Easterly Acquisition Corp. and JH Capital Group Holdings, LLC Agree Mutually to Terminate the Investment Agreement and Abandon the Proposed Business Combination

NEW YORK--(BUSINESS WIRE)--Easterly Acquisition Corp. (“Easterly”) (NASDAQ: EACQ) and JH Capital Group Holdings, LLC (“JH Capital”) announced that they have agreed to terminate by mutual agreement the Investment Agreement (the “Investment Agreement”), dated as of June 28, 2017 and as amended, by and among JH Capital, Jacobsen Credit Holdings, LLC, NJK Holding LLC, Kravetz Capital Funding LLC, and Easterly. On May 31, 2018, JH Capital, Easterly and the other parties to the Investment Agreement entered into an Investment Agreement Termination Agreement (the “Termination Agreement”) pursuant to which they agreed to terminate the Investment Agreement pursuant to Section 7.1(a) of the Investment Agreement. The termination of the Investment Agreement is effective immediately.