Midwest Holding’s shareholders approve merger agreement

Midwest Holding announced that at a special meeting of stockholders held earlier today, its shareholders approved the previously announced merger agreement whereby an affiliate of international investment firm Antarctica Capital will acquire Midwest for $27.00 per share in cash. According to final results from the Special Meeting, approximately 69% of the outstanding shares voted in favor of the transaction, representing more than 99% of the votes cast. The transaction is expected to close in the second half of 2023, subject to certain customary closing conditions, including the receipt of remaining insurance regulatory approvals.