Federal Street (FSAC) Announces Results of Shareholder Vote

Late this afternoon, Federal Street Acquisition Corp. (FSAC), announced the approval of their business combination with Agiliti Health and the results of their shareholder vote.

The 8-k provided information as to vote counts for each of the proposals, but did not provide the amount of redemptions or at what price.  This seems to be the trend lately where companies only provide a minimal amount of information and then release redemption amounts in subsequent filings.

However, the transaction was approved (vote count below) and the transaction is expected to close tomorrow, January 4, 2019.  We’ll update as additional information becomes available.