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KWESST Announces Results of Special Shareholder Meeting
Newsfileยท 2025-04-01 11:30
Core Points - KWESST Micro Systems Inc. held a special meeting of shareholders on March 31, 2025, to address compliance with Nasdaq's minimum bid price requirement [1] - Shareholders approved a resolution for the consolidation of common shares at a ratio of one share for every twenty-five shares [2] - The board of directors will determine the timing for the consolidation and will announce the final share ratio soon [3] Company Overview - KWESST develops next-generation tactical systems for military and security forces, focusing on real-time situational awareness and targeting information [4] - The company's product portfolio includes countermeasures against electronic detection, lasers, and drones, as well as a new non-lethal product line branded PARA OPSTM [4] - KWESST is headquartered in Ottawa, Canada, with offices in London, UK, and Abu Dhabi, UAE [4]