Dropsuite (ASX:DSE) said its shareholders approved the acquisition of the firm by NinjaOne Australia via a scheme of arrangement, according to a May 9 Australian bourse filing.

The company said 99.9% of the votes cast by its shareholders at the general scheme meeting were in favor of the acquisition.

Dropsuite said it will now seek approval of the scheme from the Federal Court of Australia on Wednesday, May 14.

If approved, Dropsuite will file the court orders with the Australian Securities and Investments Commission.

The company's shares are expected to be suspended from trading at market close on May 14.