AGM/EGMJul 17, 2026, 04:42 PM
Cloudastructure Stockholders Approve Reverse Stock Split
AI Summary
Cloudastructure, Inc. stockholders approved a proposal to amend the company's Certificate of Incorporation to effect a reverse stock split of its Class A and Class B common stock at a ratio ranging from 1-for-2 to 1-for-200, with the exact ratio and timing to be determined by the Board. Stockholders also approved an amendment to the 2024 Equity Incentive Plan to permit a one-time repricing of outstanding stock options. Additionally, Jeff Kirby was elected to the Board, and TAAD LLP was ratified as the independent auditor for 2026. A proposal to decrease the total number of authorized shares was not approved.
Key Highlights
- Stockholders approved a reverse stock split for Class A and B common stock (1-for-2 to 1-for-200 ratio).
- Amendment to 2024 Equity Incentive Plan for one-time stock option repricing was approved.
- Jeff Kirby was elected to the Board of Directors for a three-year term.
- TAAD LLP was ratified as the independent registered public accounting firm for 2026.
- Proposal to decrease total authorized shares from 500M to 83.3M was not approved.
Price Impact
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