Crucible Acquisition Corporation

Crucible Acquisition Corporation

Dec 18, 2020 by Matt Cianci

LIQUIDATION – 11/29/22 – LINK

  • On November 28, 2022, the Company held a special meeting for shareholders to amend the date by which the Company must cease its operations except for the purpose of winding up if it fails to complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, and redeem all of the shares of Class A common stock of the Company, whether such shares were purchased in the IPO or in the secondary market following the IPO (including shares sold pursuant to the underwriters’ overallotment option, collectively, the “Public Shares”), from January 7, 2023, to November 30, 2022.
  • Accordingly, the Second Amendment Proposal was approved.
  • No other matters were considered or voted upon at the meeting.
  • In connection with the approval and implementation of the Amendments, the holders of 24,243,057 Public Shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.09 per share, for an aggregate redemption amount of $244,554,766.56.
  • Following such redemptions, 1,631,943 Public Shares remain outstanding, which, pursuant to the First Amendment, in connection with the winding up of the Company, will be redeemed for cash at a redemption price of approximately $10.03 per share, for an aggregate redemption amount of $16,362,422.20.

MANAGEMENT & BOARD


Executive Officers

James M. Lejeal, 55
Chief Executive Officer and Director

From 2018 to June 2020, Mr. Lejeal was the Area Vice President and General Manager for Splunk Inc.’s (Nasdaq: SPLK) Incident Management business unit formed as a result of Splunk Inc.’s 2018 acquisition of VictorOps, Inc. In 2018, Mr. Lejeal also served as VictorOps Inc.’s Chief Financial Officer and, from 2014 to 2018, was an angel investor and a director of VictorOps, Inc. From 2015 to 2018, Mr. Lejeal served as the Chief Financial Officer of Sphero, Inc., a Boulder based STEM robotics company. From 2013 to 2015, Mr. Lejeal served as the Chief Financial Officer of Rally Software Development Corp (formerly NYSE: RALY), where he was also an angel investor and a director, overseeing its initial public offering in 2013 and its acquisition by CA, Inc. (formerly Nasdaq: CA) in 2015. CA, Inc. was acquired by Broadcom Inc. in 2018. Mr. Lejeal also served as the Chief Executive Officer, the Chief Operating Officer and the Chief Financial Officer of various companies that he founded, including Raindance Communications (formerly Nasdaq: RNDC), which was a publicly traded company prior to its acquisition by West Corporation in 2006. Mr. Lejeal holds a Bachelor of Science degree in management from the U.S. Air Force Academy and a Master of Business Administration from Loyola Marymount University.


Jason M. Lynch, 48
Chief Administrative Officer

Mr. Lynch has been serving as General Counsel of Foundry Group since 2018. Since 2019, Mr. Lynch has been serving on the board of Modular Robotics, Inc. From 2015 to 2018, Mr. Lynch was a partner at the law firm of Davis, Graham & Stubbs LLP in Denver and was previously an associate at the law firm of Wachtell, Lipton, Rosen & Katz in New York. His legal practice focused on corporate, M&A and securities litigation. Mr. Lynch is admitted to practice law in New York and Colorado. Prior to attending law school, Mr. Lynch worked at Kekst and Company, a leading corporate communications and investor relations firm, where he advised companies on media and investor relations and on the communications aspects of a wide range of complex business situations and crises. Mr. Lynch holds a Bachelor of Arts in political science from Columbia University and a Juris Doctorate from Columbia Law School.


Board of Directors

Brad Feld, 55
Chairman of the Board of Directors

Mr. Feld is a founding partner at Foundry Group. Mr. Feld has been a board member of, advisor to and investor in well-known technology companies including Fitbit, Inc. (which since consummated an initial public offering), Zynga Inc. (Nasdaq: ZNGA) (which since consummated an initial public offering), SendGrid, Inc. (formerly NYSE: SEND) (which since consummated an initial public offering and then acquired by Twilio Inc. (NYSE: TWLO)), Rally Software Development Corp (formerly NYSE: RALY) (which since consummated an initial public offering and was then acquired by CA, Inc. (formerly Nasdaq: CA)) and Raindance Communications (formerly Nasdaq: RNDC) (which since consummated an initial public offering and was then acquired by West Corporation). Currently, Mr. Feld serves on the board of, among other companies, AvidXchange, Inc., Formlabs Inc. and A Place for Rover, Inc. Mr. Feld is a co-founder of Techstars. Mr. Feld is the co-author of numerous books on venture capital and entrepreneurship, including Venture Deals and Startup Communities. Mr. Feld holds a Bachelor of Science and a Master of Science in management science from the Massachusetts Institute of Technology.


