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Azitra, Inc. Announces 2025 Annual Meeting Results

Strategic Insights

— 2 min read

Azitra, Inc.'s shareholders convened at the 2025 annual meeting on June 23, 2025, where three proposals were put to a vote. The meeting was attended by over one-third of the shareholders, representing a quorum. Shareholders approved the election of four directors: Francisco D. Salva, Travis Whitfill, Barbara Ryan, and John Schroer. Proposal No. 3 to ratify the appointment of Grassi & Co., CPAs, P.C. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025, was also approved. Proposal No. 4 to approve the issuance of more than 19.99% of the Company's issued and outstanding shares of common stock, including shares of common stock underlying warrants, pursuant to the purchase agreement with Alumni Capital LP, was approved.

Key Takeaways:

  • Proposal No. 1: Shareholders approved the election of four directors, Francisco D. Salva, Travis Whitfill, Barbara Ryan, and John Schroer, to serve as members of the Board of Directors until the next annual meeting and until their successors are duly elected and qualified.
  • Proposal No. 2 (Adoption of an amendment to the Company's Second Amended and Restated Certificate of Incorporation to increase the authorized number of shares of the Company's common stock from 100,000,000 to 200,000,000 shares) was adjourned to allow additional time for shareholders to vote on the proposal.
  • Proposal No. 3: Shareholders ratified the appointment of Grassi & Co., CPAs, P.C. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025.
  • Proposal No. 4: Shareholders approved the issuance of more than 19.99% of the Company's issued and outstanding shares of common stock, including shares of common stock underlying warrants, pursuant to the purchase agreement with Alumni Capital LP.
  • The polls were left open on Proposal No. 2 to allow additional time for shareholders to vote.
  • Shareholders may obtain a copy of the Proxy Statement, Annual Report to stockholders, and all relevant documents filed with the SEC in connection with the annual meeting at the SEC's website or by directing a request to Azitra, Inc.

Statistics:

  • 1,107,896 to 255,481 votes were cast in favor of Francisco D. Salva
  • 1,120,930 to 242,447 votes were cast in favor of Travis Whitfill
  • 1,260,318 to 103,059 votes were cast in favor of Barbara Ryan
  • 1,263,148 to 100,229 votes were cast in favor of John Schroer
  • 8,370,807 to 151,361 votes were cast in favor of ratifying the appointment of Grassi & Co., CPAs, P.C.
  • 1,204,236 to 155,171 votes were cast in favor of approving the issuance of more than 19.99% of the Company's issued and outstanding shares of common stock, including shares of common stock underlying warrants
  • 0 broker non-votes for Proposal No. 1, 7,225,742 broker non-votes for Proposal Nos. 3 and 4
  • 21,517,765 shares outstanding as of the record date on May 28, 2025

Sources:

  • Azitra, Inc., Form 8-K (Current Report)
  • U.S. Securities and Exchange Commission
  • SEC's website: http://www.sec.gov

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