Neonode Adjourns Reconvened Annual Meeting of Stockholders
[City, State] – June 26, 2025 – Neonode Inc. (NASDAQ: NEON), a global innovator in advanced sensor and optical touch technologies, announced today the adjournment of its reconvened Annual Meeting of Stockholders. The meeting, originally held on May 29, 2025, and reconvened on June 25, 2025, was adjourned to allow additional time for the company to solicit the necessary votes to approve a critical proposal.
The specific proposal requiring further stockholder consideration is the proposed issuance of shares of common stock to certain parties in connection with the previously announced acquisition of an entity engaged in the development and commercialization of integrated biometric and authentication solutions. This strategic acquisition is intended to significantly enhance Neonode’s product offerings and market position.
Neonode’s Board of Directors believes that the acquisition represents a compelling opportunity for the company and its stockholders, offering potential for substantial growth and value creation. However, the successful completion of this transaction is contingent upon obtaining the requisite stockholder approval for the share issuance.
The company is diligently working to engage with its stockholders to provide them with all the necessary information to make an informed decision regarding the proposal. The adjournment provides an important window for further communication and for stockholders to review the materials and cast their votes.
Neonode has not yet set a new date for the reconvened meeting, but will communicate this information promptly once it is determined. The company encourages all stockholders who have not yet voted to do so. Further details regarding the proposal and how to vote can be found in the company’s definitive proxy statement filed with the Securities and Exchange Commission.
This adjournment underscores Neonode’s commitment to transparency and ensuring that all critical corporate decisions are made with the full and informed participation of its shareholder base. The company looks forward to a successful conclusion of this process and the potential to integrate the new biometric and authentication capabilities into its innovative technology portfolio.
Neonode Announces Adjournment of Reconvened Annual Meeting of Stockholders
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