Abpro Holdings, Inc 8-K, filed Apr 8, 2025
Abpro Holdings, Inc. (ABPO)
About this 8-K
Abpro Holdings, Inc filed this 8-K on April 8, 2025.
Items reported
- Item 5.07: Shareholder vote results
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 5.07. Submission of Matters to a Vote of Security Holders.
Summary of Proposal Submitted to Stockholders
On April 8, 2025, the Company held a special meeting of stockholders (the “Special Meeting”). At the Special Meeting, the following proposal was submitted to the stockholders of the Company, as set forth in the Company’s definitive proxy statement on Schedule 14A filed with the SEC on March 24, 2025 (the “Proxy Statement”):
Yorkville Share Issuance Proposal: To approve, for purposes of Nasdaq Listing Rule 5635(d), the issuance of shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), to YA II PN, LTD. (“Yorkville”), pursuant to that certain Standby Equity Purchase Agreement, dated October 30, 2024, by and between the Company, Atlantic Coastal Acquisition Corp. II, and Yorkville (the “SEPA”), which shares may represent more than 20% of the Company’s issued and outstanding Common Stock as of the date of the SEPA (the “Yorkville Share Issuance Proposal”).
Voting Results
On the record date, there were 51,965,765 shares of the Company’s Common Stock, issued and outstanding, entitled to 51,965,765 votes in the aggregate. Of the 51,965,765 votes that were eligible to be cast by the holders of Common Stock at the Special Meeting, 26,363,445 votes, or approximately 50.7% of the total, were represented at the meeting in person or by proxy, constituting a quorum. The number of votes cast for, against or withheld, as well as abstentions and broker non-votes, if applicable, in respect to the Yorkville Share Issuance Proposal is set forth below:
Yorkville Share Issuance Proposal:
The Company’s stockholders approved the issuance of Common Stock to Yorkville, pursuant to the SEPA, which shares may represent more than 20% of the Company’s issued and outstanding Common Stock as of the date of the SEPA.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 26,359,504 | 2,827 | 1,114 | — |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ABPRO HOLDINGS, INC. | ||
| By: | /s/ Miles Suk | |
| Name: | Miles Suk | |
| Title: | Chief Executive Officer | |
| Dated: April 8, 2025 | ||
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