Progress Acquisition Corp. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
UNITED STATES
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Securities registered pursuant to Section 12(b) of the Act:
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| The Stock Market LLC | ||||
| The Stock Market LLC | ||||
| The Stock Market LLC |
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Item 5.07. Submission of Matters to a Vote of Security Holders.
On April 17, 2023, Progress Acquisition Corp. (the “Company”) held a special meeting of stockholders (the “Special Meeting”). At the Special Meeting, the Company’s stockholders approved a proposal to adjourn the Special Meeting (the “Adjournment Proposal”) to a later date or dates to permit further solicitation of proxies, or otherwise in connection with, the approval of (a) a proposal to amend the Company’s amended and restated certificate of incorporation (the “Charter”) to extend the date by which the Company must consummate a business combination from May 8, 2023 to November 8, 2023 or such earlier date as determined by the Company’s board of directors, and (b) a proposal to amend the Charter to provide holders of shares of Class B common stock of the Company the right to convert any and all of their shares of Class B common stock into shares of Class A common stock of the Company on a one-for-one basis prior to the closing of a business combination at the election of the holder.
Approval of the Adjournment Proposal required the affirmative vote of the majority of the votes cast by stockholders represented in person or by proxy at the Special Meeting.
The Adjournment Proposal presented at the Special Meeting was approved by the Company’s stockholders. The final voting results for the Adjournment Proposal are set forth below.
| For | Against | Abstain | ||
| 4,725,262 | 13,459 | 0 |
The adjourned Special Meeting is scheduled to reconvene at 10:30 a.m., Eastern time, on April 26, 2023.
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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.
| Progress Acquisition Corp. | |||
| Dated: April 17, 2023 | By: | /s/ Winston Meade | |
| Name: | Winston Meade | ||
| Title: | Chief Financial Officer | ||
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