Stockholders also approved a number of related proposals, including a proposal to change the combined company's name to Smart Balance, Inc., as well as the company's proposed stock incentive plan for employees.
Of the 11,439,610 eligible common shares voted at the meeting (representing 89.6% of shares entitled to vote on the merger proposal), 99.9% voted in favor of the acquisition, with only 500 shares abstaining from the vote. No holders of shares issued in the company's initial public offering voted against the acquisition and none elected to have such shares converted into a pro rata portion of the IPO trust account.