Global Defense & National Security Systems, Inc. announces stockholder approval of transaction with STG Group Inc.
Global Defense & National Security Systems Inc. (“GDEF” or the “Company”), a special purpose acquisition company focused on the U.S. defense and national security sector and based in Reston, VA, announced on November 17 that at a Special Stockholder Meeting held on 13 November 2015 its stockholders approved the previously announced business combination with STG Group, Inc. (“STG”), a leading provider of cyber, software and intelligence solutions to the U.S. government, as well as the other matters presented at the special meeting for stockholder approval. The Company and STG are now working towards closing.
In connection with the special meeting, holders of approximately 2,109,904 shares of common stock issued in the Company’s initial public offering requested redemption, which will be effected in connection with closing the transaction with STG.
Source: Global Defense & National Security Systems, Inc.