Quinpario Acquisition Corp. 2 Realigns Ownership

ST. LOUIS, Jan. 28, 2015 (GLOBE NEWSWIRE) -- Quinpario Acquisition Corp. 2 (Nasdaq:QPACU) (the "Company" or "Issuer"), a blank-check company formed for the purpose of acquiring or merging with one or more businesses or entities, announced today that Jeffry N. Quinn, the managing member of Quinpario Partners 2, LLC, the Company's sponsor, filed a Form-4 with the U.S. Securities and Exchange Commission on January 27, 2015 reporting that Quinpario Partners 2, LLC forfeited 1,312,500 shares of the Company to the Issuer at no cost. The forfeiture resulted from the underwriters' election not to exercise the over-allotment option in connection with the Company's initial public offering, as described in the Issuer's Registration Statement on Form S-1. Due to an external error regarding the Issuer's ticker symbol, this forfeiture was erroneously reported by some external sources as being a forfeiture of shares of Jason Industries Inc. (Nasdaq:JASN).

Forward-looking Statements

This news release may include "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. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that Quinpario Acquisition Corp. 2 expects or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions and analyses made by Quinpario Acquisition Corp. 2 in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. However, whether actual results and developments will conform with Quinpario Acquisition Corp. 2's expectations and predictions is subject to a number of risks and uncertainties, including, but not limited to the following: changes in general economic, market or business conditions; the opportunities (or lack thereof) that may be presented to and pursued by Quinpario Acquisition Corp. 2; changes in laws or regulations; and other factors, many of which are beyond the control of Quinpario Acquisition Corp. 2. Information concerning these and other factors can be found in Quinpario Acquisition Corp. 2's filings with the Securities and Exchange Commission. Consequently, all of the forward-looking statements made in this news release are qualified by these cautionary statements and there can be no assurances that the actual results or developments anticipated by Quinpario Acquisition Corp. 2 will be realized, or even if realized, that they will have the expected consequences to or effects on Quinpario Acquisition Corp. 2, its business or operations. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

CONTACT: Melissa H. Zona Quinpario Acquisition Corp. 2 mhzona@quinpario.com 636-751-4057

Source: Quinpario