Brief: Sunworks Terminates Merger Agreement With Peck Company Holdings

iSun

13/11/2020 01:24

Nov 12 (Reuters) - Peck Company Holdings Inc  PECK.O :
    * SUNWORKS TERMINATES MERGER AGREEMENT WITH THE PECK COMPANY
HOLDINGS, INC.
    * PECK COMPANY - MERGER AGREEMENT PREVIOUSLY ANNOUNCED ON
AUGUST
10, 2020 WAS TERMINATED BY SUNWORKS DUE TO ITS INABILITY TO
OBTAIN STOCKHOLDER APPROVAL
    * PECK - SUNWORKS TERMINATED MERGER BUT INDICATED DESIRE TO
CONTINUE TO HAVE STRATEGIC DISCUSSIONS TO DETERMINE OTHER WAYS
FOR TWO CO'S TO WORK TOGETHER
    * PECK - CO HAD RECEIVED SUFFICIENT PROXIES TO APPROVE
MERGER BUT,
DUE TO SUNWORK'S TERMINATION, CO CANCELLED ITS SCHEDULED SPECIAL
MEETING OF STOCKHOLDERS
    * AT SUNWORK'S SPECIAL MEETING OF STOCKHOLDERS ONLY
4,362,575
VOTES WERE CAST, OR 26% OF TOTAL OUTSTANDING SHARES

Source text for Eikon:  ID:nBw9vg63Na 
Further company coverage:  PECK.O 

 ((Reuters.Briefs@thomsonreuters.com;))