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BRIEF-Telenav reaches agreement with Nokomis Capital
2017年8月24日 / 晚上9点35分 / 1 个月前

BRIEF-Telenav reaches agreement with Nokomis Capital

Aug 24 (Reuters) - Telenav Inc

* Telenav reaches agreement with Nokomis Capital

* Telenav Inc - ‍ Telenav has entered into an agreement with Nokomis, which owns approximately 10.3% of Telenav’s outstanding shares​

* Telenav Inc - ‍ under terms of agreement, Nokomis has agreed to customary standstill and voting commitments​

* Telenav Inc - ‍in connection with agreement, Joseph M. Zaelit will retire from Telenav’s board of directors, on certain conditions​

* Telenav Inc - ‍Telenav and Nokomis also agreed to search for an additional independent director to be appointed as a class III director​

* Telenav-Co,Nokomis agreed,to extent independent director not identified by earlier of 2017 annual meeting,Brett Hendrickson to be appointed class III director ​ Source text for Eikon: Further company coverage:

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