KWESST Announces Postponement of Special Meeting of Shareholders
KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) has postponed its special meeting of shareholders regarding the proposed consolidation of the company's share capital. The meeting will now reconvene on October 7, 2024, at 3:00 p.m. (Eastern time).
The postponement aims to provide additional time for shareholders to vote, as nearly 75% of votes remain outstanding. KWESST continues to recommend shareholders vote FOR the resolution approving the Consolidation to ensure compliance with NASDAQ minimum bid price requirements.
The record date for eligible voters remains August 22, 2024. The deadline for returning completed proxies or voting instruction forms has been extended to October 4, 2024, at 3:00 p.m. (Eastern time). Shareholders who have already voted in support do not need to take further action.
KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) ha rinviato la sua assemblea straordinaria degli azionisti riguardo la proposta di consolidamento del capitale sociale dell'azienda. L'incontro si riconvocherà il 7 ottobre 2024, alle 15:00 (ora orientale).
Il rinvio ha lo scopo di fornire tempo aggiuntivo agli azionisti per esprimere il proprio voto, poiché quasi il 75% delle votazioni rimangono ancora in sospeso. KWESST continua a raccomandare agli azionisti di votare FAVOREVOLMENTE alla risoluzione che approva il Consolidamento per garantire la conformità con i requisiti di prezzo minimo per le offerte di NASDAQ.
La data di registrazione per i votanti idonei resta fissata al 22 agosto 2024. La scadenza per la restituzione delle deleghe completate o dei moduli di istruzioni per il voto è stata prorogata al 4 ottobre 2024, alle 15:00 (ora orientale). Gli azionisti che hanno già votato a favore non hanno bisogno di intraprendere ulteriori azioni.
KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) ha aplazado su reunión especial de accionistas respecto a la propuesta de consolidación del capital social de la empresa. La reunión se volverá a convocar el 7 de octubre de 2024, a las 15:00 (hora del Este).
El aplazamiento tiene como objetivo proporcionar tiempo adicional para que los accionistas voten, ya que casi el 75% de los votos siguen pendientes. KWESST continúa recomendando a los accionistas que voten ACERCA de la resolución que aprueba la Consolidación para asegurar el cumplimiento de los requisitos de precio mínimo de oferta de NASDAQ.
La fecha de registro para los votantes elegibles se mantiene el 22 de agosto de 2024. El plazo para devolver las proxies completadas o los formularios de instrucciones de voto se ha extendido hasta el 4 de octubre de 2024, a las 15:00 (hora del Este). Los accionistas que ya han votado a favor no necesitan realizar más acciones.
KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE)는 주주 특별 회의를 연기했습니다 회사의 자본 통합 제안에 관하여. 회의는 이제 2024년 10월 7일 오후 3시 (동부 표준시)에 다시 소집될 예정입니다.
연기의 목적은 주주들이 투표할 추가 시간을 제공하는 것으로, 투표의 거의 75%가 아직 미결 상태입니다. KWESST는 주주들에게 통합을 승인하는 결의안에 대해 찬성표를 던질 것을 권장합니다 NASDAQ 최소 입찰가 요건을 준수하기 위해서입니다.
유권자 등록일은 2024년 8월 22일로 유지됩니다. 완료된 위임장이나 투표 지침 양식을 반환하는 마감일은 2024년 10월 4일 오후 3시 (동부 표준시)로 연장되었습니다. 이미 찬성 투표를 한 주주는 추가 조치를 취할 필요가 없습니다.
KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) a reporté sa réunion spéciale des actionnaires concernant la proposition de consolidation du capital social de l'entreprise. La réunion sera maintenant reconvoquée le 7 octobre 2024 à 15h00 (heure de l'Est).
Ce report vise à donner aux actionnaires un temps supplémentaire pour voter, car près de 75 % des votes restent en suspens. KWESST continue de recommander aux actionnaires de voter POUR la résolution approuvant la Consolidation afin d'assurer la conformité avec les exigences de prix minimum d'offre de NASDAQ.
La date de référence pour les électeurs éligibles reste le 22 août 2024. La date limite de retour des procurations complètes ou des formulaires d'instruction de vote a été prolongée jusqu'au 4 octobre 2024 à 15h00 (heure de l'Est). Les actionnaires qui ont déjà voté en faveur n'ont pas besoin d'entreprendre d'autres actions.
KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) hat seine außerordentliche Hauptversammlung der Aktionäre verschoben, die die vorgeschlagene Konsolidierung des Unternehmenskapitals betrifft. Die Sitzung wird nun am 7. Oktober 2024 um 15:00 Uhr (Eastern Time) erneut abgehalten.
Der Aufschub dient dazu, den Aktionären zusätzliche Zeit für die Stimmabgabe zu geben, da fast 75% der Stimmen noch ausstehen. KWESST empfiehlt weiterhin den Aktionären, für den Beschluss zur Genehmigung der Konsolidierung zu stimmen, um die Einhaltung der Mindestgebotsanforderungen von NASDAQ sicherzustellen.
Der Stichtag für wahlberechtigte Wähler bleibt der 22. August 2024. Die Frist für die Rücksendung ausgefüllter Proxys oder Abstimmungsanweisungsformulare wurde bis 4. Oktober 2024 um 15:00 Uhr (Eastern Time) verlängert. Aktionäre, die bereits für die Vorlage gestimmt haben, müssen keine weiteren Maßnahmen ergreifen.
- Postponement allows more time for shareholders to participate in the voting process
- Company is proactively addressing NASDAQ minimum bid price requirements
- Low shareholder participation with 75% of votes still outstanding
- Potential risk of non-compliance with NASDAQ listing requirements if consolidation is not approved
Ottawa, Ontario--(Newsfile Corp. - September 27, 2024) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) ("KWESST" or the "Company") announces the postponement of the special meeting (the "Meeting") of KWESST shareholders (the "Shareholders") in connection with the proposed consolidation of the Company's share capital (the "Consolidation"). The Meeting will reconvene on October 7, 2024, at 3:00 p.m. (Eastern time).
Based on a preliminary assessment of votes received by KWESST, nearly
KWESST continues to recommend that Shareholders vote FOR the resolution approving the Consolidation. This will allow the Company's Board of Directors to ensure continued compliance with the NASDAQ minimum bid price requirements.
The record date for determining Shareholders eligible to vote at the Meeting remains August 22, 2024. Shareholders who have not yet voted are urged to do so as soon as possible, in accordance with the instructions accompanying the form of proxy or voting instruction form mailed to Shareholders together with the proxy circular. The deadline for Shareholders to return their completed proxies or voting instruction forms has been extended to October 4, 2024, at 3:00 p.m. (Eastern time).
Shareholders who have already voted their securities in support are not required to take further action.
About KWESST
KWESST (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) develops and commercializes breakthrough next-generation tactical systems for military and security forces. The company's current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users' smart devices and weapons. Other KWESST products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK. The company also has a new proprietary non-lethal product line branded PARA OPSTM with application across all segments of the non-lethal market, including law enforcement. The Company is headquartered in Ottawa, Canada with representative offices in London, UK and Abu Dhabi, UAE.
For more information, please visit https://kwesst.com/
Contact:
David Luxton, Executive Chairman: luxton@kwesst.com
Sean Homuth, President and CEO: homuth@kwesst.com
Jason Frame, Investor Relations: frame@kwesst.com 587.225.2599
Neither the TSX Venture Exchange nor its respective Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224840
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