Tuscan Holdings Corp. Stockholders Approve Extension of the Date to Consummate Business Combination
Tuscan Holdings Corp. (Nasdaq:THCB) (“Tuscan”) announced that at today’s reconvened 2021 Annual Meeting of Stockholders, stockholders approved the proposal to amend Tuscan’s Amended and Restated Certificate of Incorporation, as amended, to extend the date by which Tuscan must complete a business combination from April 30, 2021 to July 31, 2021. The amendment effecting this extension has been filed with the Delaware Secretary of State and extends the time for Tuscan to complete its previously announced proposed business combination with Microvast, Inc. (“Microvast”), a leading global provider of next-generation battery technologies for commercial and specialty electric vehicles participating in a $30 billion commercial EV total addressable market.
Commenting on the results of the meeting, Stephen Vogel, Tuscan's Chairman and CEO said, “We are pleased with the support our shareholders have provided in connection with the extension proposal. We have filed with the SEC the preliminary proxy statement for our business combination with Microvast. We continue to progress with our proposed transaction with Microvast and look forward to being in position to schedule the special meeting of stockholders to vote to approve the business combination.”
Additional Information and Where to Find It
In connection with the proposed business combination transaction involving Tuscan and Microvast, Tuscan filed a preliminary proxy statement with the SEC on February 16, 2020 and intends to file a definitive proxy statement (collectively, “Merger Proxy Statement”). This document is not a substitute for the Merger Proxy Statement. INVESTORS AND SECURITY HOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE MERGER PROXY STATEMENT FOR MORE INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION WITH MICROVAST, AND TO READ ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE. The Merger Proxy Statement and other documents that may be filed with the SEC (when they are available) can be obtained free of charge from the SEC’s website at www.sec.gov. These documents (when they are available) can also be obtained free of charge from Tuscan upon written request to Tuscan at Tuscan Holdings Corp., 135 E. 57th St., 17th Floor, New York, NY 10022.
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