Pinewood.AI Shareholders Approve Bidco Acquisition Deal

In Short

• Pinewood.AI shareholders approved the court-backed takeover structure for its acquisition by U.K. Piston Bidco Limited.
• The scheme vote passed with 99.76% of votes cast in favour at the Court Meeting.
• The deal is expected to become effective on 9 October 2026, subject to remaining conditions.

What Happened

Pinewood.AI said its Court Meeting and General Meeting, held on 25 September 2026, passed the resolutions needed to proceed with its recommended acquisition by U.K. Piston Bidco Limited.

The transaction is being implemented via a scheme of arrangement, which is a UK court-supervised process that lets a buyer acquire 100% of a company if shareholder voting thresholds are met and the court approves the final order.

At the Court Meeting, Pinewood.AI reported 85,676,187 scheme shares voted in favour. That represented 99.76% of shares voted and 73.41% of eligible scheme shares. The company also disclosed that 252 shareholders voted in favour. An excerpt of the poll results shown in the notice was incomplete, but the company confirmed the required majorities were reached.

At the General Meeting, the special resolution passed with 85,291,986 votes in favour, or 99.67% of votes cast.

Pinewood.AI said it expects the scheme to become effective on 9 October 2026. Dealings in Pinewood.AI shares are expected to stop on 8 October 2026, with trading suspension expected on 9 October 2026.

Why It Matters

Pinewood.AI’s vote result shows broad shareholder support and moves the company closer to delisting under the Bidco acquisition.

For operators and buyers watching the auto retail and dealership software market, schemes of arrangement are a common route for takeovers because they provide a clear path to full ownership, but only after court approval and completion steps.

The next key milestone is the expected effective date in October, when the acquisition and related corporate changes should be finalised.