Atlantic Coastal Acquisition Corp. II Approves Business Combination with Abpro Corporation

Atlantic Coastal Acquisition Corp. II (NASDAQ:ACABU) recently held a Special Meeting where its stockholders voted on various proposals regarding the proposed Business Combination with Abpro Corporation. The meeting, held on November 7, 2024, saw approving votes on multiple key proposals, as outlined below:

1. Business Combination Proposal: Approved by stockholders with 7,587,598 votes for and 20,710 votes against.
2. NTA Proposal: Approved by stockholders with 7,587,598 votes for and 20,710 votes against.
3. Charter Approval Proposal: Approved by stockholders with 7,587,598 votes for and 20,710 votes against.
4. Governance Proposal: Approved by stockholders with 7,587,598 votes for and 20,710 votes against.
5. Director Election Proposal: Approved by stockholders with 7,587,598 votes for and 20,710 votes against.
6. Merger Issuance Proposal: Approved by stockholders with 7,587,598 votes for and 20,710 votes against.
7. Subscription Agreements Proposal: Approved by stockholders with 7,587,598 votes for and 20,710 votes against.
8. Incentive Plan Proposal: Approved by stockholders with 7,587,598 votes for and 20,710 votes against.
9. Adjourn Proposal: Approved by stockholders with 7,587,598 votes for and 20,710 votes against.

Additionally, stockholders holding a total of 436,019 public shares of Series A common stock exercised their right to redeem their shares, which would result in a payment of approximately $11.28 per share redeemed.

The Business Combination Agreement with Abpro Corporation, a Delaware Corporation, was previously entered into, with the Registration Statement and proxy statement/prospectus related to the Business Combination already filed.

Investors and interested parties are encouraged to review the full details of the meeting and proposals by accessing the SEC filings provided by Atlantic Coastal Acquisition Corp. II.

Please note that the approval of these proposals is a significant step in the Company’s plan for the proposed business combination and reflects the stockholders’ support towards this strategic move.

For further information and detailed financial statements, interested parties can refer to the official SEC filings by Atlantic Coastal Acquisition Corp. II.

The article may contain forward-looking statements, and for more details on this matter and associated risks, readers should refer to the full SEC filings and related documentation provided by the company.

This news article is based on the 8-K SEC Filing submitted by Atlantic Coastal Acquisition Corp. II to the Securities and Exchange Commission.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Atlantic Coastal Acquisition Corp. II’s 8K filing here.

Atlantic Coastal Acquisition Corp. II Company Profile

Atlantic Coastal Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses in financial services industry and mobility sector.