Sigma Additive Solutions reduces stockholder meeting quorum to one-third

NextTrip, Inc.

Board adopted Amendment No. 3 to Amended and Restated Bylaws on December 14, 2022.
Quorum requirement reduced from a majority to one-third of voting power present at meetings.
No other changes to the bylaws; Amendment effective immediately upon adoption.
Full text of Amendment filed as Exhibit 3.1 to this 8-K.

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

NextTrip, Inc.: Amended By-Laws to reduce stockholder meeting quorum from majority to one-third of voting power (effective 2022-12-14).

Change: bylaw amendment
Effective: 2022-12-14

Exact text from the filing

On December 14, 2022, our Board of Directors adopted by unanimous written consent Amendment No. 3 (the “Amendment”) to our Amended and Restated By-Laws to replace Section 3, Article II thereof with a new Section 3. The new Section 3 is identical in all respects to the former Section 3, except that it provides that the holders of a one third (1/3 rd ), rather than a majority, of the voting power of the Company’s stock present in person or represented by proxy at any meeting of stockholders shall constitute a quorum for the transaction of business except as otherwise provided by law, by the Articles of Incorporation or by the Amended and Restated By-Laws.

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Source: SEC EDGAR

accession 0001493152-22-035735

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