Item 5.07. Submission of Matters to a Vote of Security Holders.
(a) On December 16, 2020, Teligent, Inc. (the "Company") held its special
meeting of stockholders (the "Special Meeting"). At the Special Meeting, the
holders of 2,700,749 shares of the Company's common stock were present in person
or represented by proxy, which represents 50.09% of the total shares of
outstanding common stock entitled to vote as of the record date of September 4,
2020.
(b) At the Special Meeting, the stockholders of the Company approved, as
required by Nasdaq Marketplace Rule 5635(b) (the "Nasdaq Change of Control
Rule") and the Indenture dated as of July 20, 2020 governing the 9.5% Series C
Senior Secured Convertible Notes due 2023 (the "New 2023 Notes"), the issuance
to any holder or group of related holders of the New 2023 Notes of shares of the
Company's common stock under the New 2023 Notes exceeding the greater of (x)
19.99% of the number of shares of common stock outstanding, and (y) that
percentage of the number of shares of common stock outstanding as held by the
then largest holder of shares of common stock, all as contemplated by the
Indenture and more particularly described in the Company's Proxy Statement filed
with the Securities and Exchange Commission on September 9, 2020, based on the
following votes:
Votes For Votes Against Abstentions
2,545,627 91,534 63,588
© Edgar Online, source Glimpses
TELIGENT 