Core Viewpoint - Zapp Electric Vehicles Group Limited is urging shareholders to vote in favor of proposals that will help the company regain compliance with Nasdaq's listing standards, with the annual general meeting scheduled for May 15, 2025 [1][2]. Group 1: Proposals and Compliance - The proposals include increasing authorized capital and implementing a reverse stock split, which are essential for Zapp to meet Nasdaq's compliance requirements [3]. - Failure to execute these proposals may lead to the delisting of Zapp's ordinary shares from Nasdaq, potentially impacting the company's funding sources and share trading volume [3]. Group 2: Shareholder Voting - Shareholders as of April 24, 2025, are encouraged to vote their proxies before the annual meeting, with the Board of Directors recommending a "FOR" vote on all three proposals [2]. - The company has provided proxy materials and information on how to vote, emphasizing the importance of shareholder participation [2]. Group 3: Company Overview - Zapp EV aims to redefine the electric two-wheeler market, with its flagship product, the i300, designed for urban mobility and high performance [4]. - The company plans to offer a direct-to-customer experience, ensuring convenient delivery and support for customers [4].
Zapp EV Reminds Shareholders to Vote Before Annual General Meeting on May 15, 2025