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Stock impact report

SP Plus Stockholders Approve Merger With Metropolis Technologies

SP Plus Corporation (SP) 
Last sp plus corporation earnings: 2/19 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.spplus.com
Company Research Source: GlobeNewswire
CHICAGO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- SP Plus Corporation (“SP+”) (NASDAQ: SP) today announced that at its special meeting of stockholders held on February 9, 2024 (the “Special Meeting”), SP+ stockholders voted to approve the previously announced Agreement and Plan of Merger, dated as of October 4, 2023, by and among Metropolis Technologies, Inc. (“Metropolis”), Schwinger Merger Sub Inc., a direct, wholly owned subsidiary of Metropolis (“Merger Sub”) and SP+ (the “Merger Agreement”), pursuant to which Merger Sub will merge with and into SP+ (the “Merger”), with SP+ surviving the Merger as a wholly owned subsidiary of Metropolis. At the Special Meeting, approximately 99.94% of the votes cast were voted in favor of the proposal to adopt the Merger Agreement, which represented approximately 78.64% of the outstanding shares of SP+’s common stock entitled to vote thereon. Under the terms of the Merger Agreement, SP+ stockholders will be entitled to receive $54.00 per share in Show less Read more
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