NEWS

CarLotz Appoints Tom Stoltz as Chief Financial Officer

Senior Finance Professional Tapped to Join Growing Executive Team

November 17, 2020 – Richmond, VA – CarLotz, Inc., (“CarLotz” or the “Company”), a leading consignment-to-retail used vehicle marketplace, which recently announced it would become a public company via a merger that is subject to certain closing conditions with special purpose acquisition company Acamar Partners Acquisition Corp. (“Acamar”) (Nasdaq: ACAM), announced today that Tom Stoltz has been appointed Chief Financial Officer, effective November 30, 2020. Stoltz will report to CarLotz CEO and co-founder Michael Bor.

Stoltz, a veteran senior finance professional with close to three decades of public and private company experience, brings extensive retail industry expertise to the role and most recently served as the Chief Financial Officer of Chicago-based Portillos Hot Dogs. Previously, Stoltz held roles with Fortune 500 companies Dollar General and Food Lion, as well as senior roles at a number of retail industry public and private companies.

CarLotz Names Becca Polak as Chief Commercial Officer and General Counsel

Transformative Industry Veteran Tapped to Lead CarLotz’s Retail Remarketing™ Efforts to Fuel Next Stage of Growth

November 10, 2020 – Richmond, VA – CarLotz, Inc., (“CarLotz” or the “Company”), a leading consignment-to-retail used vehicle marketplace, which recently announced it would become a public company via a merger that is subject to certain closing conditions with special purpose acquisition company Acamar Partners Acquisition Corp. (“Acamar” – Ticker: ACAM), has named industry veteran, Becca Polak as the company’s first Chief Commercial Officer and General Counsel, effective October 30, 2020. Polak reports to Michael Bor, co-founder and CEO of CarLotz.

Polak brings decades of business development, executive leadership, and legal experience from industry leaders such as KAR Global, parent company of ADESA and TradeRev.  She joins the existing CarLotz senior management team and will drive commercialization initiatives at CarLotz, including the national buildout of the CarLotz hub network, corporate vehicle sourcing partner development and new client acquisition.

CarLotz, Inc to Participate Virtually At Upcoming Investor Conferences

October 30, 2020 – Miami, FL and Richmond, VA – Acamar Partners Acquisition Corp. (Nasdaq: ACAM) (“Acamar Partners”), and CarLotz, Inc. (“CarLotz” or the “Company”), one of the largest privately-held used vehicle retail disruptors with the industry’s only consignment-to-retail sales platform, today announced that Michael Bor, Co-Founder and Chief Executive Officer of CarLotz, will present virtually at the following upcoming investor conferences:

 

Gabelli Automotive Symposium

November 2, 2020

Presentation at 2:00 PM ET

(Webcast available for registered conference participants only)

 

dbAccess AutoTech Conference

November 10, 2020

Presentation at 3:00 PM ET

Register: http://emea.directeventreg.com/registration/5298546

 

Barclays Global Automotive Conference

November 19, 2020

Presentation at 8:00 AM ET 2020

Register: https://kvgo.com/barclays/carlotz-november-2020

 

Wells Fargo TMT Summit

December 2, 2020

Presentation at 2:00 PM ET

Register: https://attendesource.com/profile/web/index.cfm?PKwebID=0x78072feb0&varPage=info

 

All interested parties may access a live webcast of the dbAccess AutoTech Conference, the Barclays Global Automotive Conference, and the 2020 Wells Fargo TMT Summit events at www.acamarpartners.com and www.carlotz.com, under "Investors," or by using the following link: https://www.carlotz.com/about-us/investors/. For those unable to participate during the live webcast, a replay will be available at www.acamarpartners.com and www.carlotz.com.

CarLotz, Inc., one of the Largest Privately-Held Used Vehicle Retail Disruptors with the

Industry’s Only Consignment-to-Retail Sales Platform, to Become a Public Company

Acamar Partners Acquisition Corp. (Nasdaq: ACAM) and CarLotz, Inc.

