| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Milestone advances process ahead of the special meeting of Shyft shareholders on June 17, 2025
NOVI, Mich., May 14, 2025 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF) ("Shyft"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service markets, today announced that (i) the U.S. Securities and Exchange Commission ("SEC") declared effective, as of May 13, 2025, the registration statement on Form S-4 filed by Aebi Schmidt Group ("Aebi Schmidt") and (ii) on May 14, 2025, Shyft filed with the SEC a definitive proxy statement on Form DEFM14A, in each case, in connection with the previously announced proposed merger between Shyft and an indirect subsidiary of Aebi Schmidt.
The definitive proxy statement provides important information for Shyft shareholders ahead of the upcoming special meeting of Shyft shareholders where Shyft shareholders of record as of May 13, 2025 will have an opportunity to vote to adopt and approve the proposed merger. The effective registration statement and the definitive proxy statement also include pro forma combined U.S. GAAP financial results for 2024, reflecting approximately $1.9 billion in revenue and $148 million in adjusted EBITDA for the combined business.
Shyft shareholders of record as of May 13, 2025, will be entitled to vote to adopt and approve the proposed merger at a special shareholder meeting scheduled for June 17, 2025. The transaction is expected to close in mid-2025, subject to shareholder approval and the satisfaction of customary closing conditions. Upon completion, the combined company will operate under the name "Aebi Schmidt Group" and be listed and traded on NASDAQ under the ticker symbol "AEBI."
Posted In: SHYF
