Summary by Moomoo AI
On February 23, 2024, Netcapital Inc. conducted a special meeting of shareholders where two key proposals were approved. The first proposal involved the approval of the issuance of common stock purchase warrants and placement agent warrants related to the company's public offering in December 2023. This included the shares of common stock that would be issuable upon the exercise of these warrants, in compliance with Nasdaq Listing Rule 5635(d). The second proposal authorized the adjournment of the special meeting if necessary, to solicit additional proxies in case there were insufficient votes to approve the proposals at the time of the meeting. The meeting saw a quorum with approximately 50.42% of the outstanding shares represented. The voting results for the first proposal were 3,417,664 votes for, 1,017,969 against, and 333,249 abstentions. The second proposal saw 3,939,968 votes for, 760,037 against, and 68,877 abstentions. The meeting's outcomes ensure that Netcapital Inc. complies with Nasdaq's requirements and has the flexibility to adjourn future meetings for additional proxy solicitation if needed.