Recent Updates — MTTN

The board of directors amended and restated the company's bylaws effective October 22, 2026. The change reduces the quorum requirement for stockholder meetings from a majority of voting power to one-third (1/3) of outstanding shares entitled to vote. This applies to both general business transactions and separate class votes, unless otherwise required by law or the certificate of incorporation. Matternet develops autonomous drone delivery systems.

Jason Secore has departed as Chief Financial Officer of Matternet, Inc., following a mutual transition that began in June 2026. The company entered into a separation agreement on October 1, 2026, paying Mr. Secore $156,146 and extending the post-termination exercise period for his equity awards until the company's common stock is first listed on a major exchange. Matternet operates in the drone delivery industry.

Matternet, Inc. announced that Chief Financial Officer Jason Secore will depart on September 29, 2026, following a mutual agreement to transition his responsibilities. The company has initiated a search for a successor and stated the departure is unrelated to any disagreements regarding operations or policies. Concurrently, the Board of Directors appointed Chief Executive Officer Andreas Raptopoulos as interim Chief Financial Officer effective September 29, 2026, in addition to his existing executive duties. Matternet operates in the drone delivery industry.