Item 5.07. Submission of Matters to a Vote of Security Holders.
On October 20, 2021, Alkuri Global Acquisition Corp. (the "Company") held its
special meeting (the "Special Meeting") of stockholders. At the Special Meeting,
the Company's stockholders approved (1) the proposal to approve the business
combination (the "Business Combination"), including the Merger Agreement, dated
as of June 3, 2021, by and among Babylon Holdings Ltd. ("Babylon"), the Company,
Liberty USA Merger Sub, Inc. ("Merger Sub"), Dr. Ali Parsadoust (the "Founder"),
and Alkuri Sponsors LLC ("Sponsor"), and the related agreements and transactions
contemplated thereby (the "Business Combination Proposal"), (2) the Babylon
Holdings Ltd. 2021 Equity Incentive Plan (the "2021 Plan" and such proposal, the
"Equity Plan Proposal"), and (3) the adjournment of the Special Meeting to a
later date or dates, if necessary, if the parties are not able to consummate the
Business Combination (the "Adjournment Proposal"). The affirmative vote of at
least a majority of the outstanding shares of Alkuri's Class A common stock, par
value $0.0001 per share ("Alkuri Class A Common Stock"), and Class B common
stock ("Alkuri Class B Common Stock," and together with the Alkuri Class A
Common Stock, the "Alkuri Common Stock") present and entitled to vote at the
Special Meeting was required to approve the Business Combination Proposal.
Set forth below are the final voting results for the Business Combination
Proposal, the Equity Plan Proposal, and the Adjournment Proposal.
Business Combination Proposal
The Business Combination Proposal was approved, approving the Business
Combination, including the Merger Agreement, dated as of June 3, 2021, by and
among Babylon, the Company, Merger Sub, the Founder, and Sponsor, and the
related agreements and transactions contemplated thereby. The voting results of
the Alkuri Common Stock were as follows:
For Against Withheld
30,577,965 1,242,574 227,387
Equity Plan Proposal
The Equity Plan Proposal was approved, approving the 2021 Plan. The voting
results of the Alkuri Common Stock were as follows:
For Against Withheld
28,933,406 2,884,339 230,181
Adjournment Proposal
The Adjournment Proposal was approved, approving the adjournment of the Special
Meeting to a later date or dates, if necessary, if the parties were not able to
consummate the Business Combination. The voting results of the Alkuri Common
Stock were as follows:
For Against Withheld
29,862,570 1,956,634 228,722
Based on the results of the Special Meeting, and subject to the satisfaction or
waiver of certain other closing conditions, the Business Combination is expected
to be consummated on or around October 21, 2021. Following the consummation of
the Business Combination, the ordinary shares and warrants of Babylon Holdings
Ltd. are expected to begin trading on the New York Stock Exchange under the
symbols "BBLN" and "BBLN.W," respectively, on or about October 22, 2021.
Item 8.01. Other Events.
On October 20, 2021, the Company issued a press release (the "Press Release")
announcing the results of Special Meeting.
A copy of the Press Release is attached as Exhibit 99.1 and is incorporated by
reference into this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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