SATO Technologies Corp. Provides Results From Shareholder Meeting

Rhea-AI Summary

SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) announced the successful completion of its 2025 Annual General and Special Meeting of shareholders on June 30, 2025, with all proposed resolutions receiving shareholder approval.

Key approvals included the re-election of all five board members: Romain Nouzareth (99.98% approval), Mathieu Nouzareth (99.98%), Frank Di Tomaso (98.24%), Dominique Payette (98.03%), and Randal Milch (98.34%). Shareholders also approved the appointment of Davidson and Company LLP as the company's external auditor with 99.8% support and the Company's Omnibus Equity Incentive Plan with 97.6% approval.

Positive

• High approval rates for all resolutions, with board members receiving over 98% support
• Strong shareholder participation with over 29 million votes cast

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - June 30, 2025) - SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the "Company", or "SATO") is pleased to announce that all resolutions considered at its 2025 Annual General and Special Meeting of shareholders on June 30, 2025, were approved by its shareholders. Particulars of the voting are set out at the end of this news release.

The resolutions approved by the shareholders present in person or represented by proxy at the meeting were:

• Romain Nouzareth, Frank Di Tomaso, Dominique Payette, Randal Milch, and Mathieu Nouzareth were duly re-elected to SATO's board of directors.

• Davidson and Company LLP was appointed as an independent, external auditor of SATO for the ensuing year or until its successor is appointed, and the Board was authorized to fix its remuneration.

• The Company's Omnibus Equity Incentive Plan was approved.

The resolutions voted on at the meeting are described in more detail in SATO's Management Information Circular, dated May 29, 2025, which was mailed to shareholders and is available on SEDAR+ at www.sedarplus.ca.

Detailed Voting Results

	Votes For	Votes Withheld/ Against	Total Votes Cast	Percentage of  Votes For	Percentage of Votes Withheld/ Against
Elect Romain Nouzareth	29,121,138	4,938	29,126,076	99.98%	0.02%
Elect Mathieu Nouzareth	29,121,138	4,938	29,126,076	99.98%	0.02%
Elect Frank Di Tomaso	28,612,577	513,499	29,126,076	98.24%	1.76%
Elect Dominique Payette	28,553,053	573,023	29,126,076	98.03%	1.97%
Elect Randal Milch	28,642,577	483,499	29,126,076	98.34%	1.66%
Appoint Davidson and Company LLP as Auditors	29,154,269	59,524	29,213,793	99.8%	0.2%
Approve the Company's Omnibus Equity Incentive Plan	28,428,053	698,023	29,126,076	97.6%	2.4%

 

About SATO
SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates one data center tailored to provide computing power for Bitcoin Mining, but may look to expand or add additional data centers for computing power for Bitcoin Mining, High Power Computing ("HPC"), Artificial Intelligence ("AI"), and L2's. The Company is listed on (TSXV: SATO) & (OTCQB: CCPUF). To learn more about SATO, visit www.bysato.com

For additional information, please contact:

Investor Relations:
Emily Berg
emily@bysato.com
Phone: +1 (347) 280 3663

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257339

FAQ

What were the voting results for SATO Technologies (CCPUF) 2025 shareholder meeting?

All resolutions were approved with strong support: board members received 98-99.98% approval, Davidson and Company LLP as auditors received 99.8% approval, and the Omnibus Equity Incentive Plan was approved with 97.6% support.

Who are the board members of SATO Technologies (CCPUF) following the 2025 shareholder meeting?

The re-elected board members are Romain Nouzareth, Mathieu Nouzareth, Frank Di Tomaso, Dominique Payette, and Randal Milch.

What was the shareholder approval rate for SATO's (CCPUF) Omnibus Equity Incentive Plan?

The Omnibus Equity Incentive Plan received 97.6% approval with 28,428,053 votes in favor and 698,023 votes against.

Who was appointed as SATO Technologies' external auditor for 2025?

Davidson and Company LLP was appointed as the independent external auditor with 99.8% shareholder approval.