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Good Works Acquisition Corp. ("Good Works") (NASDAQ:GWAC), a U.S. publicly-traded special purpose acquisition company, and Cipher Mining Technologies Inc. ("Cipher Mining" or the "Company"), a U.S.-based Bitcoin mining company, announced that at their special meeting held today (the "Special Meeting"), Good Works' shareholders voted to approve the previously announced proposed business combination between Good Works and Cipher Mining (the "Business Combination"), as well as all other proposals related to the Business Combination. Approximately 87.9% of the votes cast at the meeting, representing approximately 57.0% of Good Works' outstanding shares as of the record date, voted to approve the Business Combination.
Good Works plans to file the results of the Special Meeting, as tabulated by an independent inspector of elections, on a Form 8-K with the Securities and Exchange Commission (the "SEC") today.
The Business Combination is expected to close on August 26, 2021, subject to the satisfaction or waiver of certain other closing conditions. Upon closing, Cipher Mining's common stock and warrants are expected to begin trading on NASDAQ under the ticker symbols "CIFR" and "CIFRW", respectively.
Posted In: GWAC
