M III ACQUISITION CORP. (NASDAQ:MIII) Files An 8-K Unregistered Sales of Equity Securities

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M III ACQUISITION CORP. (NASDAQ:MIII) Files An 8-K Unregistered Sales of Equity Securities
Item 9.01 Unregistered Sale of Equity Securities.

The disclosure set forth in Item 9.01 of this Current Report on Form8-K is incorporated by reference herein.The shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) to be issued in connection with the advisor commitment agreement described below in Item 9.01 hereof will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and will be issued in reliance upon the exemption from registration provided in Section4(a)(2)of the Securities Act and/or Regulation D promulgated thereunder.

Item 9.01 Submission of Matters to a Vote of Security Holders

Present at the special meeting of stockholders (the “Special Meeting”) of the Company on March21, 2018 were holders of 15,840,890 shares of Common Stock in person or by proxy, representing 82.46% of the voting power of the shares of the Common Stock as of February9, 2018, the record date for the Special Meeting, and constituting a quorum for the transaction of business.

The stockholders of the Company voted on the below items at the Special Meeting; each proposal is described in more detail in the proxy statement filed with the Securities and Exchange Commission on February9, 2018 (as supplemented by the proxy supplement filed with the SEC on March 8, 2018 and the proxy supplement filed with the SEC on March 20, 2018, the “Proxy Statement”) and incorporated by reference in this Current Report on Form8-K. Additionally, the following is a tabulation of the votes with respect each proposal:

1. To adopt the Agreement and Plan of Merger, dated as of November 3, 2017, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4 and Amendment No. 5 thereto, by and among the Company, IEA Services, Merger Sub I, Merger Sub II, Seller, Oaktree, solely in its capacity as the Seller’s representative and, solely for purposes of certain sections therein, the Sponsors, which provided for, among other things, the merger of Merger Sub I with and into IEA Services with IEA Services surviving such merger and, immediately thereafter, merging with and into Merger Sub II with Merger Sub II surviving such merger as an indirect, wholly-owned subsidiary of the Company and, the issuances in connection therewith of shares of the Common Stock, and shares of the registrant’s Series A preferred stock, par value $0.0001 per share (together with the other transactions contemplated by the Merger Agreement, the “Business Combination”).

For

Against

Abstain

15,652,257

188,633

Based on the votes set forth above, the stockholders adopted the Merger Agreement, and approved the Business Combination.

2. To approve the issuance of an additional 65,000,000 shares of Common Stock in connection with the Business Combination.

For

Against

Abstain

15,652,257

188,633

Based on the votes set forth above, the stockholders approved the issuance of an additional 65,000,000 shares of Common Stock in connection with the Business Combination.

3. To amend the Company’s certificate of incorporation to provide for the classification of the board of directors into three classes of directors with staggered terms of office and to make certain related changes.

For

Against

Abstain

15,651,657

189,233

Based on the votes set forth above, the stockholders ratified the amendment of the Company’s certificate of incorporation to provide for the classification of the board of directors into three classes of directors with staggered terms of office.

4. To amend the Company’s certificate of incorporation to change the stockholder vote required to amend certain provisions of the post-combination company’s proposed certificate of incorporation and bylaws.

For

Against

Abstain

15,624,807

215,483

Based on the votes set forth above, the stockholders ratified the amendment of the Company’s certificate of incorporation to change the stockholder vote required to amend certain provisions of the post-combination company’s proposed certificate of incorporation and bylaws.

5. To amend the Company’s certificate of incorporation to elect not to be governed by Section203 of the DGCL and, instead, to include provisions in our certificate of incorporation that are substantially similar to Section203 of the DGCL, but exclude the Sponsors, Oaktree and Seller and each of their respective successors, certain affiliates and each of their respective transferees from the definition of “interested stockholder,” and to make certain related changes.

For

Against

Abstain

15,625,407

215,483

Based on the votes set forth above, the stockholders ratified the amendment of the Company’s certificate of incorporation to elect not to be governed by Section203 of the DGCL and, instead, to include provisions in our certificate of incorporation that are substantially similar to Section203 of the DGCL, but exclude our Sponsors, Oaktree and Seller and each of their respective successors, certain affiliates and each of their respective transferees from the definition of “interested stockholder,” and to make certain related changes.

6. To approve certain additional changes to the certificate of incorporation, including but not limited to changing the post-combination company’s corporate name from “M III Acquisition Corp.” to “Infrastructure and Energy Alternatives,Inc.” and eliminating certain provisions specific to our status as a blank check company, which our board of directors believes are necessary to adequately address the needs of the post-combination company.

For

Against

Abstain

15,625,407

215,483

Based on the votes set forth above, the stockholders ratified certain additional changes to the certificate of incorporation, including but not limited to changing the post-combination company’s corporate name from “M III Acquisition Corp.” to “Infrastructure and Energy Alternatives,Inc.” and eliminating certain provisions specific to our status as a blank check company, which our board of directors believes are necessary to adequately address the needs of the post-combination company.

7. To approve the Infrastructure and Energy Alternatives,Inc. 2018 Equity Incentive Plan (the “Incentive Plan”), including the authorization of the initial share reserve under the Incentive Plan.

For

Against

Abstain

15,630,407

210,483

Based on the votes set forth above, the stockholders ratified the Incentive Plan, including the authorization of the initial share reserve under the Incentive Plan.

Item 9.01 Other Events

On March20, 2018, the Company entered into a commitment agreement with one of Seller’s advisors (the “Advisor”) to which the Company agreed to issue Common Stock to the Advisor in an amount equal to approximately $800,000 in satisfaction of fees payable to the Advisor at a price per share equal to the per share redemption price payable to holders of Common Stock who elected to redeem their shares in the matter described in the Proxy Statement.

On March21, 2018, the Company issued a press release announcing the results of the stockholder vote at the Special Meeting. A copy of the press release is attached hereto as Exhibit99.1 and is incorporated by reference herein.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed as part of this Current Report on Form8-K:


M III Acquisition Corp. Exhibit
EX-99.1 2 a18-6747_15ex99d1.htm EX-99.1 Exhibit 99.1   M III Shareholders Approve Merger with IEA Energy Services,…
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