Mergers & Acquisitions ·
Zoned Properties stockholders approve proposed $105M asset sale to Management Group
ZDPYZoned Properties, Inc.
Zoned Properties, Inc. held a virtual special meeting of stockholders on September 11, 2026, to vote on the proposed sale of substantially all assets pursuant to an Asset Purchase Agreement dated January 15, 2026. The transaction involves the Management Group, including Chairman and CEO Bryan McLaren, President Berekk Blackwell, and employee Patrick Moroney. Stockholders approved Proposal 1 by a majority of voting power (106,359,616 votes for) and disinterested stockholder approval (105,736,237 votes for). Proposal 2, an advisory vote on executive compensation related to the sale, also passed. The company operates in the real estate investment sector.