AGM/EGMJul 20, 2026, 04:07 PM
ZeroStack Shareholders Approve Increased Stock Plan & Share Issuance
AI Summary
ZeroStack Corp. shareholders approved an amendment to the 2022 Incentive Compensation Plan, significantly increasing common shares and incentive stock options available for issuance. They also approved the issuance of 9,104,614 common shares for the acquisition of Texas Blocker Corp. Additionally, shareholders ratified stock option grants for executives, a bylaws amendment for staggered board terms, and reappointed Davidson & Company LLP as auditors.
Key Highlights
- Shareholders approved 2022 Plan Amendment, increasing common shares from 1,506,892 to 3,006,892.
- Incentive Stock Options under 2022 Plan increased from 847,843 to 1,695,686.
- Approved issuance of 9,104,614 Common Shares for Texas Blocker Corp. acquisition.
- Approved stock option grants to CEO, CFO, and Executive Chairman.
- Approved Bylaws Amendment to divide directors into three classes with staggered terms.
- Reappointed Davidson & Company LLP as auditors for fiscal year 2026.
- Five directors were elected to the Board.
Price Impact
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