Schultze Special Purpose Acquisition Corp.

Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, “SAMA”) was founded and backed by Schultze Asset Management (“SAM”), a 20-year-old, award-winning investment manager with notable expertise in distress, event-driven and special situation investing. SAMA is a blank check company that raised $130 MM in December, 2018 to seek partnerships with owners and management to bring an attractive private company to the public markets. We aim to transact with a business that has successfully completed a financial restructuring, who can benefit from our financial and strategic resources and excel in a public market setting.

SAMA has assembled an outstanding team of investors and operators who have created meaningful value and liquidity events with companies that have completed a restructuring. At SAM, we’ve recently benefited from meaningful M&A liquidity events in Werner, Tropicana, Energy XXI and Hawaii Telcom. Further, our team at SAMA includes former senior members of management teams of Werner (Chairman & CEO), AboveNet (President & CEO), Bowne, (CFO), Loews Cineplex Entertainment (CFO) and Armor Holdings (M&A), each of which has gone through a restructuring which resulted in a significant turnaround and was followed by a successful sale.

We believe SAMA possesses the following favorable characteristics:

• Hybrid investment vehicle to provide owners significant cash liquidity at closing and/or meaningful continued ownership in a publicly-traded vehicle;
• Significant access to capital to de-lever, if needed;
• Prompt access to a public-market listing, a permanent capital base and additional capital to drive further growth;
• Access to significant financial and operating expertise and insights to accelerate organic and M&A-driven growth and enhance overall performance; and,
• Opportunity to partner with owners & management to maximize value over time.