The Board of Directors approved Amendment No. 3 to the Company's Amended and Restated 2021 Equity Incentive Plan, increasing the total number of shares reserved for grant and issuance to 1,070,127. Of this new allocation, 387,727 shares are designated as a Special Share Allocation reserved for awards requiring at least two of three criteria: time-based vesting, share price milestone vesting (minimum 3x multiple), or options with an exercise price of at least 2.5x the grant date price. The Board also authorized the filing of a Form S-8 registration statement to cover these shares and granted authority to increase the annual share limit by up to 4% of outstanding shares. Alpha Compute Corp operates in the technology sector, providing computing infrastructure and services.
