Genvor files draft information statement (PRE 14C)

Shareholders granted the board discretion to execute a reverse stock split ranging from 1-for-2 to 1-for-25 by July 17, 2027.

An amended and restated charter was authorized, adding governance changes such as enhanced director and officer liability protections.

Amended and restated bylaws were authorized, tightening special-meeting rights, lowering the meeting quorum to one-third, and adding advance notice requirements.

Genvor shareholders authorized a 2026 omnibus equity incentive plan reserving 7,843,555 common shares, with an IPO reset to 15% fully diluted.

The plan also adds an annual share increase starting the first Jan. 1 after the plan’s effective date, capped at 5% of shares outstanding.