Cohn Robbins Holdings secures shareholder approval as Allwyn merger inches closer

Cohn Robbins Holdings shareholders approve Allwyn merger
Image: Shutterstock

The proposed merger between Cohn Robbins Holdings (CRHC) and Allwyn has moved a step further forward after CRHC shareholders voted in favour of the Business Combination Agreement.

This follows last month’s news that Allwyn’s registration statement had been declared effective by the US Securities and Exchange Commission (SEC).

Cohn Robbins Holdings subsequently announced a meeting date of September 7 for its extraordinary general meeting to approve the merger.

That meeting took place yesterday, and the result was overwhelmingly in favour of the Business Combination as 99.2% voted in support.

Approximately 66.7% of total outstanding shares voted.

Additionally, at a separate extraordinary general meeting held on Wednesday, Cohn Robbins Holdings shareholders of record as of July 11, 2022, approved a proposal to extend the date by which CRHC must consummate its initial business combination from September 11, 2022, to December 11, 2022.

CRHC and Allwyn will now benefit from additional flexibility to complete the Business Combination.

CRHC stated: “We appreciate the support of CRHC shareholders in approving the Business Combination with Allwyn.

“With the additional time our shareholders have provided, we are working diligently to complete the Business Combination with Allwyn as expeditiously as possible.”

The formal results of the votes will be included in a Current Report on Form 8-K to be filed with the SEC by CRHC.