MGO Global Stockholders Approve Business Combination with Heidmar at Special Meeting

MGO Global Inc. (NASDAQ: MGOL) successfully conducted a Special General Meeting of Stockholders on Friday, February 14, 2025, to approve the business combination with Heidmar, Inc. The meeting, which was held via live interactive webcast, saw the approval of key proposals related to the merger.

During the meeting, stockholders considered and approved all proposals outlined in the notice of meeting and preliminary proxy statement. The total voting power represented by the record date holders, consisting of 1,702,643 shares of Common Stock, accounted for approximately 58.63% of the voting securities eligible for the meeting.

Key proposals including the adoption of the Business Combination Agreement and the adjournment of the Special Meeting were both approved by the stockholders present. The affirmative vote of a majority of the outstanding shares of Common Stock was required for the proposals to pass, which was achieved.

Following the closing of the Business Combination, anticipated to occur next week, the combined entity will operate under the name Heidmar Maritime Holdings Corporation (Holdings). The ordinary shares of Holdings are expected to trade on The Nasdaq Capital Market under the ticker symbol “HMR”. Until the transition is complete, MGO’s Common Stock will continue to trade under the ticker symbol “MGOL”.

In conjunction with the meeting, a press release was issued jointly by MGO Global and Heidmar, announcing the approval of the Business Combination by MGO stockholders. The full details of the Business Combination Agreement and the execution particulars are available in the related exhibit filings with the U.S. Securities and Exchange Commission.

Maximiliano Ojeda, CEO of MGO Global, expressed gratitude towards the stockholders for their overwhelming approval of the transaction, citing it as a significant milestone for both companies. The post-merger entity, Heidmar Maritime Holdings Corporation, is set to continue operations globally, providing enhanced services in the maritime sector.

The complete details of the Special Meeting and further developments concerning the Business Combination are set to be disclosed in a Form 8-K filing with the SEC. This comprehensive document will provide investors and stakeholders with a detailed account of the proceedings and outcomes of the meeting.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read MGO Global’s 8K filing here.

MGO Global Company Profile

MGO Global, Inc operates as a lifestyle brand portfolio company. The company is involved in the fashion design, brand development and management, sourcing and manufacturing, licensing, IP protection, corporate finance, consumer engagement and experience, ecommerce, and retail sales and marketing activities related to the Messi brand.