other material
confidence high
sentiment neutral
materiality 0.60
XTI Aerospace shareholders reject authorized share increase to 1B, approve reverse stock split
XTI Aerospace, Inc.
- Proposal to increase authorized common stock to 1B shares rejected: 73.3M for, 17.4M against.
- Reverse stock split (ratio 1:2 to 1:250) approved: 74.1M for, 16.6M against. Board to set ratio.
- Directors Soumya Das and Scott Pomeroy elected as Class I directors until 2027.
- Ratification of Marcum LLP as auditor for FY 2024 approved (81.8M for).
- Approval of potential issuances under Nasdaq Rule 5635(d) passed (54.4M for).