Executive Network Partnering Corporation Files Preliminary Proxy for Special Meetings to Consider Stock Split
Executive Network Partnering Corporation (the Company or ENPC) (NYSE: ENPC, ENPC.U, and ENPC WS) today filed a preliminary proxy statement on Schedule 14A (the preliminary proxy statement) with the U.S. Securities and Exchange Commission (SEC) to hold special meetings of stockholders and warrant holders to authorize a potential stock split (2.5 shares for every one share) of ENPCs Class A common stock and to approve related changes to the warrant agreement (the special meetings).
- Executive Network Partnering Corporation (the Company or ENPC) (NYSE: ENPC, ENPC.U, and ENPC WS) today filed a preliminary proxy statement on Schedule 14A (the preliminary proxy statement) with the U.S. Securities and Exchange Commission (SEC) to hold special meetings of stockholders and warrant holders to authorize a potential stock split (2.5 shares for every one share) of ENPCs Class A common stock and to approve related changes to the warrant agreement (the special meetings).
- If effectuated, the stock split would result in an increase in the number of shares of Class A common stock outstanding and thereby decrease the trading price of ENPCs Class A common stock.
- ENPC anticipates that the stock split and related matters, if effectuated, will allow easier comparison to the trading prices of the securities of other special purpose acquisition companies.
- The proposed stock split amendment would adjust the terms of the Class B common stock solely to adjust for the split of the Class A common stock.