X1 Capital shareholders approve revised investment strategy and governance amendments

X1 Capital Inc.

Shareholders voted 100% in favor of amended bylaws, articles, revised investment strategy, dividend reinvestment plan, and management agreements.
New strategy focuses on bridge loans for government-guaranteed USDA loans, acquiring BDC-qualified loans, and bridge financing for tax credits.
Investment Management and Administration Agreements with Growth Lending LLC approved; effective upon Initial Close as defined in prior SEC filing.
Amended articles provide for staggered board terms, director removal only for cause, and supermajority vote requirements for certain actions.

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

X1 Capital Inc.: The bylaws were amended and restated to address term and staggering dates for the Board of Directors, effective immediately (effective 2025-02-27).

Change: bylaw amendment
Effective: 2025-02-27

Exact text from the filing

On February 27, 2025, the Bylaws and Articles of Incorporation of the Company were amended and restated. These amendments were around the term and staggering dates for the Board of Directors. They are effective immediately.

View on SEC.gov

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

X1 Capital Inc.: The articles of incorporation were amended and restated to address term and staggering dates for the Board of Directors, effective immediately (effective 2025-02-27).

Change: charter amendment
Effective: 2025-02-27

Exact text from the filing

On February 27, 2025, the Bylaws and Articles of Incorporation of the Company were amended and restated. These amendments were around the term and staggering dates for the Board of Directors. They are effective immediately.

View on SEC.gov

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Source: SEC EDGAR

accession 0001999538-25-000003

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