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CB Richard Ellis acquired the holding company (NYSE stock code:CBAH) (“CBAH”), a publicly traded special purpose acquisition company, today announced that its shareholders have voted to approve the previously announced business merger with Altus Power, Inc. (“Altus Power”), as well as the proposed CBAH special meeting All other proposals for the shareholders meeting (“Special Meeting”) to be held on December 6, 2021.
This press release features multimedia. View the full version here: https://www.businesswire.com/news/home/20211206005820/en/
At the special meeting, about 90.3% of the business merger proposals approved the approval of the merger proposal, of which 60.4% of the CBAH common stock is not directly or indirectly owned by CBRE Group, Inc. , Any of its affiliates or any executive officer of CBAH. CBAH plans to submit the results of the special meeting to the US Securities and Exchange Commission on a form 8-K today.
The business combination is expected to be completed on December 9, 2021. After completion, the combined Altus Power’s Class A stocks and warrants are expected to begin trading on the New York Stock Exchange under the codes “AMPS” and “AMPS WS”, respectively, on December 10, 2021. In addition, at the end of the business combination, each CBAH unit will be split into its constituent parts, namely one CBAH Class A share and one quarter of the warrants. Holders of CBAH Class A stocks and warrants will receive securities equivalent to AMPS and AMPS WS (if applicable) in the combined Altus Power.
As mentioned earlier, the deadline for shareholders to withdraw redemption requests has been extended to 4:00 p.m. (New York City time) on December 8, 2021. Any shareholder who wishes to withdraw the redemption request can contact the transfer agent of CBAH to request the withdrawal of the email address listed below; the company will consider meeting such requirements according to the specific circumstances:
Mainland stock transfer and trust company
About the acquisition of a holding company by CB Richard Ellis
CBRE Acquisition Holdings, Inc. (“CBAH”) is a blank cheque company established for the sole purpose of mergers, equity transactions, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more companies. CBAH was acquired by CB Richard Ellis…
The full story can be found on Benzinga.com
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