HydroGraph Clean Power said October 29 that securityholders approved transactions that would place the company under indirect ownership of a Delaware corporation.
The vote took place at a special meeting in Vancouver, British Columbia, on Thursday. It advances a previously announced corporate restructuring rather than completing it.
Shareholders, warrant holders and incentive-award holders voting together supported the proposal by 98.64% of votes cast. Shareholders voting separately supported it by 98.58%, according to the company’s results.
Approximately 44.92% of common shares eligible to vote were represented at the meeting. Including warrants and incentive awards, representation covered about 42.89% of the eligible securities.
HydroGraph anticipates completing the transactions in early 2027, subject to approval by the Supreme Court of British Columbia and satisfaction or waiver of other closing conditions.
Chief Executive Kjirstin Breure described the proposal as aligning the corporate structure with growing U.S. operations.
The new development is securityholder approval. The company’s expected completion period remains a forecast, and Thursday’s announcement does not establish that court approval has been granted.
Sources: HydroGraph — October 29 Voting Results: https://www.streetinsider.com/Globe%2BNewswire/HydroGraph%2BSecurityholders%2BOverwhelmingly%2BApprove%2BRedomicile%2BTransactions/27256870.html