Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Opes Acquisition Corp.    OPESU

OPES ACQUISITION CORP.

(OPESU)
SummaryQuotesChartsNews 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

OPES ACQUISITION CORP. : Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/17/2019 | 04:01pm EDT

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

           Off-Balance Sheet Arrangement of a Registrant



The information included in Item 5.07 is incorporated by reference in this item to the extent required herein.

Item 5.03. Amendments to Articles of Incorporation or Bylaws

The information included in Item 5.07 is incorporated by reference in this item to the extent required herein.

Item 5.07. Submission of Matters to a Vote of Security Holders.

On September 16, 2019, Opes Acquisition Corp. (the "Company") held a special meeting of its stockholders (the "Meeting"). At the Meeting, the Company's stockholders considered the following proposals:

1. A proposal to adopt and approve an amendment to the Company's amended and restated certificate of incorporation (the "charter") to extend the date that the Company has to consummate a business combination (the "Extension") to November 15, 2019 (the "Extended Date"). The following is a tabulation of the votes with respect to this proposal, which was approved by the Company's stockholders:

    For         Against       Abstain      Broker Non-Votes
  9,460,941       88,000           5                   0



In connection with this vote, the holders of 2,282,753 shares of the Company's common stock properly exercised their right to convert their shares into cash at a conversion price of approximately $10.33 per share, for an aggregate conversion amount of approximately $23.6 million.

Following the Meeting, the Company filed the amendment to the charter with the Secretary of State of the State of Delaware. A copy of the amendment is attached hereto as Exhibit 3.1.

Upon filing of the amendment to the charter, the Company deposited into its trust account established in connection with the Company's initial public offering $0.0333 for each public share that was not converted in connection with the Extension, or an aggregate of approximately $306,935, for the first 30-day extension period. The Company now has until October 15, 2019 to consummate an initial business combination, or determine to deposit additional funds into the trust account for one additional 30-day extension period. The amount desposited into the trust account was loaned to the Company by the Company's management and its designees. The loans will not bear any interest and will be repayable by the Company upon consummation of an initial business combination. The loans will be forgiven if the Company is unable to consummate an initial business combination except to the extent of any funds held outside of the trust account.

2. A proposal to adopt and approve the early winding up of the Company and redemption of 100% of the outstanding public shares if the Company's board of directors determines at any time prior to the Extended Date that the Company will be unable to consummate an initial business combination by the Extended Date. The following is a tabulation of the votes with respect to this proposal, which was approved by the Company's stockholders:

For Against Abstain Broker Non-Votes

  9,513,846       35,100           0                   0


Item 9.01. Financial Statement and Exhibits.





(d)    Exhibits:



Exhibit   Description

3.1         Amendment to Amended and Restated Certificate of Incorporation




                                       1

© Edgar Online, source Glimpses

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on OPES ACQUISITION CORP.
09/17OPES ACQUISITION CORP. : Creation of a Direct Financial Obligation or an Obligat..
AQ
09/13OPES ACQUISITION CORP. : Other Events (form 8-K)
AQ
08/14OPES ACQUISITION : Management's Discussion and Analysis (form 10-Q)
AQ
05/15OPES ACQUISITION : Management's Discussion and Analysis (form 10-Q)
AQ
04/01OPES ACQUISITION : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION A..
AQ
2018OPES ACQUISITION : Management's Discussion and Analysis (form 10-Q)
AQ
2018OPES ACQUISITION CORP. : Securities to Commence Separate Trading
BU
2018OPES ACQUISITION CORP. : Announces Closing of Full Over-Allotment Option with Re..
BU
2018OPES ACQUISITION CORP. : Announces Closing of $100 Million Initial Public Offeri..
BU
2018OPES ACQUISITION CORP. : Announces Pricing of Initial Public Offering
BU
More news
Chart OPES ACQUISITION CORP.
Duration : Period :
Opes Acquisition Corp. Technical Analysis Chart | MarketScreener
Full-screen chart