other material
confidence high
sentiment neutral
materiality 0.50
Atlantic Coastal Acquisition Corp. II shareholders approve extension to Nov 19, 2024; 126,122 shares redeemed at ~$11.27
Abpro Holdings, Inc.
- Charter amendment extends business combination deadline from Sep 19 to Oct 19, 2024, with optional further monthly extension to Nov 19, 2024.
- Sponsor must deposit $0.03 per non-redeemed public share into trust for each monthly extension.
- Proposal approved with 517,796 votes for, 20,710 against, 0 abstain; no broker non-votes.
- Holders of 126,122 public shares redeemed at approx. $11.27 per share in connection with the vote.
- Company had 538,506 shares represented at the special meeting, constituting a quorum.