Gentherm shareholders approves Modine business combination

• Gentherm (NASDAQ:THRM) shareholders approved proposals needed to complete the combination with Modine’s Performance Technologies business.
• About 99% of votes cast supported issuing Gentherm shares to Modine shareholders.
• The transaction is expected to close on October 1, 2026, subject to remaining closing conditions.

Gentherm (NASDAQ:THRM) shareholders approved the proposals required to complete the planned combination of Modine’s Performance Technologies business with Gentherm.

At a Special Meeting held September 10, 2026, approximately 99% of votes cast by Gentherm common shareholders supported issuing Gentherm shares to Modine (NYSE:MOD) shareholders.

Approximately 94% of outstanding Gentherm shares entitled to vote approved an amendment to increase the company’s authorized common shares, with final voting results to be reported in a Form 8-K filing with the SEC.

Gentherm said all required regulatory approvals have been received, including a Private Letter Ruling from the IRS related to U.S. federal income tax matters connected to the transaction.

The companies expect the transaction to close on October 1, 2026, with the final exchange ratio to be announced at closing and remaining subject to adjustment under the merger agreement.