Twelve Seas Shareholders Approve Business Combination

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Twelve Seas Shareholders Approve Business Combination

Dec 20, 2019 INTEL by Kristi Marvin

Twelve Seas Investment Company (“Twelve Seas”) (NASDAQ: BROG), announced late yesterday evening that shareholders have approved their business combination with Brooge Holdings Limited. Shareholder vote results have not been filed yet, but per the press release, approximately 95.0% of the shares voted were voted in favor of the business combination.

The BROG business combination is expected to close today, December 20, 2019, and the shares and warrants will continue be listed on the Nasdaq under the new ticker symbols “BROG” and “BROGW,” respectively.

An update will be provided with additional vote details as they are released.

ADVISORS

  • EarlyBirdCapital, Inc. is acting as exclusive financial and capital markets advisor to Twelve Seas Investment Company.
  • Ellenoff Grossman & Schole LLP is acting as Twelve Seas Investment Company’s legal advisors.
  • K&L Gates is acting as legal advisors to BPGIC.
  • Maples & Calder is acting as Cayman Islands legal counsel for the transaction.

 

ByKristi Marvin