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Galecto (GLTO) investor relations material
Galecto Proxy Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Special Meeting will vote on six key proposals, including share issuance, charter amendment, redomestication, new equity plans, and meeting adjournment.
Board recommends voting in favor of all proposals, citing strategic benefits and alignment with shareholder interests.
The meeting will be held virtually, and only shareholders of record as of the set date may vote.
Voting matters and shareholder proposals
Proposal 1: Approve issuance of common stock upon conversion of Series B and C Preferred Stock.
Proposal 2: Amend Certificate of Incorporation to increase authorized common shares from 300M to 500M.
Proposal 3: Redomesticate from Delaware to Cayman Islands, adopting new governing documents.
Proposal 4: Approve 2026 Equity Incentive Plan, authorizing 9,299,832 shares with annual increases.
Proposal 5: Approve 2026 Employee Stock Purchase Plan, authorizing 619,989 shares with annual increases.
Proposal 6: Approve adjournment/postponement of the meeting if more votes are needed.
Board of directors and corporate governance
Board remains unchanged post-redomestication, with current directors and officers continuing in their roles.
Board structure includes staggered three-year terms and classified board provisions.
Anti-takeover provisions include classified board, special meeting limitations, and preferred stock rights.
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