Enter into a Definitive Business Combination Agreement

 

Fidelity Management & Research Company LLC and other investors along with strategic partners including KAR Global (parent of ADESA and TradeRev), McLarty Diversified Holdings (founded by Franklin McLarty, former CEO of one of the largest U.S. automotive dealership groups), Rick Wagoner (former CEO of General Motors) and TRP Capital Partners (existing investor and leading private equity fund in the transportation sector) commit to fund a $125 million common stock PIPE. Acamar Partners and CarLotz Co-Founder and Chief Executive Officer Michael Bor are also participating in the PIPE

 

High Growth, Run-Rate Profitable and Cash-Flow Breakeven

Investor Conference Call Scheduled for 9:00 a.m. ET on Thursday, October 22

October 22, 2020 – Miami, FL and Richmond, VA – Acamar Partners Acquisition Corp. (Nasdaq: ACAM) (“Acamar Partners”), a publicly-traded special purpose acquisition company, and CarLotz, Inc. (“CarLotz” or the “Company”), one of the largest privately-held used vehicle retail disruptors with the industry’s only consignment-to-retail sales platform, announced today they executed a definitive business combination agreement that would make CarLotz a public company. At closing, anticipated in the fourth quarter of 2020, the combined company will be named CarLotz, Inc. and is expected to remain listed on Nasdaq and trade under the new ticker symbol LOTZ.

Effective as of July 13, 2020, Kenneth Suslow elected to resign from his position as a director of Acamar Partners Acquisition Corp. (the “Company”). There were no disagreements between the Company and Mr. Suslow on any matters relating to the Company’s operations, policies or practices. The Company’s Board of Directors wants to thank Mr. Suslow for his time and dedication to the Company since his appointment.

 

To fill the vacancy on the Board of Directors after Mr. Suslow resigned, Teck Wong was appointed as a director of the Company. In addition, James Skinner, a current director of the Company has been appointed as the Chair of the Company’s Audit Committee. Mr. Wong was recently a Managing Director of the Blackstone Alternative Asset Management (“BAAM”) Hedge Fund Solutions Group and a member of the BAAM Special Situations Investing Group until December 2019.

On February 20, 2020, the board of directors (the “Board”) of Acamar Partners Acquisition Corp., a Delaware corporation (the “Company”), appointed James E. Skinner as a Class I director of the Company. Mr. Skinner was appointed as a member of the Company’s Audit Committee
and Compensation Committee. Mr. Solorzano no longer serves as a member of the Company’s Audit Committee. The Board has determined that Mr. Skinner qualifies as an independent director under rules of the Nasdaq Stock Market.

NEW YORK, NY / GLOBE NEWSWIRE / April 12, 2019 / Acamar Partners Acquisition Corp. (the “Company”) announced today that, commencing April 15, 2019, holders of the 30,557,332 units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock and warrants included in the units. Class A common stock and warrants that are separated will trade on The Nasdaq Capital Market under the symbols “ACAM” and “ACAMW,” respectively.

On April 9, 2019, the board of directors (the “Board”) of Acamar Partners Acquisition Corp., a Delaware corporation (the “Company”), elected Kenneth Suslow as a Class I director of the Company. Mr. Suslow was appointed as Chairman of the Company’s Audit Committee and Compensation Committee, replacing Mr. Torres as a member of the Audit Committee and Mr. Solorzano as a member of the Compensation Committee. The Board has determined that Mr. Suslow qualifies as an independent director under rules of the Nasdaq Stock Market.

NEW YORK, NY / GLOBE NEWSWIRE / April 9, 2019 / Acamar Partners Acquisition Corp. (the “Company”) announced today that it closed the issuance of an additional 557,322 units pursuant to the exercise of the underwriters’ option to purchase additional units in connection with its initial public offering at $10.00 per unit, resulting in gross proceeds of $5,573,220 and bringing the total gross proceeds of the initial public offering to $305,573,220.

NEW YORK, NY / ACCESSWIRE / February 21, 2019 / Acamar Partners Acquisition Corp. (the ''Company'') announced today that it priced its initial public offering of 30,000,000 units at $10.00 per unit. The units will be listed on The Nasdaq Capital Market (''Nasdaq'') and trade under the ticker symbol ''ACAMU'' beginning February 22, 2019.

© 2019 by Acamar Partners Acquisition Corp.