Proxy Advisory Firm ISS Recommends Vote “FOR” the Charter Amendment Proposal – To Increase the Number of Authorized Shares of Common Stock
May 20 2022 - 3:05PM
AquaBounty Technologies, Inc. (NASDAQ: AQB) (“AquaBounty” or the
“Company”), a land-based aquaculture company utilizing technology
to enhance productivity and sustainability, today announced that
leading proxy advisory firm Institutional Shareholder Services Inc.
(ISS), in addition to the Company’s Board of Directors and proxy
advisory firm Glass Lewis, has recommended that the Company’s
stockholders vote in favor of the proposal to amend the Company’s
Third Amended and Restated Certificate of Incorporation, as
amended, to increase the number of authorized shares of the
Company’s common stock, $0.001 par value per share, from 80,000,000
to 150,000,000 at the upcoming adjourned annual meeting of
stockholders to be held on May 27, 2022 (“Annual Meeting”).
The Company has previously communicated to its stockholders the
importance of this year’s proposals and their potential impact on
the Company in its definitive proxy statement filed with the U.S.
Securities and Exchange Commission on April 14, 2022.
The adjourned Annual Meeting will resume as a virtual meeting
held via live webcast on the Internet on May 27, 2022, at 8:30 AM
(Eastern Time) at www.meetnow.global/MC57T9H. The record date for
determining stockholders eligible to vote at the Annual Meeting
will remain the close of business on March 30, 2022. Proxies
previously submitted with respect to the Annual Meeting will be
voted on all proposals at the adjourned Annual Meeting unless
properly revoked, and stockholders who have previously submitted a
proxy or otherwise voted need not take any action.
The Company encourages all stockholders of record as of March
30, 2022 who have not yet voted to do so by 8:30 AM, Eastern Time,
on May 27, 2022. If you have questions or need assistance voting
your shares, please contact:
Georgeson LLC1290 Avenue of the Americas, 9th
FloorNew York, NY 10104Toll Free: 800-457-0759
Additional Information and Where to Find It
In connection with the Annual Meeting, the Company has filed a
definitive Proxy Statement with the U.S. Securities and Exchange
Commission (the “SEC”) on April 14, 2022. The Company, its
directors, its executive officers and certain other individuals set
forth in the Proxy Statement, as supplemented, will be deemed
participants in the solicitation of proxies from stockholders in
respect of the Annual Meeting. Information regarding the names of
the Company’s directors and executive officers and certain other
individuals and their respective interests in the Company by
security holdings or otherwise is set forth in the Proxy Statement.
BEFORE MAKING ANY VOTING DECISION, STOCKHOLDERS OF THE COMPANY ARE
URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE
SEC, INCLUDING THE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO AND
ACCOMPANYING PROXY CARD. Stockholders may obtain copies of all
documents filed by the Company with the SEC, including the Proxy
Statement, free of charge at the SEC’s
website, www.sec.gov.
About AquaBounty
At AquaBounty Technologies, Inc. (NASDAQ: AQB), we believe we
are a leader in land-based aquaculture leveraging decades of
technology expertise to deliver disruptive solutions that address
food insecurity and climate change issues. We are committed to
feeding the world efficiently, sustainably and profitably.
AquaBounty provides fresh Atlantic salmon to nearby markets by
raising its fish in carefully monitored land-based fish farms
through a safe, secure and sustainable process. The Company’s
land-based Recirculating Aquaculture System (“RAS”) farms, located
in Indiana, United States and Prince Edward Island, Canada, are
close to key consumption markets and are designed to prevent
disease and to include multiple levels of fish containment to
protect wild fish populations. AquaBounty is raising nutritious
salmon that is free of antibiotics and contaminants and provides a
solution resulting in a reduced carbon footprint and no risk of
pollution to marine ecosystems as compared to traditional sea-cage
farming. For more information on AquaBounty, please
visit www.aquabounty.com or follow us
on Facebook, Twitter, LinkedIn and Instagram.
Company Contact:AquaBounty TechnologiesDave
ConleyCorporate Communications(613) 294-3078
Investor Relations:Greg Falesnik or Luke
ZimmermanMZ Group - MZ North America(949)
259-4987AQB@mzgroup.us
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