Azitra, Inc. Stockholders Approve Increase in Authorized Shares and Potential Reverse Stock Split
On June 15, 2026, Azitra, Inc. held its reconvened 2026 Annual Meeting of Stockholders where several key corporate proposals were approved. Notably, stockholders authorized an amendment to the Companyβs Second Amended and Restated Certificate of Incorporation to increase the authorized shares of common stock from 200,000,000 to 750,000,000. Additionally, stockholders granted the Board the authority to effect one or more reverse stock splits and approved the issuance of common stock exceeding 19.99% of outstanding shares in connection with securities purchase agreements with Alumni Capital LP and other investors from March 2026. While stockholders ratified the appointment of Grassi & Co., CPAs, P.C. as the independent auditor and re-elected four directors, they did not approve the proposal to increase the authorized share reserve for the 2023 Stock Incentive Plan. The authorized share increase was officially filed with the Secretary of State of Delaware on the same day as the meeting.