Pearl Holdings Acquisition Corp Holds Extraordinary General Meeting, Shareholders Approve Extension Proposals and Trust Amendment

On December 10, 2024, Pearl Holdings Acquisition Corp (NASDAQ:PRLHU) conducted an extraordinary general meeting of shareholders, during which significant proposals were put forth and approved.

The meeting, attended by common shareholders, represented about 89.0% of the voting power of the outstanding shares. Of particular note, holders of 2,094,867 Class A Ordinary Shares opted to redeem their shares, amounting to approximately $23,797,689. Following these transactions, the Company’s trust account balance stands at around $836,806.

Shareholders gave their approval, via special resolution, for the Extension Proposal. This proposal involves amending the Company’s Charter to extend the deadline by which a business combination must be completed or the Company must cease operations from December 17, 2024, to June 17, 2026.

Moreover, shareholders also greenlit the Trust Amendment Proposal. This initiative involves modifying the Trust Agreement to allow for an extension of the deadline for concluding the initial business combination from December 17, 2024, to June 17, 2026.

Although a proposal to adjourn the meeting was not tabled due to the robust approval rates of the aforementioned proposals, the Extension Amendment was deemed effective upon endorsement.

The approved amendment documents are available for reference in Exhibits 3.1 and 10.1 of the Current Report on Form 8-K filed by the company.

Pearl Holdings Acquisition Corp has stated forward-looking statements in the report, emphasizing that actual outcomes may differ from projections due to risks and uncertainties outlined within its filings with the Securities and Exchange Commission (SEC).

The company, without any obligation, disclaims any intention to modify or revise forward-looking statements expressed within the report.

This news piece contains all pertinent details disclosed in the recent 8-K filing by Pearl Holdings Acquisition Corp.

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

About Pearl Holdings Acquisition

Pearl Holdings Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business operating in the lifestyle, health and wellness, and technology sectors.