AGM/EGMJun 18, 2026, 05:06 PM
Oak Woods Acquisition Corp EGM on July 8 to Vote on Business Combination Deadline Extension
AI Summary
Oak Woods Acquisition Corporation (OAKU) has filed a definitive proxy statement for an Extraordinary General Meeting (EGM) to be held virtually on July 8, 2026. The primary purpose is to vote on extending the deadline to complete a business combination from March 28, 2026, to March 28, 2027. A second proposal concerns the adjournment of the meeting if necessary. Shareholders have the option to redeem their shares for their pro rata portion of the trust account, which held approximately $16.45 million as of June 16, 2026. The company's shares were delisted from Nasdaq in March 2026.
Key Highlights
- Oak Woods Acquisition Corporation to hold Extraordinary General Meeting on July 8, 2026, virtually.
- Proposal 1: Extend business combination deadline from March 28, 2026, to March 28, 2027.
- Proposal 2: Adjournment Proposal to allow for further solicitation of proxies if needed.
- Shareholders can elect to redeem shares for pro rata portion of trust account funds.
- Trust account balance as of June 16, 2026, was approximately $16,446,537.85 ($12.62 per share).
- Company's shares were delisted from Nasdaq on March 23, 2026, and now trade over-the-counter.
Price Impact
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