Tuscan Holdings Corp. Urges Stockholders to Vote Today in Favor of Extension Amendment
Tuscan Holdings Corp. (NASDAQ: THCB) (the “Company”), today announced that the Company sent a letter to stockholders urging them to vote FOR the extension amendment at its annual meeting of stockholders which will be held virtually at https://www.cstproxy.com/tuscanholdingscorp/2021 on April 28, 2021 at 10:00 am Eastern Time.
The extension proposal must be approved by at least 65% of the outstanding shares. If you do not vote, your non-vote will have the same effect as a vote against the extension amendment.
Please vote by telephone or internet today. Please note that if your shares are held at a brokerage firm or bank, your broker will not vote your shares for you. You must instruct your bank or broker to cast the vote. For assistance with voting your shares please contact Advantage Proxy, Inc. toll free at 1-877-870-8565, collect at 1-206-870-8565 or by email to firstname.lastname@example.org.
The full text of the letter is as follows:
Dear Fellow Shareholder,
We have previously sent you proxy material for the Tuscan Holdings Corp. annual meeting to be held on April 28, 2021. In addition to the election of one Class I director, the Company is asking stockholders to approve an extension proposal that will allow the Company more time to complete its previously announced business combination with Microvast, Inc. ("Microvast").
Tuscan has filed the preliminary proxy statement for its business combination with Microvast, but because the proxy statement for the business combination was not finalized and mailed before March 22, 2021, the Company is required to seek stockholder approval of an extension of time to consummate the transaction.
Your Board of Directors has unanimously determined that the extension amendment is in the best interests of Tuscan Holdings Corp. and its stockholders. Your Board of Directors recommends that you vote “FOR” the proposal. The extension proposal must be approved by at least 65% of the outstanding shares. If you do not vote, your non-vote will have the same effect as a vote against the extension amendment.
The easiest way to vote is by contacting the Company's proxy solicitor Advantage Proxy toll free at 1-877-870-8565 or by sending an email to Karen Smith (email@example.com) or Robert Trosino (firstname.lastname@example.org). You may also sign, date and mail your proxy card in the envelope provided.
Thank you for your continued support. Remember - every share and every vote counts!
Chairman and CEO of Tuscan Holdings Corp.
Additional Information and Where to Find It
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