[[=I27NIW
MHHL]I&*-F47OY@MI\^4OQ(1;4J2>5J7V1:8,:?!@XY*WDQ7>JX7]>UF(@8"6
MMP.$/BO[U@#[#!!#-#$.,^O6D8TLPQ(^+UP5S,KP[I?#HJ7J8PV*T'#6=).0
M3*^-:1Q*@%TT,2YC:(1MIE83.Q?&2H0R@(%Y,F\N6<:P=;*]"E/-/(/S08D+RRJW.)MLIJH9168Q$-!YFV"N
M@9_%2&8X_[BIAQ&O5#EIY!K72X+.M+*94XGBK(YW9>XUW3+S3-9&ZSBI4(2D
M+4/=7R.B&3%>GF07GTEJ37*:M_"],7-EC>4X$Y&8 ,)S^JZ4UK:S$;YX4&.\][0
MH.WNQ#BMD)PK"5%YQ>"^^XP?GWF(NQSU3EY]6%KOYRK#_L6R?_S?R74^QK^7
MZ3"M<_=JC_OW"E_HQ<<] P %)-2T9&. 7Y. 0
MH<0#JD JX]47" @=$F 4T (8/"\-P&$;HL09WJ 0-J$9:'44, %!N 3@S
M:ZJL:)+%BY4QV10,^0GX3SM9@452N@:D !8,F)K!KP8"L(<9>'@-7*%T>A.Z
MP!!ZN!16\,(=@A&42*J" 1 4H%P[JH'QA$S3 ;F(( 4%_N4,(/,7?-\#M[B)>/ ,?HD&57 7,)DFIX_R@+X-"_,)
M.K$_=Y$S)9L+S#-:#Y$>Z5 '8SX5#IB-;IL+.1$O7C/MW+2'@7 6=S$\W?,+
MH:(3R3 .Q@(*X# ,+E%07$C\X -H* "-3CR _X@$?0EN?D$,>K,Z@$0V$H%
M E?J28TTO@ V\0(V[AQX5CYXC7&%YP:3TQM6UACT\$GFV:A&0<. "9@&8U!
MV13(U"9?Z'@]'-=EG*&4SL:- O0DC<=-X[9MJF%J'K9P$0&,\\#*C,>#'M'5
M^1AH4ZDW3T8Q)?J$8[*@XS["]%6C1J :SK8YVS0/#<(TFY*Q$NEKW!L _@!0
MG 4W+M$R5MM\C>IJUO!AQ#00+S:L&/'!39$E3Z9 A2^PSBEG,34II
M<(9J0Q>(GZ#J5H^!S"><(7)>7 =RLUCD .]Y]W>
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ML*#!#08W*5S(L*'#AQ C2IQ(L:+%BQ@5&MS(L6#&CPX[8$PTJU+?0X.F P=*2DA=\(1T P!EK,!D&+O04*1!(5"NWTL?VJ0Y2
M,B3WJ09D(1W2811JP,C&@1$R%!NVJY3P*'7B3%P29A[MK)4L0GN$QHJ0TK
'G",L*T)*-C9D:C4@Q/7&>L81 _@D-0OG2F-+7A#VF JIIVZH<4H::V-B'1"=2 "2U##%QH
MB9/[045;4,EI;%!%48T$)Y4]E4XY,9J1++UIAG=$Z4\[U2EJ_C*K?82IYJ2C
M51)>L@8G,J=5[]C$V#A$6Q>1I$QG^%6/
J)='U '&I"68($0GR4?
M+=(IOF ,X< *[*0?QD 6&:$0 * 45+>2F\"5K) 1>$E'0**20? 7E7&B_C\2
M#N 0#K(0&R!:EPC1(.DP0@FQ-TUD1/PDH
="=K\!J,8"%7 PZ8B@[)
MH!0=H 7F:@R8,*HQ_G0"I3"6WZH!<*"2]FI" #L*?Q4(!RNO@U,#4&$'J L,
M^L(($*&->Q.PLD,,S$%#'7N\R3L7LV"3UN= H+ )[> ,'SL*SC *VCBWP=BL
M)C2OC3(;<("ZZ* "?O 7\D?$Q'Q79A*DI
M7SZB&BT6D;NPFCR:PHT S#\@KY)RR_HE0=8UX"Z^C,84JJ.]
M;D/O@DP.E$*-?.X/S. 3 5@)H_):L #Y, .!@-2<,@8PLUB,,%1_F4
M['IM)J?R+&VR([FA_NP#,0NAY^C8H";YTV-04+0
L
MH/8\I@TMB:=#Y.FX.$&(4>M5>QP.