Nxt-ID, Inc. Revises Date For Special Shareholder Meeting To Vote On Important Reverse Stock Split
The Company is proposing the reverse stock split primarily to regain compliance with The NASDAQ Capital Market
The Company's management believes that its recent capital raise and its newly revised business plan are important elements to support a new growth strategy for the Company which will generate long-term shareholder value. Continued listing on a national exchange such as NASDAQ will also facilitate future capital raises and maintain liquidity for all shareholders.
How to Vote Your Shares
- Registered shareholders can vote via mail or online by following the instructions provided on the proxy card.
- Shares held via a bank or broker will be provided with a voting instruction form ("VIF"). The VIF will contain instructions to vote via mail, online or telephone.
- In Person: Shareholders may vote by attending the special shareholders meeting in-person on
Friday, October 15, 2021, at 1633 Broadway, 32nd Floor, New York, New Yorkat 10:30 AM Eastern Time. Note: In compliance with New York City Coronavirus Guidelines, proof of vaccine and masks will be required to enter the meeting.
Votes submitted by phone or online must be received by
Background & Helpful Information
- Official notification to shareholders of matters to be brought to a vote ("Proxy")
Nxt-ID, Inc.Announces Pricing of $12.5 MillionUnderwritten Public Offering
- Second quarter 2021 IR update webcast link
Forward-Looking Statements for
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; the Company's ability to maintain its Nasdaq listing for its common stock; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the
Investor Relations Contact:
A. Pierre Dubois
Lightspeed IR/M for