Business
Mobio Announces Voting Results of its Annual General and Special Meeting
(TheNewswire) Vancouver, B.C. – TheNewswire - April 2 nd , 2025 ...
About this update from Mobio Technologies, Inc.
[{"type":"text","content":"Mobio Announces Voting Results of its Annual General and Special Meeting\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, B.C. –\n \n\n TheNewswire -\n \n\n April 2\n \n\n nd\n \n\n , 2025 – Mobio Technologies Inc. (TSXV:\nMBO) (“Mobio”\n \n or the\n \n “Company”)\n \n is pleased to announce the results of its\nspecial general meeting of shareholders held on March 31, 2025 (the\n“\n \n Meeting\n \n ”).\n \n\n\n Approval of the Proposed Qualifying\nTransaction\n \n\n\n The disinterested shareholders approved the proposed qualifying\ntransaction involving Tracksuit Movers Inc., Mobio and the\nshareholders of Tracksuit Movers Inc.  (the\n \n “Transaction”\n \n ), pursuant to the\nterms and conditions set out in the Share Exchange Agreement dated for\nreference February 14, 2025. The Transaction is described and the full\ntext of the resolution approving the Transaction is provided in the\nmanagement information circular dated February 24, 2025 (the\n \n “Circular”\n \n ).\n \n\n\n Approval of the Non-Arm’s Length\nNon-Brokered Private Placement\n \n\n\n The disinterested shareholders approved a resolution for a non-arm’s\nlength non-brokered private placement to raise gross proceeds of up to\n$1,800,000. The funds will be raised from related parties through the\nissuance of common shares of the Company, priced at $0.20 per one\ncommon share, as more particularly described in the Circular.\n \n\n\n Approval of the Conversion of\nNon-Arm’s Length Outstanding Loans\n \n\n\n The disinterested shareholders approved a resolution to convert the\nnon-arm’s length outstanding loans payable, with a gross outstanding\nbalance of $1,427,389, into common shares of the Company, priced at\n$0.20 per one common share, as more particularly described in the\nCircular.\n \n\n\n Approval of the Stock Option\nPlan\n \n\n\n The shareholders re-approved the Company’s Stock Option Plan dated\nfor reference April 5, 2024. The Stock Option Plan is a 10% rolling\nplan. The full text of the Stock Option Plan is provided in the\nCircular, which is available on www.sedarplus.ca under the profile of\nthe Company.\n \n\n\n Vote Results on Other Matters\n \n\n\n Other matters before the Meeting are described more fully in Cir...