VASO Corp Files 8-K: Voting, Other Events, Financials

TL;DR

VASO Corp filed an 8-K on Sept 10th covering votes, other events, and financials.

AI Summary

VASO Corporation filed an 8-K on September 10, 2024, reporting on matters submitted to a vote of security holders, other events, and financial statements/exhibits. The filing indicates a change in the company's reporting status and includes historical information about former company names and name changes dating back to 1992.

Why It Matters

This 8-K filing provides updates on corporate actions and financial reporting for VASO Corporation, which can impact investor understanding of the company's current status and governance.

Risk Assessment

Risk Level: low — The filing is a routine corporate disclosure and does not appear to contain immediate negative news or significant financial events.

Key Players & Entities

• VASO Corporation (company) — Registrant
• 000-18105 (company) — Commission File Number
• 11-2871434 (company) — I.R.S. Employer Identification No.
• September 10, 2024 (date) — Date of earliest event reported

FAQ

Filing Documents

• ea0214067-8k425_vaso.htm (8-K) — 37KB
• 0001213900-24-077416.txt ( ) — 206KB
• vaso-20240910.xsd (EX-101.SCH) — 3KB
• vaso-20240910_lab.xml (EX-101.LAB) — 33KB
• vaso-20240910_pre.xml (EX-101.PRE) — 22KB
• ea0214067-8k425_vaso_htm.xml (XML) — 3KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders As previously announced, on December 6, 2023, Vaso Corporation, a Delaware corporation (" Vaso ") entered into a definitive business combination agreement (the " Business Combination Agreement "), by and among Vaso, Achari Ventures Holdings Corp. I (" Achari "), and Achari Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Achari. Pursuant to the Business Combination Agreement, the parties have agreed to consummate certain transactions (collectively, the " Business Combination "), subject to the terms and conditions of the Business Combination Agreement. On August 8, 2024, in connection with the Business Combination, Vaso filed with the U.S. Securities and Exchange Commission (the " SEC ") a definitive proxy statement on Schedule 14-A (the " Proxy Statement "), and Vaso commenced mailing the Proxy Statement on August 12, 2024. On September 10, 2024, Vaso held an special meeting of its stockholders (the " Special Meeting "), at which stockholders holding 129,015,962 shares of common stock held of record as of July 15, 2024, the record date for the Special Meeting, were present or by proxy, representing 73.6% of the voting power of Vaso's common stock as of the record date for the Special Meeting, and constituting a quorum for the transaction of business. The proposals listed below are described in more detail in the Proxy Statement. A summary of the voting results at the Special Meeting are set forth below: The stockholders approved the Business Combination Proposal, the Director Election Proposal, and the Ratification Proposal (each as defined in the Proxy Statement, and collectively, the " Business Combination Proposals "). The voting results for each of the Business Combination Proposals were as follows: Proposal No. 1: The Business Combination Proposal For Against Abstain Broker Non-Votes 125,596,668 3.345,378 73,916 0 Proposal No. 2: The Director Election Pro

01 Other Events

Item 8.01 Other Events Based on the results of the Special Meeting, and subject to the satisfaction or waiver of certain other closing conditions as described in the Proxy Statement, the transactions contemplated by the Business Combination Agreement (the " Transactions ") are expected to be consummated promptly. Following the consummation of the Transactions, the common stock of Vaso after the completion of the Business Combination is expected to begin trading on the Nasdaq Stock Market LLC (the " Nasdaq ") under the ticker symbol "VASO" and the warrants of Vaso after the completion of the Business Combination are expected to trade on the Nasdaq under the ticker symbol "VASOW." 1

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K ("Current Report") may include, and oral statements made from time to time by representatives of the Company may include, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding the approval of certain proposals at the Special meeting or the implementation of the Extension Proposals, possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this Current Report are forward-looking statements. When used in this Current Report, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to us or our management team, identify forward-looking available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. The Company undertakes no obligation to update these statements for revisions or changes after the date of this Current Report, except as required by law.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE 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. Dated: September 10, 2024 VASO CORPORATION By: /s/ Jun Ma Name: Jun Ma Title: Chief Executive Officer and President 3

View Full Filing

View this 8-K filing on SEC EDGAR