Take a look at the December 3 ballot: 3 p.m. Central Time, at Giga Texas and online. Only people on the books at the close of business on October 13 are eligible to vote. Three proposals: reelect three directors, cast an advisory vote on 2025 executive compensation, and reappoint the auditor. Turn it over, and there’s no merger item there either. $ZEC
Tesla’s October 19 proxy statement is unequivocal: any combination would first need a recommendation from the special committee of disinterested directors, then the necessary shareholder approval. It also says there is no guarantee that any transaction will be completed. It’s even more complicated on SpaceX’s side: approval is needed at three levels—the special committee, the board, and the controlling shareholder—and the filing explicitly says no decision has been made. On October 20, Musk said on the earnings call that a merger was a good idea, then added that the two committees hadn’t reached an agreement. $ETH
The awkward part is the people involved. Three of Tesla’s nine directors have ties to SpaceX: Ira Ehrenpreis joined SpaceX’s board in February this year and also chairs Tesla’s compensation and nominating and corporate governance committees; Kimbal Musk sits on SpaceX’s board too. Related-party transactions are supposed to be reviewed by directors without conflicts of interest, which sharply narrows the pool of people who can weigh in. $BNB
And there’s an old score to settle. In 2025, a proposal to eliminate the supermajority voting rule received participation from 73.6% of shareholders, with 39.4% voting in favor—not enough to pass.
So the claim that a deal could be “announced as early as December” refers to holding a separate vote outside the annual meeting. The result would be reported on an 8-K within four business days after the meeting. None of the three items on the ballot has anything to do with a merger. I checked the attachments: the shareholder-proposal section is empty, but a new voluntary retail voting program has been added. After clearing the SEC hurdle in September, retail investors can preselect either to vote all shares in line with the board, or to follow the board except on special matters. The filing defines special matters as acquisitions, mergers, and divestitures that require shareholder approval. This standing instruction does not apply to the December 3 meeting; it takes effect starting with the next meeting.
Personal opinion only, not investment advice. You are responsible for your own gains and losses.
#SpaceX与特斯拉合并谈判涉30220枚比特币
Tesla’s October 19 proxy statement is unequivocal: any combination would first need a recommendation from the special committee of disinterested directors, then the necessary shareholder approval. It also says there is no guarantee that any transaction will be completed. It’s even more complicated on SpaceX’s side: approval is needed at three levels—the special committee, the board, and the controlling shareholder—and the filing explicitly says no decision has been made. On October 20, Musk said on the earnings call that a merger was a good idea, then added that the two committees hadn’t reached an agreement. $ETH
The awkward part is the people involved. Three of Tesla’s nine directors have ties to SpaceX: Ira Ehrenpreis joined SpaceX’s board in February this year and also chairs Tesla’s compensation and nominating and corporate governance committees; Kimbal Musk sits on SpaceX’s board too. Related-party transactions are supposed to be reviewed by directors without conflicts of interest, which sharply narrows the pool of people who can weigh in. $BNB
And there’s an old score to settle. In 2025, a proposal to eliminate the supermajority voting rule received participation from 73.6% of shareholders, with 39.4% voting in favor—not enough to pass.
So the claim that a deal could be “announced as early as December” refers to holding a separate vote outside the annual meeting. The result would be reported on an 8-K within four business days after the meeting. None of the three items on the ballot has anything to do with a merger. I checked the attachments: the shareholder-proposal section is empty, but a new voluntary retail voting program has been added. After clearing the SEC hurdle in September, retail investors can preselect either to vote all shares in line with the board, or to follow the board except on special matters. The filing defines special matters as acquisitions, mergers, and divestitures that require shareholder approval. This standing instruction does not apply to the December 3 meeting; it takes effect starting with the next meeting.
Personal opinion only, not investment advice. You are responsible for your own gains and losses.
#SpaceX与特斯拉合并谈判涉30220枚比特币
