AvidXchange shareholders approve merger with TPG affiliate and Corpay in special meeting

AvidXchange Holdings, Inc.

Stockholders voted 160,933,222 in favor (77.93% quorum) to adopt the Merger Agreement with TPG Global and Corpay.
Non-binding advisory vote on executive compensation related to the merger also approved: 157,281,016 for.
Merger sub will merge into AvidXchange, which will survive as a wholly owned subsidiary of Parent, an affiliate of TPG Global.
Merger Agreement was signed May 6, 2025; the deal is expected to close subject to remaining conditions and regulatory approvals.

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