7/102 sources · 2 publishersUpdated Oct 19, 10:19 UTC
Perfect Corp. shareholders approve merger to take company private
Perfect Corp. shareholders approved a merger with ProjectNY, a Cayman Islands company controlled by Alice H. Chang, at an extraordinary meeting on Monday. Approximately 99.99% of votes cast supported the transaction, with about 87.4% of voting power represented. Closing remains subject to conditions in the merger agreement, after which Perfect is expected to become private.
Why it matters
The transaction would remove Perfect Corp. from public markets if the remaining closing conditions are met. Its listed equity and warrants are expected to leave exchange listings and lose their registrations after completion.
Key facts
- 1ProjectNY, controlled by Alice H. Chang, is the counterparty merging with Perfect Corp. investing.com
- 2Approximately 99.99% of votes cast favored the merger. investing.com
- 3The meeting represented approximately 87.4% of all voting power. investing.com
- 4Completion depends on the satisfaction or waiver of conditions in the merger agreement. investing.com
- 5Perfect Corp.'s listed equity and warrants are expected to be removed from public listings and registrations after closing. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.