Robo.ai Inc. (Nasdaq: AIIO) has announced an extraordinary general meeting (EGM) of shareholders on October 23, 2025, at Dubai Digital Park. The company will also offer remote participation via live webcast, allowing shareholders to vote and submit questions online.
The EGM comes as Robo.ai seeks shareholder approval for a significant expansion of its authorized share capital—from US$50,000 to US$400,000, increasing total shares from 500 million to 4 billion. Under the plan, Class A shares will rise from 100 million to 500 million, and Class B shares from 400 million to 3.5 billion. Each Class A share carries 25 votes, compared with one vote per Class B share.
Key Resolutions
Shareholders will consider three main resolutions:
- Share Capital Increase: Approval of the expansion to support future corporate initiatives and growth opportunities.
- Amended Corporate Governance Documents: Adoption of the Fourth Amended and Restated Memorandum and Articles of Association, reflecting the share increase, expanding board authority for stock splits and reverse splits, and implementing miscellaneous revisions.
- Authorization of Actions: Empowering directors and officers to execute all necessary agreements, filings, or actions to implement the approved resolutions, including filings in the Cayman Islands.
The EGM may also address any other business properly brought before shareholders. Only holders of record as of September 23, 2025, or their proxies, will be eligible to vote.
“Investors and shareholders are urged to carefully review the EGM materials filed with the U.S. SEC, as they contain important details about the company, the share capital changes, and related corporate governance updates,” the company noted.
With this EGM, Robo.ai positions itself to strengthen its capital base, expand governance flexibility, and streamline operational authority—all key moves for a Nasdaq-listed AI company navigating a rapidly evolving market.3
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