Agrify (AGFY) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
The Company’s Annual Meeting was adjourned regarding a proposal to amend its Charter to increase authorized common stock from 10,000,000 to 35,000,000 shares and total authorized shares from 13,000,000 to 38,000,000, after initial votes failed to achieve the majority required. The meeting reconvened on January 22, 2024, with approximately 54.72% of outstanding shares represented, resulting in 878,464 votes for the amendment, 49,979 against, and 2,542 abstained.
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