Marquee Raine Acquisition Corp. and Enjoy Technology Announce Effectiveness of Registration Statement and Set Special Shareholder Meeting Date to Vote on Proposed Business Combination

Marquee Raine Acquisition Corp. and Enjoy Technology Announce Effectiveness of Registration Statement and Set Special Shareholder Meeting Date to Vote on Proposed Business Combination

Marquee Raine Acquisition Corp. (NASDAQ: MRAC) (“Marquee Raine”) and Enjoy Technology Inc., (“Enjoy”) announced today the effectiveness of the Registration Statement on Form S-4 filed with the Securities and Exchange Commission (the “SEC”) in connection with the previously announced business combination between Marquee Raine and Enjoy.

Marquee Raine also announced that the special meeting of its shareholders (the “Special Meeting”) to approve the proposed business combination will be held October 13, 2021 at 10:00 a.m. U.S. Eastern Time, unless postponed or adjourned to a later date or time. Marquee Raine will distribute the definitive proxy statement and proxy card to its stockholders of record as of September 3, 2021, the record date for the Special Meeting.

“We appreciate the ongoing support of Marquee Raine and all our investors and look forward to closing the business combination early in the fourth quarter,” said Ron Johnson, CEO and Founder of Enjoy. “We believe Enjoy has a groundbreaking opportunity to reinvent ‘Commerce at Home’ and pioneer the next disruptive channel in retail.

We are excited to launch our Smart Last MileTM solution in North America in the fourth quarter to bring greater speed, convenience and personalized experiences for customers in reimagining the last mile for our partners. As a public company, we intend to scale our business and add new services, expand into new geographies and bring Enjoy’s trusted, in-home retail experience to even more customers around the world.”

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The declaration of an effective Form S-4 and setting of the Special Meeting date follows Enjoy’s announcement of its business momentum and expansion, continued expectation to achieve its 2021 revenue forecast and a commitment from current and key investors to increase certainty of closing the business combination.

“We are pleased to have reached another exciting milestone toward completing the transaction with Enjoy and supporting their exciting next chapter of growth,” said Brett Varsov, Co-CEO of Marquee Raine, Partner at The Raine Group and a nominee for the post-closing Enjoy board of directors. “We look forward to completing this combination as Enjoy continues to create significant value for all its stakeholders.”

“Enjoy is a terrific company with compelling opportunities for growth and market expansion,” said Tom Ricketts, Co-Chairman of Marquee Raine, Executive Chairman of the Chicago Cubs and a nominee for the post-closing Enjoy board of directors. “As Enjoy transitions to the public markets, we are thrilled to partner with Ron and the entire Enjoy team to drive sustainable, long-term growth for this exciting business.”

If approved by Marquee Raine’s shareholders at the Special Meeting, the business combination is expected to be completed early in the fourth quarter of 2021 promptly after satisfaction of the remaining closing conditions. Upon completion of the business combination between Marquee Raine and Enjoy, the post-closing company will be renamed Enjoy Technology, Inc., and its common stock and warrants listed on the Nasdaq stock exchange under the renamed tickers “ENJY” and “ENJYW,” respectively.

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