AGM/EGMNov 10, 2026, 04:32 PM
Maris-Tech Shareholders Approve Reverse Stock Split Proposal
AI Summary
Maris-Tech Ltd. held a Special General Meeting of Shareholders where shareholders approved a proposal allowing the Board of Directors to enact one or more reverse share splits. The cumulative ratio for these splits is capped at 1-for-250 and can be implemented at the Board's discretion within 18 months of the meeting. The meeting was initially adjourned due to a lack of quorum but was successfully reconvened.
Key Highlights
- Maris-Tech Ltd. shareholders approved a proposal for potential reverse share splits.
- The reverse share split ratio is subject to a maximum cumulative ratio of 1-for-250.
- The Board of Directors has the discretion to implement the reverse share split.
- The approval is valid for 18 months following the Special General Meeting.
- A quorum was initially not met, leading to an adjournment and reconvening of the meeting.
Price Impact
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