the date for the shareholder approval date has been moved back, but also the transaction for the close date has been set for that same date, so not much change as far as a bottom line except for the fact that the date of record for being able to vote has also been moved back as well. I wonder if they saw that they werent getting enough voting from shareholders and wanted more time or some other reason, didnt realize you could change the date after announcing it like that.
Water Now, Inc. Announces Revised Record Date and Sets Date for Special Meeting of Stockholders for Sale of Substantially All of Its Assets for $30.0 MillionPress Release | 09/29/2020
Fort Worth, TX, Sept. 29, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Water Now, Inc. (OTC QB: WTNW) today announced that the Special Meeting of Stockholders to, among other things, approve the sale of substantially all of its assets to RigMax H20, LLC for a total purchase price of $30.0 million in cash, subject to certain adjustments and credits, has been set for November 25, 2020. The meeting will be held at 10:00AM Central time at the offices of the company located at 5000 South Freeway, Suite 110, Fort Worth, Texas 76115.
Stockholders of record at the close of business on October 9, 2020 will be entitled to vote at the Special Meeting.
The sale is subject to certain customary closing conditions and approval from our stockholders. The transaction is targeted to close on the date of the Special Meeting of Shareholders.
