Easterly Acquisition Corp. Announces Extension of Time to Complete Previously Announced Business Combination with JH Capital

NEW YORK--(BUSINESS WIRE)--Easterly Acquisition Corp. (“Easterly”) (NASDAQ:EACQ) announced the vote by stockholders to extend the deadline to complete an initial business combination to March 31, 2018. Stockholders representing 93% of the stockholder base voted, with 99% of votes cast in favor of extending the time that Easterly has to complete its initial business combination. 687,597 shares of common stock were redeemed by existing Easterly stockholders in connection with the extension, leaving approximately $150 million cash in trust after redemptions.