Shareholders at Iveda (NASDAQ: IVDA) back new warrant issuance plan
Rhea-AI Filing Summary
Iveda Solutions, Inc. reconvened its 2024 Annual Meeting of Stockholders on August 29, 2025, where stockholders approved the issuance of new common stock purchase warrants. A total of 1,409,415 shares entitled to vote, representing 58.5% of the company’s outstanding voting capital stock as of the October 7, 2024 record date, were present in person or by proxy, constituting a quorum.
Stockholders approved Proposal 5 to issue 625,000 Series A Common Stock Purchase Warrants and 625,000 Series B Common Stock Purchase Warrants, each with an exercise price of $3.44 per common share, along with the shares of common stock issuable upon exercise of these warrants. The proposal received 1,253,925 votes for, 121,349 votes against, and 34,141 abstentions.
Positive
- None.
Negative
- None.
FAQ
What did Iveda Solutions (IVDAW) stockholders approve at the reconvened 2024 Annual Meeting?
Stockholders approved Proposal 5, authorizing the issuance of 625,000 Series A Common Stock Purchase Warrants, 625,000 Series B Common Stock Purchase Warrants, and the shares of common stock issuable upon exercise of those warrants.
How many warrants did Iveda Solutions (IVDAW) obtain approval to issue and at what exercise price?
Iveda Solutions obtained approval to issue a total of 1,250,000 common stock purchase warrants, consisting of 625,000 Series A and 625,000 Series B warrants, each with an exercise price of $3.44 per common share.
What were the voting results for Iveda Solutions’ Proposal 5 warrant issuance?
Proposal 5 received 1,253,925 votes for, 121,349 votes against, and 34,141 abstentions from the company’s voting stock.
What level of shareholder participation was recorded at Iveda Solutions’ reconvened 2024 Annual Meeting?
At the reconvened meeting, 1,409,415 shares entitled to vote as of October 7, 2024 were present in person or by proxy, representing 58.5% of Iveda Solutions’ outstanding voting capital stock, which constituted a quorum.
Which securities of Iveda Solutions are listed on The Nasdaq Stock Market?
Iveda Solutions has its Common Stock, par value $0.00001 per share, listed under the symbol IVDA, and its Common Stock Purchase Warrants listed under the symbol IVDAW on The Nasdaq Stock Market LLC.
Who signed the Iveda Solutions (IVDAW) current report related to the warrant approval?
The report was signed on behalf of Iveda Solutions, Inc. by David Ly, the company’s Chief Executive Officer, dated August 29, 2025.