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Shareholders approve reverse split proposal with up to 1-for-250 ratio at board's discretion
MTEKMaris Tech Ltd.
Maris-Tech Ltd. shareholders approved a proposal allowing the Board of Directors to execute one or more reverse share splits of ordinary shares, subject to a maximum cumulative ratio of 1-for-250 over an 18-month period. The approval occurred during a Special General Meeting held on November 10, 2026, after the session was adjourned and reconvened due to initial lack of quorum. This authorization grants management flexibility to adjust the share structure in response to market conditions or listing requirements without requiring further shareholder votes for each specific split action. Maris-Tech Ltd. operates in the medical technology sector, developing minimally invasive surgical devices.