No it doesn't. But all these thin cases are the same in that they will all lose their shape in a month or so. When that happens, I'd rather the bottom be open rather than having it closed like the Shumuri, which can trap dirt and then rub up against your phone.
Also, make sure you ask about replacement policies. For my iPhone 5 Caudabe Veil, Caudabe replaced it no questions asked when it started to deform and they were really awesome/fast about getting the replacement to me. I remember horror stories about Spigen and Desmay from people on here about bad service. So just know what you're getting into.
To the other poster who wanted photos of my Veil, I'll try to post them later.