Base Carbon Inc. Announces Shareholder Meeting Results
TORONTO, June 25, 2025 — Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF), a Canadian company listed on the OTC Bulletin Board, has announced the results of its recent Shareholder Meeting. The meeting saw significant participation, with 57,044,319 common shares, representing 52.60% of the issued and outstanding shares, being represented.
During the meeting, six directors were elected to the Company’s board for the ensuing year. The directors received strong support from shareholders, with approval rates ranging from 94.84% to 99.59%. Notably, Michael Costa and Adrian Morante received the highest approval rates at 99.59% each, while Margot Naudie garnered 94.84% of the votes in favor.
In addition to the board elections, shareholders approved the amended and restated Equity Incentive Plan with 93.59% support. This plan is expected to play a crucial role in aligning the interests of the company’s management and shareholders.
Base Carbon Inc., with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp., continues to focus on its strategic initiatives as it moves forward. The company’s market capitalization stands at approximately 70,853,352 USD, with a close price of 0.56277 USD as of June 23, 2025. The stock has experienced a 52-week high of 0.6639 USD on June 5, 2025, and a low of 0.2395 USD on December 25, 2024.
The successful shareholder meeting underscores the confidence of Base Carbon’s shareholders in the company’s leadership and strategic direction. As the company continues to navigate the market, it remains committed to delivering value to its shareholders.
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