Dividends & Buybacks ·
Maris-Tech shareholders to vote on reverse split authority up to 1-for-250
MTEKMaris Tech Ltd.
Maris-Tech Ltd. has scheduled a special general meeting of shareholders for November 10, 2026, to consider a proposal granting the board of directors discretion to effect one or more reverse share splits. The authorization allows for individual splits with ratios ranging from 1-for-2 up to a cumulative maximum ratio of 1-for-250 within an 18-month period following the meeting. This framework is intended to provide flexibility to maintain compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. The board unanimously recommends voting in favor of the proposal, noting that it allows management to time and size splits based on market conditions and trading prices. Maris-Tech Ltd. operates in the cybersecurity industry, providing AI-driven threat detection solutions.