Clean Seed Capital Group Announces Results of Annual General Meeting

Core Points - Clean Seed Capital Group Ltd. held its annual general meeting on January 7, 2026, where key decisions were made regarding the company's governance and financial strategies [1] Group 1: Election of Directors - Graeme Lempriere, Gary Anderson, Glenn Gatcliffe, and Dr. Ulrich Trogele were re-elected as directors of the company [2] Group 2: Appointment of Auditor - MNP LLP was reaffirmed as the auditor for the company for the upcoming year [3] Group 3: Equity Incentive Plan - A new equity incentive plan was approved, allowing the company to grant stock options up to 10% of its issued and outstanding shares and other equity awards capped at 11,154,127 shares [4][5] Group 4: New Control Person - The company announced a shares-for-debt transaction totaling $1,000,000 with insider Jason Schultz, who will receive 5,500,000 shares, resulting in him holding over 20% of the outstanding shares on a partially diluted basis [6][8] Group 5: Shares for Debt - The issuance of 5,500,000 common shares to settle non-cash debts related to lease, equipment rental costs, and advisory fees was approved by disinterested shareholders [9][10] Group 6: Company Overview - Clean Seed is an agricultural technology company focused on the commercialization of its SMART Seeder™ technologies, which aim to reduce fertilizer usage while enhancing crop performance [11][12]