Applied Nanotech Holdings, Inc. Shareholders Vote Approval to Become PEN Inc.
Two Leading Companies Combine to Commercialize Advanced Products Enabled by Nanotechnology; Special Shareholder Meeting Reports Preliminary Voting Results
Applied Nanotech Holdings, Inc. (OTCQB: APNT) (Applied Nanotech), a global leader in nanotechnology research and development, today announced that a majority of APNT shareholders have approved the proposed combination with NanoHolding Inc., the parent company of Nanofilm, Ltd. (Nanofilm), a private company with a leading market position for specialty optical coatings, cleaners and nano-composite products. The combination will create a new publicly traded company called PEN Inc.
The approval of the combination proposal was announced during the special shareholder meeting held today in Dallas based on preliminary vote results. The transaction is expected to close next week.