M&A: BM Technologies, Inc.

Form Type: 8-K

Filing Date: 2025-01-06

Corporate Action: Merger

Type: New

Accession Number: 000121390025000931

Comments: On January 3, 2025, BM Technologies, Inc. held a special virtual meeting of stockholders to discuss proposals related to the Agreement and Plan of Merger dated October 24, 2024, involving First Carolina Bank and Double Eagle Acquisition Corp, a subsidiary of First Carolina Bank. The merger would result in the Company being a wholly owned subsidiary of First Carolina Bank. As of the record date, December 2, 2024, there were 12,088,487 shares of common stock outstanding. A quorum was established with 9,526,779 shares present. Three proposals were voted on: 1) Adoption of the Merger Agreement: 9,470,266 votes for; 55,200 against; 1,313 abstentions. 2) Advisory vote on executive compensation related to the merger: 8,783,787 votes for; 391,053 against; 351,939 abstentions. 3) Proposal to approve any necessary adjournment: 9,404,887 votes for; 120,188 against; 1,704 abstentions. All proposals received the required shareholder approval.

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