Toronto, ON - June 30, 2025 - SATO Technologies Corp. (TSXV:SATO / OTCQB:CCPU.F) (the “Company”, or “SATO”) is pleased to announce that all resolutions considered at its 2025 Annual General and Special Meeting of shareholders on June 30, 2025, were approved by its shareholders. Particulars of the voting are set out at the end of this news release.
The resolutions approved by the shareholders present in person or represented by proxy at the meeting were:
● Romain Nouzareth, Frank Di Tomaso, Dominique Payette, Randal Milch, and Mathieu Nouzareth were duly re-elected to SATO’s board of directors.
● Davidson and Company LLP was appointed as an independent, external auditor of SATO for the ensuing year or until its successor is appointed, and the Board was authorized to fix its remuneration.
● The Company’s Omnibus Equity Incentive Plan was approved.
The resolutions voted on at the meeting are described in more detail in SATO’s Management Information Circular, dated May 29, 2025, which was mailed to shareholders and is available on SEDAR+ at www.sedarplus.ca.
Detailed Voting Results
|
|
Votes For |
Votes Withheld/ Against |
Total Votes Cast |
Percentage of Votes For |
Percentage of Votes Withheld/ Against |
|
Elect Romain Nouzareth |
29,121,138 |
4,938 |
29,126,076 |
99.98% |
0.02% |
|
Elect Mathieu Nouzareth |
29,121,138 |
4,938 |
29,126,076 |
99.98% |
0.02% |
|
Elect Frank Di Tomaso |
28,612,577 |
513,499 |
29,126,076 |
98.24% |
1.76% |
|
Elect Dominique Payette |
28,553,053 |
573,023 |
29,126,076 |
98.03% |
1.97% |
|
Elect Randal Milch |
28,642,577 |
483,499 |
29,126,076 |
98.34% |
1.66% |
|
Appoint Davidson and Company LLP as Auditors |
29,154,269 |
59,524 |
29,213,793 |
99.8% |
0.2% |
|
Approve the Company’s Omnibus Equity Incentive Plan |
28,428,053 |
698,023 |
29,126,076 |
97.6% |
2.4% |
About SATO
SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates one data center tailored to provide computing power for Bitcoin Mining, but may look to expand or add additional data centers for computing power for Bitcoin Mining, High Power Computing (“HPC”), Artificial Intelligence (“AI”), and L2’s. The Company is listed on TSX.V:SATO & OTCQB:CCPU.F. To learn more about SATO, visit www.bysato.com
For additional information, please contact:
Investor Relations:
Emily Berg
Phone: +1 (347) 280 3663
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.