[6-K] Abits Group Inc Current Report (Foreign Issuer)
ABITS Group Inc. reported the voting results of its 2025 Annual Meeting of Shareholders on a Form 6-K. A total of 2,763,817 votes from ordinary and preferred shares were present in person or by proxy, representing 63.25% of the combined voting power and satisfying quorum requirements. Each ordinary share carried one vote and each of the 333,333 preferred shares carried six votes. Shareholders cast votes for the election of directors, with each named nominee receiving an overwhelming majority of votes cast in favor and very few votes against or abstentions. The company also disclosed final vote tabulations for other proposals and furnished a press release summarizing the meeting results as an exhibit.
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FAQ
What did ABITS Group Inc. (ABTS) report in this Form 6-K?
ABITS Group Inc. reported the final voting results from its 2025 Annual Meeting of Shareholders, including quorum details and vote counts for each proposal and director nominee.
How many votes were represented at ABITS Group's 2025 Annual Meeting?
A total of 2,763,817 votes from ordinary and preferred shares were represented at the meeting, accounting for 63.25% of the combined voting power entitled to vote.
How are ABITS Group's ordinary and preferred shares treated for voting purposes?
Each ordinary share is entitled to one vote, while each of the 333,333 preferred shares is entitled to six votes, giving preferred shares greater voting weight.
Were ABITS Group's director nominees elected at the 2025 Annual Meeting?
Yes. Each named director nominee, including Conglin (Forrest) Deng and Lionel Choong Khuat Leok, received a very high number of votes for and only a small number of votes against or abstentions.
Did ABITS Group furnish any additional information about the AGM results?
Yes. The company issued a press release announcing the 2025 Annual Meeting results, which is furnished as Exhibit 99.1 to this Form 6-K.
What is the significance of abstentions in ABITS Group's vote counts?
Abstentions were counted only for establishing quorum but were not treated as votes cast on the proposals themselves, so they did not affect approval outcomes.