ElectraMeccanica amends articles to raise quorum to one-third for Nasdaq compliance

ELECTRAMECCANICA VEHICLES CORP.

Board adopted amendment on Nov 17, 2023, increasing quorum from any one person to one-third of votes entitled to vote.
Amendment effective immediately to comply with Nasdaq Stock Market quorum requirements.
Change applies to all future shareholder meetings; full text of amended articles filed as Exhibit 3.1.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ELECTRAMECCANICA VEHICLES CORP.: Amended Section 8.3 of the articles to increase quorum requirement for shareholder meetings from one or more persons to one-third of the votes entitled to vote (effective 2023-11-17).

Change: charter amendment
Effective: 2023-11-17

Exact text from the filing

On November 17, 2023, the Board of Directors of ElectraMeccanica Vehicles Corp. (the “Company”) adopted an amendment to the Company’s articles (as amended, the “Articles”), effective as of such date, to ensure compliance with the quorum requirements of the Nasdaq Stock Market. In particular, Section 8.3 of the Articles was amended to increase the quorum requirement for meetings of shareholders of the Company from one or more persons, present in person or by proxy, to one-third of the votes entitled to vote at the meeting, present in person or represented by proxy.

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Source: SEC EDGAR

accession 0001104659-23-120736

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