CC Neuberger Principal Holdings II shareholders voted in favor of merging with with Getty Images.
There was no mention of redemptions in either the press release or an 8-K filing outlining details of the vote.
The deal was valued at $4.8 billion at announcement in January, with total equity investment of about $1.2 billion. In addition to its trust, the SPAC brought a $300 million backstop into the deal, with further support from a $200 million forward purchase agreement provided by an affiliate of the CC Neuberger sponsor and $150 million in PIPE financing.
The business combination is expected to close Friday. Getty Images Holdings stock and warrants are expected to begin trading on the NYSE on July 25 under the symbols GETY and GETY WS. Read more.
