M&A: Manitex International, Inc.
Form Type: SC 13E3/A
Filing Date: 2025-01-06
Corporate Action: Merger
Type: Update
Accession Number: 000119312525001784
Comments: This document is an Amendment No. 4 to the Transaction Statement on Schedule 13E-3 filed in connection with a merger between Manitex International, Inc. (the Company), Tadano Ltd., and Lift SPC Inc. The merger was consummated on January 2, 2025, where Lift SPC Inc. was merged with and into Manitex, which is now a wholly owned subsidiary of Tadano. The Agreement and Plan of Merger was dated September 12, 2024. Shareholders voted in favor of the merger agreement at a special meeting on December 20, 2024. Each outstanding share of common stock of Manitex was converted into $5.80 in cash, excluding shares owned by certain entities. Additionally, the restricted stock units and stock options were also converted into cash payments determined by the merger consideration, with certain conditions regarding outstanding options and performance stock units. Following the merger, Manitex's common stock ceased trading on the NASDAQ, and measures are being taken to deregister the stock and suspend reporting obligations.
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Shareholder Approval Date: 2024-12-20
Merger Effective Time: 2025-01-02
Merger Consideration: $5.80
Surviving Corporation: Manitex International, Inc.
Withholding Taxes: applicable
Form Type: 8-K
Filing Date: 2025-01-03
Corporate Action: Merger
Type: New
Accession Number: 000119312525001169
Comments: On January 2, 2025, Manitex International, Inc. completed a merger with Tadano Ltd., resulting in the Company becoming a wholly owned subsidiary of Tadano. The merger was executed under the Agreement and Plan of Merger dated September 12, 2024. Shareholders of Manitex received $5.80 in cash for each share held, with certain shares excluded from this transaction. Additionally, all stock options and restricted stock units were handled according to specified terms related to the merger. Following the merger, the Company requested delisting from NASDAQ and intends to stop reporting under the Exchange Act. A change in control occurred, resulting in the dissolution of the previous Board of Directors, and new members were appointed. The Articles of Incorporation were also amended in connection with the merger.
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Additional details:
Type Of Merger: cash merger
Merger Effective Date: 2025-01-02
Merger Consideration: $5.80 per share
Stock Options Treatment: vested and converted to cash or cancelled without payment
Restricted Stock Units Treatment: converted to cash
Performance Stock Units Treatment: cancelled without payment
Shareholder Rights Post Merger: ceased except for rights to receive merger consideration
New Board Of Directors: appointed from Merger Sub
Emerging Growth Company: no
Form Type: POS AM
Filing Date: 2025-01-03
Corporate Action: Merger
Type: Update
Accession Number: 000119312525000842
Comments: Manitex International, Inc. is filing a post-effective amendment to deregister all securities previously registered under Registration Statement No. 333-267100. This follows a merger that occurred on January 2, 2025, between Manitex International, Inc. and Lift SPC Inc., a subsidiary of Tadano Ltd. As a result of this merger, Manitex International, Inc. has become a wholly owned subsidiary of Tadano Ltd. Consequently, all security offerings associated with the previous registration statement have been terminated, and the company is removing from registration any unsold securities. This amendment is being filed to comply with the requirements of the Securities Act of 1933, reflecting the changes following the merger.
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Additional details:
Registration Statement Number: 333-267100
Merger Date: 2025-01-02
Merger Party 1: Manitex International, Inc.
Merger Party 2: Tadano Ltd.
Merger Party 3: Lift SPC Inc.
Offer Amount: $75,000,000
Status After Merger: wholly owned subsidiary
Form Type: S-8 POS
Filing Date: 2025-01-03
Corporate Action: Merger
Type: Update
Accession Number: 000119312525000845
Comments: On January 2, 2025, Manitex International, Inc. merged with Lift SPC Inc., a wholly owned subsidiary of Tadano Ltd., with Manitex continuing as the surviving corporation. As a result of this Merger, Manitex became a wholly owned subsidiary of Tadano, leading to the termination of all offerings of its securities pursuant to Registration Statement No. 333-265398. The filing serves as a post-effective amendment to deregister all shares of common stock that remain unsold under the registration statement, which initially registered 790,000 shares of common stock associated with inducement awards to J. Michael Coffey, the CEO. The amendment reflects the acknowledgment of these changes as per the undertaking made by the Registrant to remove from registration any unsold shares at the termination of offerings.
