This afternoon, Churchill Capital Corp. (CCC), released the details of their shareholder vote to approve their merger with Clarivate Analytics, and it’s pretty much what you would expect – a landslide. There were, however, 138,590 votes in the “no” column, but that only represents 0.2% of the total number of shares voted. As a reminder, per Churchill’s proxy, if a shareholder does not vote or forgets to vote, that is counted as an abstention, so presumably, 138,590 specifically voted “no”.
As far as the number of redemptions (if any) or how much was left in trust post-vote, that information was not provided. We’ll have to wait for further filings to check those results.
Nonetheless, this was an overwhelmingly positive vote. Focusing on 138,590 “no” votes out of 68,291,728 total is like worrying about the postage for a really huge tax bill. Just spring for certified mail.
Summary of results below and you can find the results for the other proposals HERE.
Proposal to approve the business combination: