Special Purpose Acquisition Co

[steeledge]

AXG/AXG+ PR'd an effort to shore up enough votes. Who in their right mind would vote against this deal? sheesh

Atlas Acquisition announces actions relating to securing stockholder approval of business combination with select staffing (AXG) 9.55 : The co announces it had been advised that its founding stockholders (including James Hauslein and Gaurav Burman) and the Sorensen Family Trust (the "Sorensen Trust"), the principal beneficial owner of Koosharem, a California limited liability company that does business as "Select Staffing," are negotiating arrangements with holders of shares of Atlas common stock and warrants as part of their efforts to secure stockholder approval of Atlas' proposed business combination with Select Staffing. In addition, Atlas announced that it has been advised that its founders and the Sorensen Trust are negotiating with potential buyers of shares of common stock of Atlas who will agree to vote in favor of the proposed business combination. The purpose of such arrangements would be to increase the likelihood that holders of a majority of the shares of Atlas common stock issued in its initial public offering (the "public shares") vote in favor of the Select Staffing business combination and that holders of less than 30% of the public shares demand conversion of their public shares into cash.