AGM/EGMAug 11, 2026, 04:53 PM
Gaxos.ai Shareholders Approve Reverse Stock Split Authority, Equity Plan
AI Summary
Gaxos.ai Inc. held its 2026 Annual Meeting of Shareholders where several key proposals were approved. Shareholders granted the Board of Directors authority to effect a reverse stock split at a ratio between 1-for-2 and 1-for-50. Additionally, an amendment to the 2022 Omnibus Equity Incentive Plan was approved, increasing the number of shares reserved for issuance to 1,000,000 from 803,637. All four director nominees were re-elected, and Salberg & Company, P.A. was ratified as the independent auditor for the fiscal year ending December 31, 2026.
Key Highlights
- Shareholders approved granting the board authority for a reverse stock split between 1-for-2 and 1-for-50.
- The 2022 Omnibus Equity Incentive Plan was amended to increase shares reserved for issuance from 803,637 to 1,000,000.
- All four director nominees (Vadim Mats, Adam Holzer, Scott Grayson, Roman Feldman) were re-elected to the Board.
- Salberg & Company, P.A. was ratified as the independent registered public accounting firm for fiscal year 2026.
- A total of 4,869,942 shares of common stock were represented at the Annual Meeting, constituting a quorum.
Price Impact
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