TechStar Acquisition Corporation (7855) Issues EGM Proxy for De-SPAC Transaction and Merger Plans

Bulletin Express
Nov 12

TechStar Acquisition Corporation (Stock Code: 7855, Warrant Code: 4855) has issued a proxy form for Class B shareholders regarding an extraordinary general meeting (EGM) scheduled at 9:00 a.m. on Monday, December 1, 2025, at Unit No. 1506B, Level 15, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong.

The EGM will vote on several resolutions. First, there will be a resolution to approve a Business Combination Agreement dated December 20, 2024, supplemented on September 25 and November 6, 2025. This includes the proposed De-SPAC transaction, a bonus share issue, and PIPE investment agreements, as well as potential Permitted Equity Financing of up to HK$1,000,000,000 for the target company. Second, there will be a resolution to authorize withdrawal of the listing of TechStar’s Class A Shares on the Main Board of the Stock Exchange, subject to the De-SPAC transaction closing.

Two special resolutions will also be put to a vote. The first concerns approving the TechStar Plan of Merger, authorization of the merger with Merger Sub, and vesting all property, rights, and liabilities in TechStar as it becomes a subsidiary of Seyond Group. The second relates to approving and adopting the TechStar Private Company Memorandum and Articles at the merger’s effective time, replacing the existing TechStar Articles.

Class B shareholders must return proxy forms to TechStar’s branch share registrar in Hong Kong no later than 9:00 a.m. on Saturday, November 29, 2025. Attendance and voting at the EGM remain open to those who submit valid proxy forms before the deadline.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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