American Electric Technologies Stockholders Approve Share Exchange Transaction With Stabilis Energy LLC
AMERICAN ELECTRIC TECH (AETI)
US:NASDAQ Investor Relations:
aeti.com/aeti/?q=irinfo
Company Research
Source: GlobeNewswire
BELLAIRE, Texas, July 18, 2019 (GLOBE NEWSWIRE) -- Global Newswire. American Electric Technologies, Inc. (NASDAQ:AETI) (“AETI”) today announced that the AETI stockholders approved the proposals related to the pending share exchange transaction with Stabilis Energy LLC and its subsidiaries (“Stabilis”) at the special meeting of AETI stockholders held earlier today. More than 99% of the shares voting at the AETI special meeting of stockholders voted in favor of the proposal to issue shares of AETI common stock in connection with the share exchange. The holders of Stabilis have already approved the transaction. Upon the closing of the share exchange, the owners of Stabilis will receive 90% of the shares of AETI to be outstanding at the completion date. AETI expects the closing of the transaction to occur promptly, subject to the satisfaction of all closing conditions. About Stabilis Stabilis is a vertically integrated provider of small-scale liquefied natural gas (“LNG”) producti
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