AGM/EGMMay 8, 2026, 04:21 PM
Azitra seeks 750M authorized shares, reverse split, and NYSE compliance
AI Summary
Azitra, Inc. announced its 2026 Annual Meeting of Stockholders to be held virtually on June 4, 2026. Key proposals include increasing authorized common stock from 200 million to 750 million shares and authorizing the Board to effect one or more reverse stock splits. Stockholders will also vote on approving the issuance of over 19.99% of common stock for two separate securities purchase agreements to comply with NYSE American rules, electing four directors, ratifying the independent auditor, and increasing the share reserve for the 2023 Stock Incentive Plan.
Key Highlights
- Annual Meeting scheduled for June 4, 2026, at 11:00 a.m. EDT, to be held virtually.
- Proposes to increase authorized common stock from 200,000,000 to 750,000,000 shares.
- Seeks authorization for the Board to effect one or more reverse stock splits.
- Votes on approving issuance of over 19.99% common stock for Alumni Capital LP agreement (Nov 24, 2025).
- Votes on approving issuance of over 19.99% common stock for March 18, 2026 securities purchase agreement.
- Proposes to increase the authorized share reserve for the 2023 Stock Incentive Plan.
- Elects four director nominees: Francisco D. Salva, Travis Whitfill, Barbara Ryan, John Schroer.
- Ratifies Grassi & Co., CPAs, P.C. as independent auditor for 2026.