Current Report Filing (8-k)
August 28 2019 - 5:30PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): August 28, 2019
MODERN MEDIA ACQUISITION CORP.
(Exact Name of Registrant as Specified in Its Charter)
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Delaware
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001-38092
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47-1277598
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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3414 Peachtree Road, Suite 480
Atlanta, GA
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30326
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code: (404)
443-1182
None
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Units, each consisting of one share of common stock, one right and one-half of one warrant
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MMDMU
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Nasdaq Capital Market
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Common stock, par value $0.0001 per share
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MMDM
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Nasdaq Capital Market
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Rights, each exchangeable into one-tenth of one share of common stock
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MMDMR
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Nasdaq Capital Market
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Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share
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MMDMW
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Nasdaq Capital Market
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Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the
Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 5.07 Submission of Matters to a Vote of Security Holders.
On August 28, 2019, Modern Media Acquisition Corp. (the Company) held a special meeting of stockholders. At the meeting, the
Companys stockholders approved a proposal to adopt the Business Transaction Agreement, dated as of January 24, 2019 (as amended, the Business Transaction Agreement), which provides for a business combination between the
Company and Akazoo Limited, a private company limited by shares incorporated under the laws of Scotland (Akazoo), pursuant to which the Company and Akazoo will combine their respective businesses into Modern Media Acquisition Corp. S.A.,
a Luxembourg public limited company (société anonyme), to be renamed Akazoo S.A. upon consummation of the business combination.
The final voting results for the proposal are set forth below:
Proposal No. 1 to adopt the Business Transaction Agreement
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For
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Against
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Abstain
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6,202,402
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13,037
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315
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Item 7.01 Regulation FD Disclosure.
In connection with the vote to approve the adoption of the Business Transaction Agreement, stockholders elected to redeem an aggregate of
48,719 shares of the Companys common stock, par value $0.0001 per share (Common Stock). Pursuant to the Companys Second Amended and Restated Certificate of Incorporation, as amended, such shares will be redeemed for their pro
rata portion of the trust account upon consummation of the business combination. Giving effect to such redemptions, approximately 1,357,608 shares of Common Stock would remain issued and outstanding and approximately $14.0 million in cash would
remain in the Companys trust account.
The information in this Item 7.01 is being furnished and shall not be deemed
filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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MODERN MEDIA ACQUISITION CORP.
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Date: August 28, 2019
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By:
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/s/ Lewis W. Dickey, Jr.
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Name: Lewis W. Dickey, Jr.
Title: President and
Chief Executive Officer
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