JC Data Solutions, Inc. announced that its shareholders have voted to approve the proposed merger with a subsidiary of TerraData.ai.
Approval of the merger required the affirmative vote of holders of a majority of JCDS’s outstanding shares entitled to vote. Approximately 59% of the outstanding shares of common stock (including preferred stock on an as converted basis) of JCDS as of the record date were voted at the special meeting. Of the shares that were voted, approximately 59% voted in favor of the merger and less than 1% voted against the merger. JCDS’s shareholders also voted to approve the certificate of amendment, which was a condition to closing of the merger.
Upon consummation of the merger, JCDS shareholders (except for JCDS shareholders who have properly exercised rights of dissent and appraisal) will receive $0.0012 in cash for each share of JCDS common stock and JCDS will become a private, wholly owned subsidiary of TerraData.ai. The transaction is expected to close on July 6, 2021.
About JC Data Solutions
JC Data solutions has been a leader in the funds and document distribution industry. Their premier service, Payment Manager, has saved Oil & Gas companies thousands and thousands of dollars – all while improving and streamlining their funds distribution process.
Mineral Answers, Inc. (DBA TerraData.ai) is a technology company focused on aggregating real property information to provide models, insights and highly configurable visualizations, specializing in real property, oil and gas and alternative energy information.