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SATO Technologies Corp. Announces Annual General and Special Meeting, Including Proposed Stock Option Repricing, Term Extension, and Share Consolidation
Toronto, Ontario--(Newsfile Corp. - May 20, 2026) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: ...
About this update from Sato Technologies Corp
[{"type":"text","content":"SATO Technologies Corp. Announces Annual General and Special Meeting, Including Proposed Stock Option Repricing, Term Extension, and Share ConsolidationToronto, Ontario--(Newsfile Corp. - May 20, 2026) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (\"SATO\" or the \"Company\") today announced that it will hold its annual general and special meeting of shareholders (the \"Meeting\") on Monday, June 22, 2026, at 11:00 a.m. (Eastern Time) at 433 Broadway, Meeting Room 5, New York, NY. The record date for the Meeting is May 13, 2026. Meeting materials will be mailed to shareholders of record on or about May 26, 2026.At the Meeting, shareholders will be asked to consider, and if thought appropriate, approve resolutions in respect of the matters set forth below. Full details will be set out in the Company's management information circular (the \"Circular\") to be filed on SEDAR+ (www.sedarplus.ca) and made available at www.bysato.com.Matters to Be Considered at the MeetingElection of directors and re-appointment of Davidson & Company LLP as auditor of the Company.Share Consolidation - approving a consolidation of the Company's common shares (the \"Common Shares\") on the basis of a ratio of between five (5) and twenty-five (25) pre-consolidation Common Shares for one (1) post-consolidation Common Share, with the final ratio and timing to be determined by the board of directors of the Company.Omnibus Equity Incentive Plan - approving the Company's omnibus equity incentive plan for the ensuing year, as required by the TSX Venture Exchange (the \"TSXV\").Stock Option Repricing and Term Extension -approving the repricing and term extension of 5,845,507 outstanding stock options (the \"Subject Options\") held by directors, officers, employees, and consultants, as further described below.Proposed Stock Option Repricing and Term ExtensionSubject to disinterested shareholder approval and TSXV acceptance, the Company proposes to cancel and re-issue the Subject Options on the following terms:New exercise price: $ 0.121 per Common Share, representing a 5% premium to the closing price of the Common Shares on the TSXV on May 20, 2026.New expiry date: ten (10) years from the original grant date.Vesting: previously vested Subject Options will vest immediately upon re-issuance; previously unvested Subject Options will vest on their origin...