REV Group (REVG) Company Report

REV Group, Inc. (REVG) and Terex Corporation have received the necessary stockholder approvals for their previously announced merger.
The transaction is expected to close in the first week of February 2026, pending the satisfaction or waiver of remaining closing conditions.
At REV's Special Meeting, 39,510,557 votes were cast "For" the merger proposal, representing over 99% of the votes cast at the meeting and more than 80% of the 48,806,145 outstanding shares entitled to vote.
As a result of the mergers, REV Group will no longer be publicly held, and its securities will be delisted from the New York Stock Exchange.

6 days ago

8-K

REV Group Stockholders Approve Merger Agreement

REVG

M&A

Proxy Vote Outcomes

Executive Compensation

REV Group stockholders held a special meeting on January 28, 2026, to vote on proposals related to the proposed combination between REV Group and Terex.
The proposal for the adoption of the merger agreement and approval of the first merger was approved by the affirmative vote of the holders of a majority of outstanding shares of REV common stock.
Stockholders also approved the non-binding advisory proposal concerning compensation for named executive officers related to the merger, and the proposal for adjournment or postponement of the meeting if necessary.
A total of 48,806,145 shares of REV Group common stock were entitled to vote at the meeting, and a quorum was declared present.

6 days ago

Transcript

REV Group Stockholders Approve Merger Agreement with Terex

REVG

M&A

Proxy Vote Outcomes

Executive Compensation

REV Group stockholders approved the merger agreement and the first merger with Terex.
Stockholders also approved, on a non-binding advisory basis, the compensation for named executive officers related to the transactions contemplated by the merger agreement.
A total of 48,806,145 shares of REV Group common stock were entitled to vote at this special meeting.

6 days ago

Transcript

REV Group Stockholders Approve Merger Agreement with Terex

REVG

M&A

Proxy Vote Outcomes

Executive Compensation

REV Group held a special meeting of stockholders on January 28, 2026, to vote on proposals concerning its proposed combination with Terex.
The key proposals included the adoption of the merger agreement and approval of the first merger, an advisory vote on executive compensation related to the transaction, and the approval of meeting adjournment if needed.
Based on preliminary voting results, all three proposals, including the merger agreement with Terex, were approved by stockholders.

6 days ago

Transcript

REVG to Hold Special Meeting on Terex Merger Amidst Lawsuits

REVG

M&A

Legal Proceedings

Proxy Vote Outcomes

REV Group, Inc. (REVG) entered into a Merger Agreement with Terex Corporation on October 29, 2025, with a Special Meeting for REVG stockholders to vote on the proposal scheduled for January 28, 2026.
Several lawsuits and shareholder letters have been filed against REVG and Terex, alleging omissions in the Definitive Proxy Statement regarding the mergers. REVG believes these allegations are without merit but is voluntarily supplementing the proxy statement.
REVG's Board of Directors continues to recommend that stockholders vote "FOR" the proposals to be voted on at the Special Meeting, including the proposal to adopt the Merger Agreement.
The Preliminary Proposal for the all-stock merger suggested Terex stockholders would own 61.5% and REVG stockholders 38.5% of the combined company, with Mr. Meester of Terex serving as CEO.
Financial advisors provided valuation insights, with Terex's implied enterprise value ranging from $6,354 million to $8,192 million based on a discounted cash flow analysis.

Jan 20, 2026, 1:24 PM

8-K

REV Exploration Corp. Provides Corporate Update

REVG

New Projects/Investments

REV Exploration Corp. completed its largest-ever raise, closing concurrent private placements totaling $5.8 million, with a $2.0 million lead order from Eric Sprott, who now beneficially owns approximately 12.6% of the company.
The company increased its ownership in MAX Power Mining Corp. to 6 million shares, representing approximately 5.0% on a non-diluted basis, by exercising 2,000,000 common share purchase warrants.
REV is proceeding toward near-term (Q1) drilling of its flagship Aden Dome Project in southeast Alberta, which is considered highly prospective for Natural Hydrogen and associated gases.
REV has amassed a land package of approximately 52,000 hectares in Northern Quebec's Chibougamau Gold Camp, including the drill-ready JMW Property, and is exploring strategic opportunities for these gold assets.

Jan 19, 2026, 1:00 PM

Press Release

REV Exploration Corp. Closes $5.8 Million Private Placements, Welcomes Eric Sprott as Major Investor

REVG

New Projects/Investments

REV Exploration Corp. (REVG) successfully closed non-brokered private placements for gross proceeds of $5.8 million (CDN) through the issuance of 17,000,000 shares on January 16, 2026.
Eric Sprott became a major new investor, acquiring 6,666,667 common shares for $2,000,000.10, resulting in a 12.6% ownership on a non-diluted basis.
The proceeds from the private placements will be used to advance the Aden Dome Natural Hydrogen Project, gold properties in Quebec, and for general corporate purposes.
Following the financing, REV's share structure includes 53 million shares outstanding and 4.3 million warrants.

Jan 16, 2026, 1:00 PM

Press Release

REV Exploration Closes Acquisition of Mining Claims

REVG

M&A

New Projects/Investments

REV Exploration Corp. (REV) has closed the acquisition of 72 mining claims and associated rights located in Ontario and Quebec.
In consideration for the transfer of the property, REV issued 500,000 common shares to the Vendor.
The acquired property is subject to a 1.5% net smelter returns royalty.

Jan 12, 2026, 9:15 PM

Press Release

REV Exploration Upsizes LIFE Offering to $2.8 Million

REVG

New Projects/Investments

REV Exploration Corp. has increased its listed issuer financing exemption (LIFE) offering by $300,000, raising the maximum gross proceeds from $2.5 million to $2.8 million.
The offering price remains $0.40 per common share, with up to 7,000,000 common shares now issuable under the LIFE Offering if fully subscribed.
Combined with a separate $3.0 million private placement, the company anticipates raising aggregate gross proceeds of up to $5.8 million.
Proceeds from these financings will be used to advance the Aden Dome Natural Hydrogen asset and for general corporate purposes.
The LIFE Offering is expected to close around January 21, 2026, subject to TSX Venture Exchange approval.

Jan 5, 2026, 9:27 PM

Press Release

REV Exploration Corp. Secures $5.5 Million in Private Placements

REVG

New Projects/Investments

REV Exploration Corp. (REV) has arranged two non-brokered private placements to raise up to a combined $5.5 million.
The financing includes a private placement of up to $3.0 million at $0.30 per share, with Mr. Eric Sprott as the lead investor subscribing for $2.0 million, and a concurrent LIFE Offering of up to $2.5 million at $0.40 per share.
Proceeds are designated to advance the Aden Dome asset, fund general exploration including the gold project in Chibougamau, and for general corporate purposes.
Both offerings are anticipated to close around January 21, 2026, pending regulatory approvals.