M&A
confidence high
sentiment neutral
materiality 0.75
Sonim stockholders approve sale of Legacy Business to Pace Car Acquisition LLC
DNA X, Inc.
- Stockholders approved Asset Purchase Agreement to sell Legacy Business (enterprise 5G solutions, rugged handsets, smartphones) to Pace Car Acquisition LLC.
- Vote: 761,808 for, 124,170 against, 431 abstained; quorum of 59.6% of outstanding shares represented.
- Advisory compensation for named executive officers approved: 646,227 for, 237,271 against, 2,911 abstained.
- Adjournment proposal became moot and was not presented at the special meeting.