Attached files
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EX-10.1 - AMENDMENT NO. 1 TO INVESTMENT MANAGEMENT TRUST AGREEMENT, DATED JULY 27, 2017, B - Code Chain New Continent Ltd | f8k072717ex10i_jmglobal.htm |
EX-3.1 - AMENDMENT TO AMENDED AND RESTATED CERTIFICATE OF INCORPORATION - Code Chain New Continent Ltd | f8k072717ex3i_jmglobal.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 28, 2017 (July 27, 2017)
_________________
JM GLOBAL HOLDING COMPANY
(Exact name of registrant as specified in its charter)
Delaware | 001-37513 | 47-3709051 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) |
1615 South Congress Avenue Suite 103 Delray Beach, Florida |
33445 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (561) 900-3672
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
On July 27, 2017, in connection with the Meeting (as defined below), JM Global Holding Company (the “Company”) entered into the Amendment to Trust Agreement (as defined below) with Continental Stock Transfer & Trust Company (“Continental”), pursuant to which the date on which to commence liquidation of the trust account (the “Trust Account”) established in connection with the Company’s initial public offering was extended from July 29, 2017 to January 29, 2018. A copy of the Amendment to Trust Agreement is attached as Exhibit 10.1 hereto and is incorporated by reference herein.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On July 27, 2017, in connection with the Meeting, the Company filed with the Secretary of State of Delaware the Company’s Amendment to the Amended and Restated Certificate of Incorporation, a copy of which is attached as Exhibit 3.1 hereto and is incorporated by reference herein.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On July 27, 2017, the Company held a special meeting of stockholders (the “Meeting”). At the Meeting, the Company’s stockholders approved the following items: (i) an amendment to the Company’s Amended and Restated Certificate of Incorporation extending the date by which the Company must consummate its initial business combination and the date for cessation of operations of the Company if the Company has not completed an initial business combination from July 29, 2017 to January 29, 2018 or such earlier date as determined by the Board of Directors of the Company (the “Extension Amendment Proposal”), (ii) an amendment (the “Amendment to Trust Agreement”) to the Investment Management Trust Agreement (the “Trust Agreement”) between the Company and Continental extending the date on which to commence liquidation of the Trust Account in accordance with the Trust Agreement, as amended by the Amendment to Trust Agreement, from July, 29, 2017 to January 29, 2018 (the “Trust Amendment Proposal”) and (iii) the adjournment of the Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for the approval of the Extension Amendment Proposal and the Trust Amendment Proposal (the “Adjournment Proposal”).
Set forth below are the final voting results for each of the proposals:
(i) Approval of the Extension Amendment Proposal.
For | Against | Abstain | ||
6,448,854 | 100,000 | 0 |
(ii) Approval of the Trust Amendment Proposal.
For | Against | Abstain | ||
6,448,854 | 100,000 | 0 |
(iii) Approval of the Adjournment Proposal.
For | Against | Abstain | ||
6,445,854 | 103,000 | 0 |
Shareholders holding 963,112 public shares exercised their right to redeem such public shares into a pro rata portion of the Trust Account. As a result, an aggregate of approximately $9.6 million (or $10.00 per share) was removed from the Trust Account to pay such holders.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 28, 2017
JM GLOBAL HOLDING COMPANY | ||
By: | /s/ Tim Richerson | |
Name: Tim Richerson | ||
Title: Chief Executive Officer |