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Tortoise Acquisition Corp. II (NYSE:SNPR) ("TortoiseCorp II"), a publicly-traded special purpose acquisition company, today announced that its shareholders voted to approve the previously announced business combination with Volta Industries, Inc. ("Volta Charging"), an industry leader in commerce-centric electric vehicle ("EV") charging networks with over 1,700 EV chargers across 24 territories and states, and all other proposals presented at TortoiseCorp II's extraordinary general meeting of shareholders (the "Extraordinary General Meeting") held on August 25, 2021.
Approximately 96% of the votes cast on the business combination proposal at the Extraordinary General Meeting were in favor of approving the business combination. TortoiseCorp II plans to file the results of the Extraordinary General Meeting, as tabulated by an independent inspector of election, in a Current Report on Form 8-K with the U.S. Securities and Exchange Commission (the "SEC") today.
Subject to the satisfaction or waiver of the other customary closing conditions, the business combination is expected to close on August 26, 2021. Following closing, TortoiseCorp II will change its name from "Tortoise Acquisition Corp. II" to "Volta Inc." and its common stock and warrants are expected to begin trading on the New York Stock Exchange under the ticker symbols "VLTA" and "VLTA WS," respectively, on August 27, 2021.
Posted In: SNPR
