Swiftmerge Acquisition Corp. Shareholders Approve Business Combination in Extraordinary General Meeting

On December 12, 2024, Swiftmerge Acquisition Corp. (NASDAQ:IVCPU) held an extraordinary general meeting wherein shareholders voted on various proposals related to the Company’s future actions. This meeting was conducted in connection with the proposed business combination as outlined in the Agreement and Plan of Merger. The merger agreement involved Swiftmerge, Swiftmerge HoldCo LLC, Swiftmerge Merger Sub LLC, and AleAnna Energy, LLC, as detailed in the Proxy Statement/Prospectus filed on November 21, 2024.

Shareholders holding 4,257,610 Class A Ordinary Shares and 1,705,131 Class B Ordinary Shares were in attendance at the meeting. This represented approximately 87.18% of the voting power of the Ordinary Shares, making it a quorum for transacting business. The meeting resulted in the approval of several proposals, with sufficient votes to meet the necessary requirements.

The approved proposals included:
1. The Business Combination Proposal.
2. The Domestication Proposal.
3. The Share Issuance Proposal.
4. The Other Organizational Documents Proposals.
5. The Required Organizational Document Proposal.
6. The Director Election Proposal.

Furthermore, shareholders holding 1,158,556 Class A Ordinary Shares exercised their right to redeem these shares. This exercise will result in approximately $12,987,412.76 (around $11.21 per share) being removed from the Company’s trust account to pay these shareholders.

The Company’s Form 8-K filing also indicated that Swiftmerge Acquisition Corp. is an emerging growth company and has not elected to use the extended transition period for complying with new or revised financial accounting standards. The document was duly signed by John S. Bremner, the Chief Executive Officer of Swiftmerge Acquisition Corp.

Swiftmerge Acquisition Corp. is proceeding with corporate actions as approved in the shareholders’ meeting, providing a clear direction for its future endeavors. Shareholders and investors await further updates and developments from the Company as it progresses with its planned strategies.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Swiftmerge Acquisition’s 8K filing here.

About Swiftmerge Acquisition

Swiftmerge Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.