Movella Holdings Inc. Announces Cancellation of Shareholder Meeting

Rhea-AI Summary

Movella Holdings (NASDAQ:MVLA) has announced the cancellation of its shareholder meeting originally scheduled for February 17, 2023, following the completion of its business combination on February 10, 2023. This decision means that the proposals in the Definitive Proxy Statement filed on January 11, 2023, will no longer be considered by shareholders. The company emphasized that the shareholder meeting is now unnecessary due to this development, marking a significant step post-combination.

Positive

• Completion of business combination on February 10, 2023.

Negative

• None.

HENDERSON, Nev., Feb. 13, 2023 (GLOBE NEWSWIRE) -- Movella Holdings Inc. (NASDAQ:MVLA) (formerly known as Pathfinder Acquisition Corporation) (the “Company”), a global leader in the digitization of movement, today announced, due to the completion of the previously announced business combination on February 10, 2023, its decision to cancel the shareholder meeting that was scheduled for Friday, February 17, 2023, at 10:00 a.m., Eastern Time, and to withdraw from consideration by the Company’s shareholders the proposals set forth in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on January 11, 2023. This shareholder meeting is no longer necessary.

Contacts:

Investor Relations

Deborah Stapleton, VP IR
deb.stapleton@movella.com
(650) 815-1239

FAQ

What is the significance of the completion of Movella's business combination on February 10, 2023?

The completion of Movella's business combination signifies a crucial transition for the company, enabling it to operate under its new corporate structure.

Why was the shareholder meeting scheduled for February 17, 2023, canceled?

The shareholder meeting was canceled because it became unnecessary following the completion of the business combination.

What proposals were withdrawn by Movella from consideration on February 13, 2023?

Movella withdrew the proposals set forth in its Definitive Proxy Statement filed on January 11, 2023, from consideration by shareholders.

What is the stock symbol for Movella?

Movella's stock symbols are MVLA and MVLAW.