MultiMetaVerse Inc. and Model Performance Acquisition Corp. Complete Business Combination

– MMV common stock and stock acquisition rights trading on the NASDAQ under the ticker symbols “MMV” and “MMVWW” respectively

New York, January 4, 2023 /PRNewswire/ — MultiMetaVerse Inc. is an animation and entertainment company dedicated to establishing an open community and delivering high-quality, immersive entertainment experiences for users around the world, and Model Performance Acquisition Corp. (Nasdaq: MPAC; “MPAC”), a special purpose acquisition company, announced the completion of a business combination (the “Business Combination”). The resulting public company resulting from the business combination will be MultiMetaVerse Holdings Limited (“MMV”).upon January 5, 2023MMV shares will begin trading on the Nasdaq Global Market under the ticker symbol “MMV” and MMV Warrants will begin trading on the Nasdaq Capital Market under the ticker symbol “MMVWW”.

Xu YilanMMV Chairman and Chief Executive Officer, said:[a]Today we have reached a major milestone and will continue to develop new stories, animations, video games and more to meet the needs of our users and expand our business into new markets.By listing on the Nasdaq , bringing us closer to realizing our ambition of becoming a dynamic international digital entertainment provider in a new era. ”

Claudius TsangMPAC Chief Executive Officer commented:[t]The Model Performance Team is honored to be part of this milestone for MultiMetaVerse. We are excited about what lies ahead for the company. ”


Paul Hastings LLP acted as legal counsel to MMV. Loeb & Loeb LLP acted as legal advisor to MPAC.

About MMV

MMV establishes a community open to users worldwide, consisting of animation viewers, game players, content creators, original content, user-generated content, and professional user-generated content. In 2015, MMV started animation production under its signature brand, Aotu World. With its compelling storyline and unique graphic style, this animated series is particularly popular among younger audiences. ChinaLeveraging its established user base as a foundation for further development and genre diversification, MMV has produced additional animated content based on the Aotu World brand, adding new brands, stories and characters to its portfolio. . MMV has also expanded its content offerings in the form of comics, short videos, collectibles, stationery, consumer goods, mobile games and other genres.

About MPAC

An MPAC is a blank check firm formed for the purpose of a merger, stock exchange, asset acquisition, stock purchase, capital increase, reorganization, or similar business combination with one or more companies or entities.

Forward-Looking Statements

This notice contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or future financial or operating results of MMV. Sometimes “could”, “will”, “should”, “expect”, “plan”, “expect”, “go”, “could”, etc. identifies forward-looking statements. “intend,” “target,” “plan,” “think,” “believe,” “estimate,” “predict,” “could,” “continue,” or any of these words or other similar terms or expressions relating to MMV expectations, strategies, priorities, plans or intentions. Forward-looking statements by their nature are subject to inherent risks and uncertainties, both general and specific, and the risk that projections, forecasts, projections and other forward-looking statements may not be achieved. I have. Actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in the forward-looking statements, including the risks described under “Risk Factors” in the registration instructions for the Forms. You should understand that it is possible. F-4 and other SEC filings. MMV cautions readers not to place undue reliance on forward-looking statements, which speak only as of the date they are made. MMV undertakes no obligation or commitment to publicly release updates or revisions to forward-looking statements to reflect changes in its expectations or to changes in events, conditions or circumstances on which such statements are based. , will not accept.


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SOURCE Model Performance Acquisition Corp.

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