Cool Company Ltd (NYSE: CLCO) announced a record date of November 13, 2025, for a special meeting of shareholders to vote on the proposed merger with a wholly owned subsidiary of EPS Ventures Ltd. Shareholders on record at the close of business on this date will receive notice of the meeting and be eligible to vote.
Details regarding the meeting's specific date will be shared later. A notice and further information will be distributed using standard methods and will be available on the SEC and company websites.
CoolCo operates as a pure play in LNG Carrier businesses with a fleet of 13 vessels, engaging in short- and long-term charters with major oil and gas companies. They aim to enhance growth through acquisitions and consolidation in the LNG market while also reducing emissions by 10-15% through a fleet-wide emissions reduction target of 35% set for 2030.
#Investor Takeaway
The scheduled shareholder meeting signals important developments regarding CoolCo's merger strategy.
#Market Impact
Investors should monitor potential shifts in share performance as the merger discussions unfold. The anticipated transaction could influence shareholder sentiment and liquidity in CoolCo’s stock.
#What’s Next
Investors should watch for the official announcement of the special meeting date and the details surrounding the merger proposal filings with the SEC.