SurfStitch will be absorbed by online retailer EziBuy after stakeholders overwhelmingly voted in favour of a rescue proposal, despite a last-minute attempt by non-executive director Abigail Cheadle to postpone a decision.

After a three-hour meeting in Sydney on Wednesday, 63 per cent of creditors and class action shareholders voted in favour of a deed of company arrangement proposed by EziBuy's owner, private equity firm Alceon Group.