AGM/EGMJul 2, 2026, 04:03 PM
Gaxos.ai to Vote on Reverse Stock Split, Equity Plan Increase
AI Summary
Gaxos.ai Inc. announced its 2026 Annual Meeting of Shareholders to be held on August 11, 2026. Key proposals for shareholder vote include the election of four directors, ratification of the independent auditor, and an amendment to increase shares reserved under the 2022 Omnibus Equity Incentive Plan. Additionally, shareholders will vote on a proposal to grant the Board authority to effect a reverse stock split at a ratio between 1-for-2 and 1-for-50.
Key Highlights
- Annual Meeting of Shareholders scheduled for August 11, 2026, at 10:00 a.m. Eastern Time.
- Shareholders to vote on electing four members to the Board of Directors.
- Proposal to ratify Salberg & Company, P.A. as independent auditor for fiscal year 2026.
- Proposal to amend 2022 Omnibus Equity Incentive Plan to increase shares to 1,000,000 from 803,637.
- Proposal to approve a reverse stock split with a ratio between 1-for-2 and 1-for-50.
- Record date for voting is June 22, 2026, with 10,744,634 shares outstanding.
Price Impact
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