Nubia Brand International Corp Announced Its Stockholders Voted To Approve Its Proposed Business Combination With Honeycomb Battery Company
As of the close of business on November 6, 2023, the record date for the Meeting, there were 7,130,617 shares of common stock of Nubia, with par value $0.0001 per share ("Nubia Shares"), issued and outstanding. There were 6,360,235 Nubia Shares present at the Meeting in person or represented by proxy, with 70.4% voting to approve the Business Combination.
The formal results of the Meeting will be included on a Form 8-K to be filed with the U.S. Securities and Exchange Commission by Nubia.
In connection with the Meeting, Nubia received requests to redeem a total of 3,896,031 Nubia public shares, representing 99.4% of the total public shares of Nubia outstanding prior to 5:00 pm Eastern Time on December 12, 2023 (the "Redemption Deadline"). As of December 12, 2023, the pro rata portion of the Nubia's trust account each public share would be entitled to receive upon redemption is approximately $10.94 per share (net of any applicable taxes). If all of the redemption requests received by Nubia as of the Redemption Deadline are satisfied by Nubia, 23,586 public shares of Nubia would be outstanding.