TrustBIX Inc. Announces the Results of Its Annual General and Special Meeting of Shareholders
Rhea-AI Summary
TrustBIX (TSXV: TBIX, OTC: TBIXF) reported results of its May 15, 2026 annual general and special meeting. Shareholders, representing about 10.553% of issued shares, approved all items including a three‑member board, auditor reappointment, a potential share consolidation up to 20:1, the fixed 20% stock option plan, and certain security-based compensation subject to TSX Venture Exchange acceptance.
AI-generated analysis. Not financial advice.
Positive
- All matters on the May 15, 2026 agenda received shareholder approval
- Three directors elected, providing board continuity for the coming year
- Auditor Kenway Mack Slusarchuk Stewart LLP reappointed with authorized remuneration flexibility
- Fixed 20% stock option plan approved by disinterested shareholders
- Security-based compensation for non-arm’s length parties approved, subject to TSXV acceptance
Negative
- Only 10.553% of issued and outstanding shares were represented at the meeting
- Authorization for share consolidation of up to 20:1 may materially change share count structure
News Market Reaction – TBIXF
On the day this news was published, TBIXF declined 17.59%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Edmonton, Alberta--(Newsfile Corp. - May 19, 2026) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce the Company held its annual general and special meeting of shareholders on May 15, 2026 (the "Meeting"). All matters to be acted upon, as set out in the Company's Notice of Meeting and Management Information Circular dated April 16, 2026, were approved by shareholders at the Meeting.
A total of 14,701,297 common shares, representing approximately
At the Meeting, shareholders approved:
- fixing the number of directors of the Company at three;
- the election of Hubert Lau, Lap Shing (Andrew) Kao and Nathaniel Mison as directors of the Company for the ensuing year;
- the re-appointment of Kenway Mack Slusarchuk Stewart LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year, and authorization for the directors to fix their remuneration;
- a special resolution authorizing an amendment to the articles of the Company to consolidate all of the issued and outstanding common shares of the Company (the "Common Shares") on the basis of a consolidation ratio to be determined by the board of directors, in its sole discretion, of up to twenty (20) pre-consolidation Common Shares for one (1) post-consolidation Common Share;
- the Company's fixed
20% stock option plan (approved by disinterested shareholders); and - certain security-based compensation granted to non-arm's length parties of the Company (approved by disinterested shareholders) subject to acceptance by the TSX Venture Exchange.
The directors and management of TrustBIX thank all shareholders for their participation in the Meeting and for their continuing support.
About TrustBIX
TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices.
FOR MORE INFORMATION CONTACT:
Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: info@trustbix.com
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 of accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298097