Akanda Corporation recently held a Special Meeting of Shareholders where a significant proposal was passed. The proposal included several key resolutions aimed at amending the company's share structure. These resolutions involved creating a new class of special common shares, the Class A and Class B Special Shares, and making amendments to existing share classes to accommodate the rights associated with these new shares. Additionally, the company decided to create a new class of "blank cheque" preferred shares, known as Class A Preferred Shares, which will be issuable in series without par value. The proposal was approved with 287,856 votes in favor and 7,417 against. Following the approval, Akanda Corp. plans to issue 144,930 Class A Special Shares, adjusted for the recent 1:3.125 reverse stock split, in line with the terms of the amended Share Exchange Agreement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Akanda Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-082603), on August 29, 2025, and is solely responsible for the information contained therein.
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