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stockholders approved a one-time repricing of outstanding stock options and a 5,000,000 share increase to the 2023 Equity Incentive Plan at an annual meeting on September 30, 2026.
These moves accompany a previously announced 1-for-10 reverse stock split and a corporate name change to Flyte Aviation, Inc., which will take effect on October 5, 2026.
The Board of Directors had previously approved the plan amendment, subject to stockholder consent.
The amendment increases the number of shares of common stock reserved for issuance under the 2023 Equity Incentive Plan by 5,000,000 shares.
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