Anzu Special Acquisition Corp I Stockholders Approve Business Combination With Envoy Medical Corporation
Anzu Special Acquisition Corp I (the "Company") (NASDAQ: "ANZU," "ANZUU" and "ANZUW"), announced today that its stockholders voted to approve the Business Combination Agreement with Envoy Medical Corporation ("Envoy"), and the transactions contemplated thereby (the "Business Combination") at the Company's special meeting of stockholders held on September 27, 2023 (the "Special Meeting").
Pursuant to the Business Combination Agreement, Merger Sub will merge with and into Envoy, with Envoy surviving the merger as a wholly owned subsidiary of the Company (the "Merger"). Following the closing of the Merger (the "Closing"), the Company will be renamed "Envoy Medical, Inc.", which is referred to herein as "New Envoy."
Over 99% of the votes cast at the Special Meeting were cast in favor of the approval of the Business Combination. The Company's stockholders also voted to approve all other proposals presented at the Special Meeting, each of which are described in more detail in the Company's proxy statement/prospectus filed with the Securities and Exchange Commission on September 14, 2023 (the "Proxy Statement").
Based on the results of the Special Meeting, and subject to the satisfaction or waiver of certain other closing conditions as described in the Proxy Statement, the Business Combination is expected to be consummated on September 29, 2023. Following the Closing, the Company intends to change its name to Envoy Medical, Inc., with its Class A Common Stock and warrants expected to begin trading on the Nasdaq Stock Market ("Nasdaq") under the symbols "COCH" and "COCHW", respectively.
Additionally, the Company announced today that it has cancelled the special meeting of stockholders previously scheduled for September 29, 2023 (the "Extension Meeting") to, among other things, vote upon a proposal to extend the date by which the Company could complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. The Company determined that the Extension Meeting is no longer necessary since the Business Combination is expected to close prior to September 30, 2023, its current business combination deadline.