Margaret E. Porfido, 63
Director

Since 2011, Ms. Porfido has been serving as a board member of Kaiser Foundation Hospitals and Kaiser Foundation Health Plan, Inc. (the national board of Kaiser Permanente), where she chairs the compensation committee and serves on the audit and compliance and the executive committees. Ms. Porfido also serves on the Executive Advisory Board of Kaiser Foundation Health Plan of the Mid-Atlantic States and the Kaiser Foundation Health Plan of Washington Regional Board. Since 2016, Ms. Porfido has been an advisor to Guild Education, Inc. and, from 2018 to December 2020, was an advisor to the private equity group at the Public Sector Pension Investment Board. Since March 2020, Ms. Porfido has also been serving on the board of the nonprofit Girl Rising where she chairs the finance committee and serves on the executive committee. In 2015, Ms. Porfido served on the board of Rally Software Development Corp (formerly NYSE: RALY), serving on the audit, compensation and nominating and corporate governance committees, until its acquisition by CA, Inc. (formerly Nasdaq: CA). Previously, Ms. Porfido served on the management team of Level 3 Communications, Inc. (formerly NYSE: LVLT) (now CenturyLink as part of Lumen Technologies, Inc. (NYSE: LUMN)). Before that, Ms. Porfido was Chief of Staff and General Counsel to Colorado Governor Roy Romer. Ms. Porfido was previously a practicing attorney at the law firms of Brownstein Hyatt Farber Schreck LLP in Denver, Colorado and Skadden, Arps, Slate, Meagher & Flom LLP in Washington, D.C. Ms. Porfido holds a Bachelor of Arts in political science from the University of Delaware and a Juris Doctorate from George Washington University Law School.


Sara Baack, 49
Director

Ms. Baack has been serving as the Chief Product Officer of Equinix, Inc. (Nasdaq: EQIX) (“Equinix”) since 2019 and is responsible for defining, developing and delivering Equinix’s portfolio of products and services. She joined Equinix in 2012 and served until 2019 as Chief Marketing Officer, responsible for the company’s overall global brand development, market strategy, product and service portfolio, industry analysis, communications, solutions marketing and integrated demand generation. Prior to Equinix, Ms. Baack joined the company from Level 3 Communications, Inc. (formerly NYSE: LVLT) where she served in a variety of senior management positions, most recently as Senior Vice President of Voice Services. Ms. Baack also previously worked at PaineWebber Incorporated as Vice President of Principal Transactions. Ms. Baack has been a member of the board of directors of Splunk Inc. (Nasdaq: SPLK) since 2017. Ms. Baack holds a Bachelor of Arts in history and management from Rice University and a Master of Business Administration from Harvard Business School.


Jewel M. Burks, 31
Director

Ms. Burks has been serving as the head of Google for Startups, U.S. at Alphabet, Inc., where she works to level the playing field for underrepresented startup founders and communities by connecting them with Google products, people and best practices. In 2019, Ms. Burks launched Collab Capital, LLC, an investment fund focused on investments in tech and tech-enabled companies founded by black entrepreneurs, and has been serving as its Managing Member since. Previously, from 2012 until 2016, Ms. Burks was the founder and Chief Executive Officer of Partpic Inc. In 2016, Ms. Burks sold Partpic Inc. to Amazon.com, Inc. (Nasdaq: AMZN) (“Amazon”) and became a product leader at Amazon’s Visual Search and Augmented Reality team, where she served until 2019 and led Partpic Inc.’s integration into Amazon. Before founding Partpic, Ms. Burks held management and sales roles at McMaster-Carr Supply Company and Google, Inc. Ms. Burks also serves on the boards of directors of the nonprofits re:Imagine/ATL, Community Foundation for Greater Atlanta and Endeavor Atlanta. Ms. Burks holds a Bachelor of Business Administration from Howard University.