On March 3, 2023, Pushpay Holdings Limited announced that a scheme meeting held on March 3, 2023, regarding the scheme of arrangement, under which Pegasus Bidco Limited was offering to acquire all the shares in the Company for NZ$1.34 in cash per share, was not approved by shareholders, as the scheme has not been approved by the required majority of votes cast in the Second Interest Class, the Company and the Pegasus Bidco Limited have until 5:00 pm (NZT) on March 7, 2023, to agree to hold another shareholder meeting, and If this does not occur, either party can terminate the scheme implementation agreement, in which case the scheme will not proceed and the Company will remain listed on the NZX and ASX.in addition, the Company stated that it expects to provide an update to the market by 10:00 am (NZT) on March 8, 2023.