Repare Therapeutics (NASDAQ: RPTX) holders OK sale plan and backup
Rhea-AI Filing Summary
Repare Therapeutics Inc. reported the results of a Special Meeting of shareholders held on January 16, 2026. Shareholders approved a special resolution for a plan of arrangement under Québec corporate law, under which Xeno Acquisition Corp. will acquire all of the issued and outstanding common shares, subject to the terms described in the company’s proxy statement.
The arrangement resolution passed with strong support, receiving 25,954,251 votes for and 58,162 against, with 4,811 abstentions, representing 99.76% of votes cast. Excluding votes required to be excluded under Multilateral Instrument 61-101, 25,879,894 votes for and 58,162 against, with 4,811 abstentions, also equaled 99.76% of votes cast.
Shareholders also approved, on an advisory non-binding basis, the compensation related to the transaction, with 25,846,791 votes for and 166,117 against. As a contingency if the arrangement were not approved or is later terminated, shareholders passed resolutions authorizing a potential voluntary liquidation and dissolution of the company and the possible appointment of KPMG LLP or another nationally recognized liquidator.
Positive
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Insights
Shareholders overwhelmingly back a full sale of Repare, with a contingent liquidation plan in place if the deal does not complete.
The Special Meeting results show very strong shareholder support for a plan of arrangement in which Xeno Acquisition Corp. will acquire all outstanding common shares of Repare Therapeutics Inc.. The arrangement resolution drew 25,954,251 votes for versus 58,162 against, or
In addition to approving the transaction structure, shareholders backed, on an advisory and non-binding basis, compensation tied to the arrangement, with 25,846,791 votes for and 166,117 against. They also approved contingency resolutions that would permit voluntary liquidation and dissolution, and the appointment of KPMG LLP or another nationally recognized liquidator, if the arrangement is not completed. These approvals provide a defined governance framework for either a successful closing of the sale or an orderly wind-down, depending on future developments.