SAN
JOSE, Calif., June 28,
2024 /CNW/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7
Microsystems Inc. ("Spectra7" or the "Company"), a
leader in high-performance analog semiconductors for broadband
connectivity markets, such as AI networks, hyperscale data centers,
and AR/VR, today announced the results of its annual and special
meeting of shareholders that was held on June 27, 2024.
All of the resolutions submitted for shareholder approval were
adopted, including:
- the election of Raouf Halim,
Roger Maggs, Christopher Morgan, and Ronald Pasek as 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
27,564,478 common shares, being approximately 20% of the issued and
outstanding shares of the Company as of May
17, 2024. 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
Provider (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.
John Mitchell
Public Relations
650-269-3043
pr@spectra7.com
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SOURCE Spectra7 Microsystems Inc.