Opes Acquisition Corp. (NASDAQ:OPS) announced that its shareholders approved its combination with fast-casual chain BurgerFi International at a special meeting December 15.
The press release noted that 99.7% of participating shares voted in favor of the transaction, but did not include redemption figures.
The market has been chowing down on BurgerFi, which has better-for-you and meat-alternative burgers, and Opes opened at $15.66 ahead of the vote. About 62% of Opes’ shares redeemed during earlier extension votes and may now regret not hanging around for the food to arrive.
Opes initially announced its $143 million combination with BurgerFi on June 30. After the transaction’s close, which is expected in the coming days, the combined entity’s shares and warrants will trade on the Nasdaq under the symbols “BFI” and “BFIIW.”
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