SAN
JOSE, Calif. , June 15,
2023 /CNW/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7
Microsystems Inc. ("Spectra7" or the "Company"), a
leading provider of high-performance analog semiconductor products
for broadband connectivity markets, today announces the results of
its annual and special meeting of shareholders that was held on
June 14, 2023.
All of the resolutions submitted for shareholder approval were
adopted, including:
- the election of four directors;
- the appointment of the auditor; and
- the approval of amendments to the Company's stock option plan
and restricted share unit plan (the "Amended Equity Incentive
Plans").
Amended Equity Incentive Plans
The Amended Equity Incentive Plans reserve for issuance up to
7,965,460 common shares, being approximately 20% of the current
issued and outstanding shares of the Company. The Amended
Equity Incentive Plans are subject to final approval of the TSX
Venture Exchange.
ABOUT SPECTRA7 MICROSYSTEMS INC.
Spectra7 Microsystems Inc. is a high-performance analog
semiconductor company delivering unprecedented bandwidth, speed,
and resolution to enable disruptive industrial design for leading
electronics manufacturers in data centers, 5G infrastructure,
virtual and augmented reality, and other connectivity markets.
Spectra7 is based in San Jose,
California with a design center in Cork, Ireland and technical support location
in Dongguan, China. For more
information, please visit www.spectra7.com.
Neither the TSX Venture Exchange nor its regulation services
provided (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For more information, please contact:
Matt Kreps
Darrow Associates
214-597-8200
ir@spectra7.com
Spectra7 Microsystems Inc.
Bonnie Tomei
Chief Financial Officer
669-212-1089
ir@spectra7.com
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SOURCE Spectra7 Microsystems Inc.