Shareholders approve sale of Rotor Riot LLC and Fat Shark Holdings to Unusual Machines

Red Cat Holdings, Inc.

Proposal 1 (asset sale approval): 21,840,866 votes in favor, 1,674,705 against, 12,340,757 abstaining.
Proposal 2 (adjournment): 34,390,837 in favor, 1,697,677 against, 94,608 abstaining.
Total 36,183,123 shares voted (~65.63% of outstanding) including Series B Preferred Stock votes.
Sale to Unusual Machines includes Rotor Riot, LLC and Fat Shark Holdings; deal details per prior SEC filings.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Red Cat Holdings, Inc. shareholders approved Approval of the sale by the Company of Rotor Riot, LLC and Fat Shark Holdings to Unusual Machines at the 2023-03-08 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2023-03-08

Exact text from the filing

The first proposal considered by shareholders – approval of the sale by the Company of Rotor Riot, LLC and Fat Shark Holdings to Unusual Machines – was approved by a vote of 21,840,866 in favor, 1,674,705 against, 12,340,757 abstaining.

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160 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Red Cat Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001554795-23-000057

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