European Lithium Ltd (ASX:EUR, FRA PF8, OTCQB:EULIF) flagship Wolfberg Lithium Project, page-47

Actually if you read just a bit more it is clearly stated that is for the extension vote NOT the merger vote.
as explained the extension vote is just as a precaution.


"The accompanying proxy statement (the “Proxy Statement”) is dated January 22, 2024, and is first being mailed to stockholders of the Company on or about January 23, 2024. The sole purpose of the Meeting is to consider and vote upon the following proposals (the “Proposals”):

1) a proposal to amend the Company’s amended and restated certificate of incorporation, as previously amended (the “Charter”), in the form set forth in Annex A to the accompanying Proxy Statement (the “Extension Amendment” and such proposal, the “Extension Amendment Proposal”), to extend the date by which the Company must (i) effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “Business Combination”, and the Company’s initial Business Combination, the “Business Combination”), (ii) cease all operations except for the purpose of winding up, and (iii) redeem or repurchase 100% of the Company’s common stock included as part of the units (the “Public Shares”) sold in the Company’s initial public offering that was consummated on November 8, 2021 (the “IPO”), from February 8, 2024 to August 8, 2024 (or such earlier date as determined by the Company’s board of directors (the “Board”)) (the “Extension”, and such later date, the “Extended Date”); and

2) a proposal to approve the adjournment of the Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the other proposal (the “Adjournment Proposal”). The Adjournment Proposal will only be presented at the Meeting if there are not sufficient votes to approve the other proposal."