Tuscan Holdings Corp. II Stockholders Approve Extension of the Date to Consummate Business Combination, Among Other Actions

Rhea-AI Summary

Tuscan Holdings Corp. II (NASDAQ: THCAU) announced that its stockholders have approved the Extension Amendment Proposal, extending the deadline for a business combination from April 16, 2021, to September 30, 2021. The approval was supported by approximately 97.8% of stockholders who voted. Additionally, stockholders approved a proposal for the early winding up and redemption of all outstanding public shares, subject to the board's determination, and re-elected Sila Calderón and Michael Auerbach as directors.

Positive

• 97.8% shareholder approval for the Extension Amendment Proposal.
• Approval for potential early redemption of public shares.

Negative

• None.

New York, NY, April 16, 2021 (GLOBE NEWSWIRE) -- Tuscan Holdings Corp. II (NASDAQ: THCAU) (the “Company”) announced today that at the annual meeting of stockholders held on April 14, 2021, the Company’s stockholders approved a proposal to extend the date by which the Company has to consummate a business combination from April 16, 2021 to September 30, 2021 (the “Extension Amendment Proposal”). The Company’s stockholders also approved a proposal to approve the early winding up and redemption of 100% of the outstanding public shares if determined by the Company’s board of directors and re-elected Sila Calderón and Michael Auerbach as Class I directors to the Company’s board of directors.

Commenting on the results of the meeting, Stephen Vogel, the Company’s Chief Executive Officer, said, “we are pleased with the strong support our stockholders have provided, with approximately 97.8% of those voting casting their votes for approval of the Extension Amendment Proposal.”

Contact:

Stephen A. Vogel
Chief Executive Officer
Tuscan Holdings Corp. II
(646) 948-7100

FAQ

What did Tuscan Holdings Corp. II announce on April 16, 2021?

Tuscan Holdings Corp. II announced that stockholders approved the extension of the business combination deadline to September 30, 2021.

What is the stock symbol for Tuscan Holdings Corp. II?

The stock symbol for Tuscan Holdings Corp. II is THCAU.

What percentage of shareholders approved the Extension Amendment Proposal?

Approximately 97.8% of shareholders approved the Extension Amendment Proposal.

What proposals were approved by the stockholders at the annual meeting?

The proposals included extending the business combination deadline and approving the early winding up and redemption of public shares.

When was the annual meeting of stockholders for Tuscan Holdings Corp. II held?

The annual meeting of stockholders was held on April 14, 2021.