ESGL Holdings has filed its proxy statement with the U.S. Securities and Exchange Commission in connection with its proposed business combination with De Tomaso Automobili Holdings, one of the most revered names in luxury performance cars. The proposals will be voted on at an Extraordinary General Meeting to be held on June 10, 2025, and include: Proposal No. 1: Expansion of authorized share capital to facilitate the issuance of shares for the acquisition; Proposal No. 2: Share consolidation, if required, to ensure compliance with Nasdaq’s minimum bid price requirement; Proposal No. 3: Proposed name change to align name of publicly traded entity; Proposal No. 4: Adoption of a revised charter to reflect the future-forward structure of the combined company; Proposal No. 5: Authority to adjourn the EGM to secure maximum shareholder support; Upon completion of the transaction, ESGL will be renamed OIO Holdings Limited and is expected to trade on Nasdaq under the new tickers “OIO” and “OIOWW”.
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