SpaceX Filing Requires Controlling Shareholder Approval for Potential Tesla Deal
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SpaceX disclosed that a potential combination with Tesla would need approval from its special committee, board and controlling shareholder, adding a controller approval condition as the companies assess a possible deal. SpaceX’s Oct. 22 Form 10-Q said its special committee had not reached a determination. The company also said there was no assurance the two companies would reach an agreement or complete a transaction. The committee could decide against recommending a combination. SpaceX disclosed on Oct. 20 that its board had formed a special committee to assess a potential combination, while Tesla’s board also formed a committee. The Oct.
Source: TokenPost
