JM GLOBAL HOLDING COMPANY (NASDAQ:WYIG) Files An 8-K Other EventsItem 8.01 Other Events.
On January 17, 2018, JM Global Holding Company (“JM Global” or the “Company”) filed and commenced mailing of its definitive proxy statement related to the special meeting of stockholders to be held on January 29, 2018 (the “Second Extension Meeting”), to consider and vote (such vote, the “Second Extension Vote”) upon the extension of the date by which the Company must approve an initial business combination from January 29, 2018 to April 30, 2018. The purpose of the Second Extension Vote is to allow the Company more time to complete its previously announced proposed business combination (the “Business Combination”) with China Sunlong Environmental Technology Inc. (“Sunlong”).
On January 22, 2018, the Company filed and commenced mailing of its definitive proxy statement related to the special meeting of stockholders to be held on February 2, 2018 (the “Business Combination Meeting”), to consider and vote upon, among other things, the approval of a share exchange agreement (as it may be amended, the “Share Exchange Agreement”) dated August 28, 2017, providing for the acquisition by us of all of the outstanding issued shares and other equity interests in Sunlong, which primarily conducts its business through its indirect wholly owned subsidiaries, Hubei Shengrong Environmental Protection Energy-Saving Science and Technology Co. Ltd. (“Hubei Shengrong”) and Tianjin Commodity Exchange Company Limited (“Tianjin Commodity”), from the shareholders of Sunlong. If the Business Combination is approved by stockholders, and if the closing conditions to the Share Exchange Agreement are satisfied or otherwise waived, then upon the closing of the Business Combination, JM Global will acquire all the outstanding ordinary shares of Sunlong, Sunlong will become our direct wholly-owned subsidiary, and the business of the Company will become the business of Tianjin Commodity and Hubei Shengrong.
The Company has established a record date of January 3, 2018 for and in advance of each of the Second Extension Meeting and the Business Combination Meeting.