Dror Ortho-Design Inc.
09/25/2026 | Press release | Distributed by Public on 09/25/2026 06:00
Proxy Results (Form 8-K)
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On September 23, 2026, Dror Ortho-Design, Inc. (the "Company") held a special meeting of stockholders (the "Special Meeting"). As of the close of business on August 27, 2026, the record date for the Special Meeting, there were (i) 976,997,116 shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), outstanding and entitled to vote on the proposals described below and (ii) 5,847,937 shares of Series A Convertible Preferred Stock, par value $0.0001 per share (the "Series A Preferred Stock"), outstanding, which were entitled to cast an aggregate of 584,793,700 votes (subject to beneficial ownership limitations) on the proposals described below.
The matters described below were submitted to a vote of the holders of the Company's Common Stock and Series A Preferred Stock at the Special Meeting. Each proposal is described in detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on September 9, 2026 (the "Proxy Statement"). All proposals were approved by the Company's stockholders.
| 1. | Approval of the adoption of an amendment to the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company's Common Stock, at a ratio in the range of 1-for-2 to 1-for-2,000 (the "Reverse Stock Split"), with the exact exchange ratio and timing to be determined at the discretion of the Company's board of directors (the "Board") but prior to the one-year anniversary of the date on which the Reverse Stock Split is approved by the Company's stockholders at the Special Meeting and to be set forth in a public announcement. |
| For | Against | Abstain | ||||
| 707,862,992.08 | 1,451,900 | - | ||||
| 2. | Approval of a proposal to adjourn the Special Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Reverse Stock Split Proposal. |
| For | Against | Abstain | ||
| 709,192,992.08 | 121,900 | - |
For more information about the foregoing proposals, see the Proxy Statement, the relevant portions of which are incorporated herein by reference. The results reported above are final voting results. No other matters were considered or voted upon at the Special Meeting.
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