Goldenbridge Acquisition in an 8-K said shareholderrs vogted in favor of combining with Auto Services Group through its indirect majority-owned subsidiary Sun Car Online insurance Agency.
The SPAC did not disclose redemptions in the regulatory filing, but noted it would accept redemption reversals up until the deal closes.
SunCar, a provider of digitalized auto services and auto insurance through Shanghai-based SunCar Online Insurance Agency, entered into a definitive merger agreement with Goldenbridge last May. At that time, the deal valued the combined company at an estimated enterprise value on a pro-forma basis of approximately $858 million, assuming zero redemptions. Read more.