Freedom Acquisition I Corp. shareholders approve merger with Complete Solaria; 97% of Class A shares redeemed
SunPower Inc.
Shareholders approved all proposals including business combination with Complete Solaria; 76.9% of total ordinary shares voted in favor.
Holders of 10,908,004 Class A shares (97% of outstanding) elected to redeem for ~$10.45/share, totaling ~$114M.
Post-closing company to be named Complete Solaria, Inc.; board will include Tidjane Thiam, Adam Gishen, William J. Anderson, Thurman J. Rodgers, Ronald Pasek, Antonio R. Alvarez, Devin Whatley.
Extracted from this filing and checked against the source text.
Shareholder VotesSEC 8-K Item 5.07confidence 0.9
SunPower Inc. shareholders approved Approval of Business Combination Agreement and transactions at the 2023-07-11 meeting.
Proposal
merger approval
Outcome
passed
Meeting
2023-07-11
Exact text from the filing
FOR AGAINST ABSTAIN BROKER NON-VOTE 15,292,582 323,423 131 N/A 2. Resolved, as a special resolution, that Freedom be transferred by way of continuation to Delaware pursuant to Part XII of the Companies Act (As Revised) of the Cayman Islands and Section 388 of the General Corporation Law of the State of Delaware (the “DGCL”) and, immediately upon being de-registered in the Cayman Islands, Freedom be continued and domesticated as a corporation under the laws of the State of Delaware and, conditional upon, and with effect from, the registration of Freedom as a corporation in the State of Delaware, the name of Freedom be changed from “Freedom Acquisition I Corp.” to “Complete Solaria, Inc.”.
SunPower Inc. shareholders approved Approval of domestication to Delaware and name change at the 2023-07-11 meeting.
Proposal
charter amendment
Outcome
passed
Meeting
2023-07-11
Exact text from the filing
2. Resolved, as a special resolution, that Freedom be transferred by way of continuation to Delaware pursuant to Part XII of the Companies Act (As Revised) of the Cayman Islands and Section 388 of the General Corporation Law of the State of Delaware (the “DGCL”) and, immediately upon being de-registered in the Cayman Islands, Freedom be continued and domesticated as a corporation under the laws of the State of Delaware and, conditional upon, and with effect from, the registration of Freedom as a corporation in the State of Delaware, the name of Freedom be changed from “Freedom Acquisition I Corp.” to “Complete Solaria, Inc.”. FOR AGAINST ABSTAIN BROKER NON-VOTE 15,292,713 323,423 0 N/A
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