What is a Voluntary Corporate Action?

[bob2007]

"We're letting you know that this security you are holding is affected by a voluntary corporation action event. tender purchase offer. If you choose to participate you must contact us."


ticker: DWAC
cutoff: 12/02/2022

 

[Overnight]

"We're letting you know that this security you are holding is affected by a voluntary corporation action event. tender purchase offer. If you choose to participate you must contact us."


ticker: DWAC
cutoff: 12/02/2022

Sounds something like the company is agreeing to be acquired, and are offering you the option of selling your shares now, or being converted into the new combined company shares. Why not ask your broker? Or better yet, the company investor hotline of the company you own?

 

[bob2007]

Thanks. Correction ticker was dcrc

 

[ph1l]

Thanks. Correction ticker was dcrc

They want you to cast your vote for their Special Meeting.
https://finance.yahoo.com/news/decarbonization-plus-acquisition-corporation-iii-213900695.html

The Special Meeting to approve the pending business combination and related matters is scheduled to be held on December 7, 2021 at 10:00 a.m. Eastern Time. The Special Meeting will be conducted completely virtually and can be accessed via live webcast at https://www.cstproxy.com/decarbonizationplusacquisitioniii/2021. If the proposals at the Special Meeting are approved, the parties anticipate that the business combination will close and the trading of the combined entity will commence on the Nasdaq Global Select Market shortly thereafter, subject to the satisfaction or waiver, as applicable, of all other closing conditions.


The DCRC Board of Directors believes the proposed business combination is in the best interests of DCRC and its stockholders, and recommends that DCRC stockholders vote "FOR" the adoption of the Business Combination Agreement and Plan of Reorganization, dated as of June 15, 2021 (as amended by the First Amendment to the Business Combination Agreement dated October 12, 2021), by and among DCRC, DCRC Merger Sub Inc., a wholly owned subsidiary of DCRC, and Solid Power, as well as all other proposals included in the Proxy Statement.

Every stockholder's vote is important, regardless of the number of shares held. Accordingly, DCRC requests that each stockholder as of the record date complete, sign, date and return a proxy card (online or by mail) as soon as possible and by no later than 11:59 p.m. Eastern Time on December 6, 2021, to ensure that the stockholder's shares will be represented at the Special Meeting. Stockholders that hold shares in "street name" (i.e. those stockholders whose shares are held of record by a broker, bank or other nominee) should contact their broker, bank or nominee to provide instructions on how to vote their shares and ensure that their shares are voted.

 

[bob2007]

Thanks so much , I googled and couldnt' find.

 

[jharmon]

RTFM!
(Read the filings, man!)
https://www.sec.gov/edgar/searchedgar/companysearch.html

Further hint: You've got holdings in a SPAC. What did you think they were going to do?

 

[Overnight]

RTFM!
(Read the filings, man!)...

Haha all lies! We know what you truly meant by RTFM (Read The Fucking Manual).

 

[Conjumeena]

There are two primary types of corporate action - mandatory and voluntary. A mandatory action is initiated by the company's board of directors. This could include, for example, mergers and stock splits. Shareholders don’t have to act on these actions but they’re affected as beneficiaries.
In contrast, a voluntary event occurs when shareholders elect to participate in the action. Here, the company can’t act without the shareholders' response. Examples of voluntary actions include events such as rights issues and open offers. So, that's all you need to know about this thing I guess. You can also apply to specialized services, for example, lawyers.

 

[jharmon]

SPAM ALERT:

There are two primary types of corporate action - mandatory and voluntary. A mandatory action is initiated by the company's board of directors. This could include, for example, mergers and stock splits. Shareholders don’t have to act on these actions but they’re affected as beneficiaries.
In contrast, a voluntary event occurs when shareholders elect to participate in the action. Here, the company can’t act without the shareholders' response. Examples of voluntary actions include events such as rights issues and open offers. So, that's all you need to know about this thing I guess. You can also apply to specialized services, for example, lawyers.

Nice cut and paste from other web sites.

Of course, you are completely wrong.

"Board of directors" don't get to decide on mergers.