Freenome (FRNM) Proxy filing summary

Executive summary

• An extraordinary general meeting is called to vote on extending the deadline to complete a business combination from June 13, 2026 to June 13, 2027, and to allow adjournment if necessary.

• The extension is sought to provide more time to finalize a previously announced business combination with Freenome Holdings, Inc., though completion is not guaranteed.

• If the extension is not approved and no business combination is completed by the original deadline, the company will liquidate and redeem public shares.

• Shareholders may redeem their shares for a pro rata portion of the trust account, with the redemption price estimated at $10.78 per share as of May 1, 2026.

• The board unanimously recommends voting in favor of both proposals.

Voting matters and shareholder proposals

• Proposal 1: Amend the Memorandum and Articles of Association to extend the business combination deadline by one year.

• Proposal 2: Adjourn the meeting if there are insufficient votes or excessive redemptions threaten Nasdaq listing requirements.

• Approval of Proposal 1 requires a two-thirds majority; Proposal 2 requires a simple majority.

• Only these two proposals will be considered at the meeting; no director elections or other matters are on the agenda.

Board of directors and corporate governance

• The board, including initial shareholders holding 22.1% of voting power, intends to vote all their shares in favor of both proposals.

• The sponsor and directors have waived redemption rights for their shares and will not participate in liquidation distributions.

• The sponsor is affiliated with Perceptive Advisors, a major life sciences investment firm.