Edible Garden AG Inc.
01/27/2025 | Press release | Distributed by Public on 01/27/2025 15:30
Proxy Results (Form 8-K)
Item 5.07. Submission of Matters to a Vote of Security Holders.
On January 27, 2025, Edible Garden AG Incorporated (the "Company") held a special meeting of its stockholders (the "Special Meeting"). At the Special Meeting, the proposals set forth below were submitted to the Company's stockholders. The number of shares of common stock entitled to vote at the Special Meeting was 19,530,058. The number of shares of common stock present or represented by proxy at the Special Meeting was 8,514,536. The voting results for the proposals are as follows:
|
1. |
The Company's stockholders approved an amendment to the Company's Certificate of Incorporation to effect a reverse stock split of its outstanding common stock in a range of not less than one-for-five shares but not more than one-for-twenty-five shares, at the discretion of the board of directors. The number of shares that voted for, against, and abstained from voting for this proposal is summarized in the table below. |
|
FOR |
AGAINST |
ABSTAIN |
||
|
7,846,246 |
641,815 |
26,475 |
|
2. |
The Company's stockholders approved a proposal to adjourn the Special Meeting from time to time, if necessary or appropriate, including to solicit additional votes in favor of Proposal 1 if there were not sufficient votes at the time of the Special Meeting to adopt Proposal 1 or to establish a quorum. The number of shares that voted for, against and abstained from voting for this proposal is summarized in the table below. |
|
FOR |
AGAINST |
ABSTAIN |
||
|
6,967,259 |
1,529,966 |
17,311 |
Because Proposal 1 was approved by the Company's stockholders, an adjournment of the Special Meeting was not necessary.
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