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Shareholders of JVSPAC Acquisition Corp. (NASDAQ:JVSA) approved several key proposals related to the company’s planned business combination at an extraordinary general meeting held Tuesday.
According to a press release statement filed with the Securities and Exchange Commission, holders of 6,688,579 ordinary shares were present in person or by proxy at the meeting, representing approximately 87% of the company’s outstanding shares as of the May 23 record date, establishing a quorum.
Shareholders voted in favor of the SPAC Merger Proposal, five Advisory Governance Proposals (A through E), and the Nasdaq Proposal. The voting results for the SPAC Merger Proposal were 5,135,530 shares for and 1,553,049 against, with no abstentions or broker non-votes.
Each of the Advisory Governance Proposals also received majority support. For Advisory Governance Proposal A, there were 5,135,529 votes for, 1,553,049 against, and 1 abstention. Advisory Governance Proposals B through E received similar levels of support, with “for” votes ranging from 5,135,529 to 5,135,530 and “against” votes from 1,553,049 to 1,553,050.
The Nasdaq Proposal, which pertains to the listing of securities in connection with the business combination, was approved with 5,135,530 votes for and 1,553,049 against.
An aggregate of 5,671,352 ordinary shares were tendered for redemption. The company stated it will continue to accept reversal of redemption requests until the closing of the business combination transaction.
JVSPAC Acquisition Corp. is incorporated in the British Virgin Islands and its securities are listed on the Nasdaq Stock Market under the symbols JVSA (Class A ordinary shares), JVSAU (units), and JVSAR (rights).
This information is based on a press release statement contained in a recent SEC filing.
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