Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On December 13, 2021, Yucaipa Acquisition Corporation (the “Company”) held an extraordinary general meeting of its shareholders (the “General Meeting”), at which holders of 32,136,222 ordinary shares (consisting of 23,511,222 Class A ordinary shares and 8,625,000 Class B ordinary shares) were present in person or by proxy, representing 74.52% of the voting power of Yucaipa’s ordinary shares held of record as of November 22, 2021, the record date for the General Meeting and constituting a quorum for the transaction of business. The proposal listed below is described in more detail in the registration statement on Form F-4 of SIGNA Sports United B.V. (“TopCo”), which was filed on July 2, 2021, as amended on August 31, 2021, October 18, 2021, November 4, 2021, November 17, 2021, November 23, 2021 and November 24, 2021 and declared effective by the Securities and Exchange Commission (the “SEC”) on November 24, 2021 and includes a document that serves as a prospectus of TopCo with respect to the securities to be issued in connection with the proposed business combination (the “Business Combination”) of Yucaipa with SIGNA Sports United GmbH, a German limited liability company contemplated by the Business Combination Agreement dated June 10, 2021 (as amended), by and among Yucaipa, SSU, TopCo, Olympics I Merger Sub, LLC, a Cayman Islands limited liability company and wholly-owned subsidiary of TopCo, and SIGNA International Sports Holding GmbH, a German limited liability company (the “Business Combination Agreement”) and a proxy statement of Yucaipa with respect to the General Meeting. The definitive proxy statement/prospectus was filed on November 26, 2021 (the “Definitive Proxy/Prospectus”). A summary of the voting results at the General Meeting is set forth below:
The shareholders approved (i) the Business Combination Agreement, pursuant to which the Business Combination and the transactions contemplated thereby are to occur (the “Business Combination Proposal”); (ii) the Plan of Merger and the transactions contemplated thereby (the “Merger Proposal”); and (iii) certain material provisions in the amendment of the articles of association of TopCo presented separately in accordance with SEC requirements (the “Charter Amendment Proposal”). The voting results for these proposals were as follows:
| | | | |
Proposal No. 1 - Business Combination Proposal |
For | | Against | | Abstain |
30,775,953 | | 1,259,612 | | 100,657 |
| | | | |
Proposal No. 2 - Merger Proposal |
For | | Against | | Abstain |
30,775,953 | | 1,259,612 | | 100,657 |
| | | | |
Proposal No. 3 - Charter Amendment Proposal |
For | | Against | | Abstain |
28,464,079 | | 3,170,774 | | 501,369 |
As there were sufficient votes to approve the above proposal, the “Adjournment Proposal” described in the Proxy Statement was not presented to shareholders.
Capitalized terms used but not defined herein will have the same meaning as in the Definitive Proxy/Prospectus.
Shareholders holding 31,820,685 Class A ordinary shares tendered their shares for redemption in connection with the approval of the Business Combination.
On December 13, 2021, Yucaipa and TopCo issued a joint press release announcing the voting results of the General Meeting. The press release is attached hereto as Exhibit 99.1.