Akanda Corp. (AKAN) approves special and preferred share classes in vote

Rhea-AI Filing Summary

Akanda Corp. held a Special Meeting of Shareholders on August 29, 2025 to vote on major changes to its share structure tied to a Share Exchange Agreement. Of 2,275,904 common shares eligible, 294,856 were voted in person or by proxy, before giving effect to the company’s recent 1:3.125 reverse stock split.

Shareholders approved a special resolution to create a new class of Class A Special Shares and amend existing share classes to accommodate their rights, create a class of Class B Special Shares with related amendments, and establish a new class of “blank cheque” Class A Preferred Shares issuable in series. The proposal passed with 287,856 votes for and 7,417 against. As a result, the company plans to issue 144,930 Class A Special Shares, adjusted for the reverse split, in line with the amended Share Exchange Agreement.

Insights

Capital structure and governance analyst

Akanda shareholders approved new special and preferred share classes linked to a Share Exchange Agreement.

The meeting centered on reshaping the equity structure of Akanda Corp. to implement terms of a Share Exchange Agreement. Shareholders backed a special resolution to create Class A Special Shares, Class B Special Shares, and a new class of Class A Preferred Shares, along with amendments to existing share classes to fit these new rights.

Voting support was decisive, with 287,856 votes in favor versus 7,417 against, out of 294,856 shares voted from 2,275,904 eligible. The filing also notes a recent 1:3.125 reverse stock split, and the company now intends to issue 144,930 Class A Special Shares reflecting that adjustment. Future disclosures may clarify how these new classes are used within the Share Exchange Agreement framework and their role in the overall capital structure.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2025

Commission File Number: 001-41324

AKANDA CORP.

(Name of registrant)

100 King Street W, Suite 1600

Toronto, Ontario M5X 1G5, Canada

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

x Form 20-F ¨ Form 40-F

Akanda Corp. (the “Company”) held a Special Meeting of Shareholders (the “Meeting”) on August 29, 2025. There were 2,275,904 common shares to be voted, of which 294,856 were voted in person or by proxy. Such numbers do not take into account the Company’s recent 1:3.125 reverse stock split (the “Reverse Split”). The following matter was submitted to a vote of the Company’s shareholders at the Meeting, at which a quorum was present.

Proposal 1. A proposal to consider and, if deemed appropriate, pass a special resolution, the full text of which is set out in the Information Circular relating to the Meeting, approving, in one or more amendments to the articles of the Company determined to be in the best interest of the Company by its Board of Directors and in accordance with the terms of the Share Exchange Agreement (as defined in the Information Circular), to:

(i)       create a class of special common shares (the “Class A Special Shares”);

(ii)       make certain amendments to the existing classes of shares to accommodate the rights associated with the Class A Special Shares;

(iii)       create a class of special common shares (the “Class B Special Shares”);

(iv)       make certain amendments to the existing classes of shares to accommodate the rights associated with the Class B Special Shares;

(v)       create a new class of “blank cheque” preferred shares without par value, issuable in series (the “Class A Preferred Shares”);

(vi)       make certain amendments to the existing classes of shares to accommodate the rights associated with the Class A Preferred Shares.

The results of the voting were as follows:

For		Against
287,856		7,417

As a result of the approval of Proposal 1, the Company intends to issue an aggregate of 144,930 Class A Special Shares (reflecting the Reverse Split) in accordance with the terms of the Share Exchange Agreement, as amended.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AKANDA CORP.
	(Registrant)
Date: August 29, 2025	By:	/s/ Katie Field
		Name:	Katie Field
		Title:	Interim Chief Executive Officer and Director

FAQ

What did Akanda Corp. (AKAN) shareholders approve at the August 29, 2025 special meeting?

Shareholders approved a special resolution to create Class A Special Shares, Class B Special Shares, and a new class of “blank cheque” Class A Preferred Shares, plus related amendments to existing share classes.

How many shares voted for and against Akanda Corp.’s proposal at the special meeting?

The proposal received 287,856 votes for and 7,417 votes against, with a total of 294,856 common shares voted in person or by proxy.

How many Akanda Corp. shares were eligible to vote at the special meeting?

There were 2,275,904 common shares eligible to be voted at the Special Meeting of Shareholders.

What new share issuance does Akanda Corp. plan following approval of the proposal?

As a result of the approval, Akanda Corp. intends to issue an aggregate of 144,930 Class A Special Shares, reflecting the company’s 1:3.125 reverse stock split, under the amended Share Exchange Agreement.

How does the recent reverse stock split relate to Akanda Corp.’s new Class A Special Shares?

The company notes a recent 1:3.125 reverse stock split, and the planned issuance of 144,930 Class A Special Shares has been adjusted to reflect the effect of that reverse split.

Why did Akanda Corp. change its share structure with new special and preferred shares?

The new Class A Special Shares, Class B Special Shares, and Class A Preferred Shares, along with amendments to existing classes, were approved to align the share structure with the terms of a Share Exchange Agreement described in the company’s Information Circular.