M I Acquisitions, Inc. Releases Results of Shareholder Vote
M I Acquisitions, Inc. (“MACQ”), released the results of its shareholder vote to approve MACQ’s previously announced business combination with Priority Holdings, LLC., a provider of B2C and B2B payment processing solutions. The combined company is expected to be renamed Priority Technology Holdings, Inc. and is expected to continue to be listed on the Nasdaq Stock Market under the symbol “PRTH”.
| FOR | AGAINST | ABSTENTIONS |
| 5,502,341 | 300 | 0 |
Total shares of common stock exercising redemption rights were only 6,000 shares, which left $51.8 million cash held in trust. If you remember, M I Acquisitions had originally raised $53.1 million in its initial public offering. No word on an actual closing date, but the 8-K stated, “M I and Priority anticipate closing the business combination in the coming days.”
You can find the 8-k release here. However, its a bit surprising there wasn’t more news surrounding the closing. Neither the MACQ or Priority websites have any announcements or press releases and the only information currently out there is a formal 8-K detailing the results of the vote. Maybe the first order of business post-closing is to hire an IR firm?
Congratulations to all.
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....