Proposed de-listing

So the company is trying to go private (delisting) on Nov-9. Though this requires shareholder approval.
Given that the insiders + mercury capital have declared their support, what does everything think of the likelyhood it will go through?
As it represents an arb opportunity at 48.5c (given that you can get out at 52).

Similar to takever when the SP is trading <10% below takeover offer on the uncertainty.
My loose guess is that it would be well supported - as the move seems to make sense for majority shareholders, will retail holders get to exit in full (up to $30k).