Shareholders of North American B2B technology provider GAN have overwhelmingly approved the merger of GAN with a subsidiary of SEGA Sammy Creation.
At a special general meeting held on February 13, GAN representatives shared the news that more than 95 per cent of votes cast were in favour of the merger. On a non-binding, advisory basis, the shareholders also approved the compensation that may be paid to GAN’s named executive officers in connection with the merger.
The final voting results will be reported on a Form 8-K filed with the SEC by GAN with respect to the special shareholder meeting.
The merger is expected to close late this year or early next year, subject to the satisfaction or waiver of certain conditions.
