Microvast Holdings Files Definitive Proxy Statement

TL;DR

MVST proxy statement filed, shareholders vote on directors & auditors soon.

AI Summary

Microvast Holdings, Inc. filed its definitive proxy statement on August 29, 2024, for its annual meeting of stockholders. The filing covers the fiscal year ending December 31, 2023, and outlines proposals to be voted on by shareholders, including the election of directors and the ratification of its independent registered public accounting firm.

Why It Matters

This filing provides shareholders with crucial information regarding corporate governance and upcoming voting matters, allowing them to make informed decisions about the company's direction.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) that provides information to shareholders and does not inherently introduce new financial risks.

Key Players & Entities

• Microvast Holdings, Inc. (company) — Registrant
• Tuscan Holdings Corp. (company) — Former Company Name

FAQ

Key Financial Figures

• $1 — below the minimum closing bid price of $1 per share during the previous 30 consec
• $1.235 b — total annual gross revenue of at least $1.235 billion, or (c) the last day of the fisca
• $700 million — that is held by non-affiliates exceeds $700 million as of the prior June 30 and (2) the dat
• $1.0 billion — date on which we have issued more than $1.0 billion in non-convertible debt during the prio

Filing Documents

• mvst-2024proxystatementdef.htm (DEF 14A) — 405KB
• image_1a.jpg (GRAPHIC) — 3KB
• image_2.jpg (GRAPHIC) — 3KB
• microvastholdingsinc_prxyxb.jpg (GRAPHIC) — 97KB
• microvastholdingsinc_prxyxc.jpg (GRAPHIC) — 36KB
• 0001760689-24-000033.txt ( ) — 597KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 24 DIRECTOR COMPENSATION 31 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 33

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 35 AUDIT COMMITTEE REPORT 36 OTHER MATTERS 37 REQUIREMENTS FOR SUBMISSION OF STOCKHOLDER PROPOSALS FOR THE ANNUAL 2024 MEETING 37 NOTE REGARDING THE BUSINESS COMBINATION On July 23, 2021, we consummated the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated February 1, 2021, by and among Tuscan Holdings Corp. ("Tuscan"), Microvast, Inc. ("Legacy Microvast") and TSCN Merger Sub Inc. ("TSCN Merger Sub"). Pursuant to the Merger Agreement, TSCN Merger Sub merged with and into Legacy Microvast, with Legacy Microvast being the surviving corporation and becoming a wholly-owned subsidiary of Tuscan (the "Business Combination"). In connection with the Business Combination, we changed our name from Tuscan Holdings Corp. to "Microvast Holdings, Inc.". Unless otherwise indicated or the context otherwise requires, all references in this proxy statement to the "Company," "we," "us," "our" and "Microvast" refer to Microvast Holdings, Inc. and its consolidated subsidiaries following the Business Combination, other than certain historical information which refers to the business of Legacy Microvast or Tuscan prior to the consummation of the Business Combination. Microvast Holdings, Inc. 12603 Southwest Freeway, Suite 300 Stafford, Texas 77477 PROXY STATEMENT FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON OCTOBER 18, 2024 GENERAL INFORMATION This proxy statement ("Proxy Statement") is being furnished in connection with the solicitation of proxies by the board of directors (the "Board") of Microvast Holdings, Inc. (the "Company," "Microvast," "we," "our," "us" and similar terms) on the Company's behalf for use at the 2024 Annual Meeting of Stockholders to be held at virtually on Friday, October 18, 2024 at 900 a.m. Central Time, and any continuation, postponement or adjournment thereof (the "2024 Annual Meeting"). We e

View Full Filing

View this DEF 14A filing on SEC EDGAR