ESGL shareholders approve all proposal for combination with DeTomaso

Environmental Solutions (ESGL) announced that its shareholders have voted to approve all proposals presented at the Extraordinary General Meeting held on June 10, 2025, relating to the Company’s proposed business combination with De Tomaso Automobili, the iconic Italian luxury performance car brand. All proposals related to the business combination were duly approved by ESGL shareholders, including: 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. The closing of the business combination remains subject to Nasdaq’s approval of the continued listing application, in addition to other customary closing conditions.