INEO Announces Receipt of Requisition for General Meeting of Shareholders
Rhea-AI Summary
INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has received a notice of requisition for a general meeting of shareholders on April 8, 2025. The requisition was submitted by COENDA Investments Holding Corp and aims to implement changes to the Board of Directors.
The company is currently evaluating the requisition's compliance with the Business Corporations Act (British Columbia) requirements under section 167. INEO will provide a response within the statutory timeframe specified by the Act.
Positive
- None.
Negative
- Potential board instability due to shareholder-initiated leadership change attempt
- Signs of possible shareholder dissatisfaction with current management
Surrey, British Columbia--(Newsfile Corp. - April 11, 2025) - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO") announces that a notice of requisition for a general meeting of shareholders (the "Requisition") was delivered to the registered office of the Company on April 8, 2025.
The Requisition, which was delivered by legal counsel acting on behalf of COENDA Investments Holding Corp., if valid, would require the Company to call and hold a general meeting of shareholders, pursuant to section 167 of the Business Corporations Act (British Columbia) (the "Act"). The purpose of the proposed meeting is to, among other matters, effect changes to the Board of Directors.
The Company is reviewing the Requisition, including reviewing whether it complies with the requirements of the Act, and will respond within the time required by the Act.
On behalf of the Board of Directors
Kyle Hall, CEO,
INEO Tech Corp.
About INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF)
INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., operates the INEO Media Network, a digital advertising and analytics solution for retailers. INEO's patented technology integrates and monetizes digital screens with theft detection sensor gates at the entrance of retail stores. The Company's cloud-based platform uses IoT (Internet of Things) and AI (Artificial Intelligence) technology to deliver customized digital advertising to each retail location based on the demographic mix of customer traffic at each location. The Company also deploys the INEO Welcoming Network technology through a SaaS-based solution to larger retail chains. INEO is headquartered in Surrey, Canada and publicly traded on the TSX-Venture Exchange under the symbol "INEO" and on the OTCQB-Venture Market under the symbol "INEOF".
For more information please visit:
| Websites: | www.ineosolutionsinc.com |
| www.ineoretailmedia.com | |
| LinkedIn: | www.linkedin.com/company/ineosolutions |
For further information: Kyle Hall, CEO, INEO Tech Corp., (604) 244-1895 or Ben Sears, Morgan Creek Communications Inc. investor@ineosolutionsinc.com 250-879-0872
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248156
FAQ
What is the purpose of COENDA's requisition for INEOF shareholders meeting?
When did INEOF receive the shareholder meeting requisition?
What legal framework governs INEOF's shareholder meeting requisition?
Who submitted the requisition for INEOF's shareholder meeting?
