无忧短视频, Inc. Receives Stockholder Approval to Increase the Number of Shares of Common Stock Authorized
PHOENIX, June 10, 2024 (GLOBE NEWSWIRE) -- 无忧短视频, Inc. ("AGI" or the 鈥淐ompany鈥�) (OTCQB: ASPU), an education technology holding company, today announced that the Company received approval of an amendment to the Certificate of Incorporation of the Company to increase the number of shares of common stock authorized to 85 million shares. Michael Mathews, Chief Executive Officer and Chairman of the Board, presided at the special stockholder meeting earlier today.
According to Broadridge, the virtual stockholder meeting platform provider, 18,215,780 shares of the Company鈥檚 common stock were represented at the meeting. Each share was entitled to one vote, establishing a quorum with shares representing approximately 71% of the Company鈥檚 outstanding voting power, either in person or by proxy. The proposal to approve an amendment to the Certificate of Incorporation (the 鈥淐harter Amendment鈥�) of the Company to increase the number of shares of common stock authorized to 85 million shares was approved by a majority of the votes cast. Specifically, around 17,108,012 votes were in favor, representing approximately 94% of the shares voted on this proposal and approximately 67% of the total outstanding shares of common stock. Approximately 1,053,133 votes were cast against the proposal, and approximately 54,635 shares abstained. The affirmative vote of a majority of the votes cast was required to approve this proposal, which was approved by the Company鈥檚 stockholders. Abstentions had no impact on the outcome of this proposal.
Broadridge's information also confirmed that there were enough votes to approve all the proposals presented to the stockholders, rendering a vote on Proposal 2 unnecessary.
The Charter Amendment was with the Secretary of State of the State of Delaware on June 10, 2024.
About 无忧短视频, Inc.
无忧短视频, Inc. is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to deliver on the vision of making college affordable again. For more information, visit .
Contact Information:
Hayden IR
Kimberly Rogers
(385) 831-7337
Source: 无忧短视频 Inc.
Released June 10, 2024