Vital Therapies Reminds Stockholders to Vote For the Proposed Business Combination With Immunic AG
27 3월 2019 - 7:00PM
Vital Therapies, Inc. (VTL) would like to thank its stockholders
for their support of the proposed business combination with Immunic
AG and remind those stockholders that have not yet voted to vote
without delay
“FOR” the business combination and
the other proposals in the Company’s proxy statement/prospectus for
the special meeting of its stockholders to be held on April 4, 2019
at 9:00 a.m. Pacific Time.
“The overwhelming majority of Vital Therapies stockholders who
have submitted their votes have voted in favor of the
transaction. However, more votes are needed to meet the
required threshold for the business combination to be completed,”
stated Duane Nash, President and Chief Executive Officer of Vital
Therapies.
“Vital Therapies has more than 14,000 stockholders and many of
them hold relatively small positions. For the business combination
to go forward, it is necessary also for stockholders with smaller
positions to submit their votes in favor of the proposals. Larger
stockholders cannot carry this forward alone,” continued Dr. Nash.
“I encourage everyone who owned Vital Therapies shares on February
15, 2019 the record date for this meeting, to exercise their right
to vote and help make this business combination with Immunic AG
come to fruition, as has been unanimously recommended by
independent proxy advisors, ISS and Glass Lewis, and the boards of
directors of both companies.”
Vital Therapies stockholders should note that the exchange
proposal (Proposal 1), the change in control proposal (Proposal 2),
the name change proposal (Proposal 3) and the reverse stock split
proposal (Proposal 4) must all be approved for the business
combination to be completed. If any of those
proposals is not approved, the transaction will not go
forward. In addition, Proposals 3 and 4 must be
approved by a majority of Vital Therapies' outstanding common stock
as of the record date, so every vote in favor of these proposals is
extremely important no matter how many or how few shares you own.
Ownership of Vital Therapies shares is widely dispersed, and it is
therefore important to have as many of the Vital Therapies
stockholders as possible vote regardless of the number of shares
owned. Not voting is the same as voting “AGAINST” the
transaction.
THE BUSINESS COMBINATION WILL NOT GO
FORWARD UNLESSTHE EXCHANGE, CHANGE IN CONTROL,
NAME CHANGE AND REVERSE STOCK SPLITPROPOSALS ARE
ALL APPROVED.
VITAL THERAPIES stockholders – Please
vote TODAY!
Failure to vote or an abstention from voting will have the same
effect as a vote “AGAINST” the business combination and related
proposals. All stockholders are asked to vote
“FOR” all proposals as soon as possible.
If you are a Vital Therapies stockholder and you have questions
or require assistance in submitting your proxy or voting your
shares, please contact the Company's proxy solicitor:
ADVANTAGE PROXY,
INC.Toll
Free: 1-877-870-8565Collect: 1-206-870-8565Email: ksmith@advantageproxy.com
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