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Additional details:
Registration Statement Number: 333-265398
Merger Date: 2025-01-02
Merger Party: Tadano Ltd.
Merger Subsidiary: Lift SPC Inc.
Inducement Award Details: 100,000 restricted stock units with time-based vesting, 100,000 restricted stock units that vest upon a change of control, up to 490,000 restricted stock units based on price improvements, and 100,000 options to purchase common stock.
Form Type: S-8 POS
Filing Date: 2025-01-03
Corporate Action: Merger
Type: Update
Accession Number: 000119312525000846
Comments: On January 2, 2025, Manitex International, Inc. merged with Lift SPC Inc., a wholly owned subsidiary of Tadano Ltd., under a plan established on September 12, 2024. Following the merger, Manitex became a wholly owned subsidiary of Tadano. This document serves as a post-effective amendment to deregister all shares of common stock previously registered under two Form S-8 registration statements. The first was filed on June 26, 2019, for 279,717 shares as part of the Manitex 2019 Equity Incentive Plan, and the second was filed on August 3, 2023, for 1,000,000 shares under the same plan. As a result of the merger, all offerings of securities have been terminated, and any unsold shares have been removed from registration pursuant to the registration statements.
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Additional details:
Registration Statement Number: 333-232357
Registration Statement Number: 333-273641
Plan Title: Manitex International, Inc. 2019 Equity Incentive Plan, As Amended and Restated
Merger Date: 2025-01-02
Form Type: S-8 POS
Filing Date: 2025-01-03
Corporate Action: Merger
Type: Update
Accession Number: 000119312525000847
Comments: On January 2, 2025, Manitex International, Inc. underwent a merger with Tadano Ltd. and Lift SPC Inc., leading to the registrant becoming a wholly owned subsidiary of Tadano. Following this merger, Manitex is deregistering all shares of its common stock originally registered under two prior S-8 Registration Statements. The post-effective amendments reflect the removal from registration of any unsold shares of common stock as a result of the terminated offerings post-merger. This document serves to update the SEC regarding these changes and signifies the end of Manitex's offerings under those registration statements.
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Additional details:
Registration Statement No: 333-232357
Registration Statement No: 333-273641
Merger Date: 2025-01-02
Merger Agreement Date: 2024-09-12
Surviving Corporation: Manitex International, Inc.
Form Type: 8-K
Filing Date: 2024-12-23
Corporate Action: Merger
Type: New
Accession Number: 000119312524284179
Comments: On December 20, 2024, Manitex International, Inc. held a Special Meeting of Shareholders to vote on several proposals. Notably, the shareholders approved the Agreement and Plan of Merger with Tadano Ltd. and Lift SPC Inc., allowing Tadano to acquire Manitex through the merger of Lift SPC Inc. with Manitex. A total of 13,333,314 shares were present at the meeting. The vote results for the merger proposal showed 13,309,214 in favor, with only 22,999 against and 1,101 abstaining. Additionally, the shareholders approved the non-binding advisory vote on certain compensation arrangements for the Company’s named executive officers related to the merger, which garnered 10,743,523 votes in favor, versus 1,913,475 against. There was also a proposal to adjourn the Special Meeting, which was not acted upon since the merger proposal was approved. A press release regarding the meeting's outcomes was issued by the Company on the same date.
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Additional details:
Proposal Number: 1
Voted For: 13309214
Voted Against: 22999
Voted Abstain: 1101
Broker Non Votes: 0
Proposal Number: 2
Voted For: 10743523
Voted Against: 1913475
Voted Abstain: 676316
Broker Non Votes: 0
Proposal Number: 3
Voted For: 13068187
Voted Against: 241206
Voted Abstain: 23921
Broker Non Votes: 0