8-K 1 f8k080219_pensareacqui.htm 8-K




Washington, D.C. 20549






Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of report (Date of earliest event reported): August 6, 2019 (July 31, 2019)


Pensare Acquisition Corp.
(Exact Name of Registrant as Specified in Charter)




Delaware 001-38167 81-2402421
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation)   Identification Number)


1720 Peachtree Street, Suite 629  
Atlanta, GA 30309
(Address of principal executive offices) (Zip code)

(404) 234-3098
(Registrant’s telephone number, including area code)


Not Applicable
(Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).


Emerging growth company ☒


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one share of Common Stock, one Right and one Warrant   WRLSU   The Nasdaq Stock Market LLC
Common Stock, par value $0.001 per share   WRLS   The Nasdaq Stock Market LLC
Rights, exchangeable into one-tenth of one share of Common Stock   WRLSR   The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50   WRLSW   The Nasdaq Stock Market LLC





Item 5.07. Submission of Matters to a Vote of Security Holders.

On July 31, 2019, Pensare Acquisition Corp. (the “Company”) held a special meeting of stockholders (the “Meeting”). At the Meeting, the stockholders approved an amendment (the “Charter Amendment”) to the Company’s amended and restated certificate of incorporation to extend the date by which the Company has to consummate a business combination (the “Extension”) for an additional four months, from August 1, 2019 to December 1, 2019. The affirmative vote of at least a majority of the outstanding shares of the Company’s common stock was required to approve the Charter Amendment. The purpose of the Charter Amendment is to allow the Company more time to complete its proposed business combination pursuant to the Business Combination Agreement, dated as of July 24, 2019, by and among the Company, Tango Merger Sub Corp., Stratos Management Systems, Inc., and Stratos Management Systems Holdings, LLC. Following redemptions of 5,754,273 of the shares of Company’s common stock in connection with the Extension, a total of approximately $3.2 million will remain in the Company’s trust account.

Set forth below are the final voting results for the Charter Amendment proposal:

Charter Amendment

The Charter Amendment was approved. The voting results of the shares of the Company’s common stock were as follows:

For     Against     Abstentions      
  11,297,309       886,001       0      


Item 9.01.Financial Statements and Exhibits.

(d)       Exhibits.

Exhibit No.   Description
99.1   Amendment to Amended and Restated Certificate of Incorporation of Pensare Acquisition Corp., dated July 31, 2019






Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




  By:     /s/ Darrell J. Mays
  Name: Darrell J. Mays
Title: Chief Executive Officer


Date: August 6, 2019