Gentherm Shareholders Approve Modine Merger; Closing Set for October 1
THRM sits 42% above its 52-week low of $27.
Summary
Gentherm shareholders approved the Modine Performance Technologies merger with ~99% of votes cast in favor of the share issuance. The transaction is expected to close October 1, 2026, with all regulatory approvals including an IRS tax ruling already received.
Key Events · M&A and Partnerships · THRM
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Shareholder Vote Approves Merger
Share Issuance Proposal passed with 28,125,535 votes for (99.97% of votes cast); Charter Amendment Proposal passed with 28,950,597 votes for (99.4% of votes cast).
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Closing Date Set for October 1
Transaction expected to close October 1, 2026, subject to remaining customary closing conditions.
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All Regulatory Approvals Secured
Includes IRS Private Letter Ruling on U.S. federal income tax consequences, clearing the path for the tax-free Reverse Morris Trust structure.
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Share Issuance of ~20.8M Shares
Approximately 20.8 million Gentherm shares (worth ~$882M at announcement) will be issued to Modine shareholders upon closing.
Analysis · THRM · Manufacturing
The final major hurdle before the October 1 closing has been cleared, as Gentherm shareholders overwhelmingly approved the share issuance and charter amendment needed to complete the Reverse Morris Trust merger with Modine's Performance Technologies business. All regulatory approvals — including an IRS Private Letter Ruling on tax treatment — are already secured. The transaction will issue approximately 20.8 million shares to Modine shareholders, a significant expansion of Gentherm's share count that reshapes the company into a higher-growth thermal and precision flow management business.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.5% of the 1973 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, THRM was trading at $38.33 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $27.00 to $48.35. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.