Mace Security Shareholders Approve Merger with W Electric Holdings

Mace Security International, Inc., a leader in personal safety solutions, announced that its shareholders have approved a merger with W Electric Intermediate Holdings, LLC. The approval was made during a special meeting on December 3, 2024. The merger involves Mace Merger Sub, Inc., a wholly-owned subsidiary of W Electric. The shareholders also appointed Charles A. Gaddis as the substitute Stockholders' Representative as per the merger terms. The finalization of this agreement is expected around December 6, 2024.

The consent given by shareholders marks a significant step in the company's strategic direction. However, as with all corporate mergers, there are risks involved. Mace Security emphasizes these uncertainties in its forward-looking statements, listing potential risks, including economic conditions and industry competition. The completion of the merger is a pivotal event for both entities involved, contingent on the resolution of these factors.