Neonode Announces Adjournment of Reconvened Annual Meeting of Stockholders

Rhea-AI Summary

Neonode (NASDAQ: NEON) announced the adjournment of its reconvened 2025 Annual Meeting of Stockholders on June 26, 2025, due to lack of required quorum. The meeting has been rescheduled for July 3, 2025, at 3:00 p.m. local time at the company's Stockholm office.

The record date remains April 21, 2025, and previously submitted proxies will remain valid. The Board unanimously recommends stockholders vote FOR all proposals and urges all stockholders who haven't voted to do so to ensure quorum is reached.

Positive

• None.

Negative

• Failure to achieve quorum for the second time indicates potential shareholder engagement issues
• Meeting delays may impact timely implementation of corporate actions

News Market Reaction – NEON

+10.77%

1 alert

+10.77% News Effect

On the day this news was published, NEON gained 10.77%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

STOCKHOLM, June 26, 2025 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) (the "Company" or "Neonode") announced today that its 2025 Annual Meeting of Stockholders (the "Annual Meeting"), which was reconvened on June 26, 2025, was called to order and again adjourned without any business being conducted due to a lack of the required quorum. The meeting was held on June 26, 2025 at 3:00 p.m. local time at Neonode's principal executive office located at Karlavägen 100, 115 26 Stockholm, Sweden.

The Annual Meeting will be reconvened again on July 3, 2025 at 3:00 p.m. local time at Neonode's principal executive office to provide its stockholders with additional time to vote on the proposals described in the proxy statement filed with the Securities and Exchange Commission on April 30, 2025. No changes have been made to the proposals to be voted on by stockholders at the annual meeting.

The record date for determining stockholder eligibility to vote at the Annual Meeting will remain at the close of business on April 21, 2025. Proxies previously submitted will be voted on at the Annual Meeting unless properly revoked, and stockholders who have already submitted a proxy or otherwise voted need not take any action.

The Neonode Board of Directors unanimously recommends that stockholders vote FOR all proposals and encourages all stockholders who have not already voted to do so immediately.

Your vote matters. Whether you own a few shares or many, please vote as soon as possible to help ensure a quorum is reached. Without a quorum, the meeting cannot proceed.

This notice, the proxy statement, the proxy card, and Neonode's annual report on Form 10-K are available at https://www.astproxyportal.com/ast/22427/

For more information, please contact:

CONTACT:

Chief Financial Officer
Fredrik Nihlén
E-mail: fredrik.nihlen@neonode.com
Phone: +46 703 97 21 09

President and Chief Executive Officer
Pierre Daniel Alexus
E-mail: daniel.alexus@neonode.com
Phone: +46 767 60 29 90

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/neonode/r/neonode-announces-adjournment-of-reconvened-annual-meeting-of-stockholders,c4169512

The following files are available for download:

https://mb.cision.com/Main/17297/4169512/3527899.pdf	reconvened-annual-meeting-adjournment-20250626
https://news.cision.com/neonode/i/reconvened-annual-meeting-adjournment,c3422381	Reconvened Annual Meeting Adjournment

View original content:https://www.prnewswire.com/news-releases/neonode-announces-adjournment-of-reconvened-annual-meeting-of-stockholders-302492809.html

SOURCE Neonode

FAQ

When is Neonode's (NEON) rescheduled Annual Meeting of Stockholders?

Neonode's Annual Meeting has been rescheduled for July 3, 2025, at 3:00 p.m. local time at their Stockholm office.

What is the record date for Neonode's 2025 Annual Meeting?

The record date for determining stockholder eligibility to vote remains at the close of business on April 21, 2025.

Why was Neonode's Annual Meeting adjourned on June 26, 2025?

The meeting was adjourned due to a lack of required quorum, meaning not enough stockholders were present or represented to conduct business.

Do Neonode shareholders need to vote again if they already submitted their proxy?

No, previously submitted proxies will remain valid and will be voted at the Annual Meeting unless properly revoked. Shareholders who have already voted do not need to take any action.

What is the Board's recommendation for Neonode's 2025 stockholder proposals?

The Neonode Board of Directors unanimously recommends that stockholders vote FOR all proposals described in the proxy statement.