Vislink shareholders approve reverse stock split; board may set ratio between 1:2 and 1:50

At the Special Meeting, stockholders considered a proposal (the “Reverse Stock Split Proposal”) to authorize the Company’s board of directors (the “Board”) to effect an amendment to the Company’s Restated Certificate of Incorporation (the “Charter”), that would implement a reverse stock split of the shares of the Common Stock at a ratio, ranging from 1-for-2 to 1-for-50, with the exact timing and ratio to be determined by the Board without further approval or authorization of the Company’s stockholders. At the Special Meeting, holders of Common Stock were entitled to one vote per share, and holders of Preferred Stock not automatically redeemed in accordance with the terms of such Preferred Stock immediately prior to the opening of the polls at the Special Meeting were entitled to 1,000 votes per share, with all such shares of Common Stock and Preferred Stock voting together as a single class on the Reverse Stock Split Proposal. At the Special Meeting, the Reverse Stock Split Proposal w