Agrify (US:AGFY) Newsfilterยท2024-01-08 21:30Core Points - Agrify Corporation held its Annual Meeting of Stockholders on January 8, 2024, where all business items were considered except for the proposal to increase authorized shares [1] - Approximately 50.6% of the outstanding shares were represented at the meeting, indicating a quorum [1] - The Authorized Share Proposal requires a majority vote and was supported by approximately 45.4% of the outstanding shares as of the record date [2] - The meeting was adjourned until January 22, 2024, to allow for further voting on the Authorized Share Proposal [2] Voting Results - Shareholders can attend the reconvened meeting virtually on January 22, 2024, at 10:00 a.m. Eastern Time [3] - Shareholders who have already submitted their proxy do not need to resubmit, and the record date remains December 6, 2023 [3] - The company encourages shareholders who have not yet voted to do so by January 21, 2024 [4] Additional Proposals - Director nominees were re-elected, and one new director was elected, bringing the total to six directors [6] - Marcum LLP was ratified as Agrify's independent registered public accounting firm for 2023 with over 94.9% of votes in favor [6] - A proposal to increase the number of shares underlying a warrant passed with 96.5% support [6] - An amendment to the Senior Secured Convertible Note held by CP Acquisitions LLC passed with 92.1% support [8] - An amendment to the Agrify Corporation 2022 Omnibus Equity Incentive Plan passed with 97.0% support [8] - A proposal to adjourn the meeting for additional proxy solicitation passed with 95.8% support [8] Company Overview - Agrify is a provider of innovative cultivation and extraction solutions for the cannabis industry, focusing on data, science, and technology [9] - The company offers micro-environment-controlled Vertical Farming Units (VFUs) to enhance product quality and yield [9] - Agrify's extraction product line includes various methods to maximize the quality and quantity of cannabis extracts [9]