Summary by Moomoo AI
N2OFF, Inc. announced on November 12, 2024, that its board of directors approved and adopted amended and restated bylaws effective November 11, 2024. The key change affects the quorum requirement for stockholder meetings.The new bylaws lower the quorum threshold from a majority of shares entitled to vote to 33.33% of the voting power of all shares entitled to vote at the meeting, present in person or by proxy. This amendment aims to facilitate shareholder meetings by reducing the number of shares required to conduct official business.The company, listed on the Nasdaq Capital Market under the symbol NITO, is classified as an emerging growth company. The full text of the Amended and Restated Bylaws has been filed as Exhibit 3.2 with the Current Report on Form 8-K.
