Zapp Electric Vehicles Group Ltd. Urges Shareholders to Vote on Key Proposals Ahead of Annual General Meeting

Zapp Electric Vehicles Group Ltd., a company specializing in the design and manufacturing of electric urban motorcycles, has issued reminders to its shareholders to vote on crucial proposals before the upcoming Annual General Meeting scheduled for May 15, 2025. The company, listed on the Nasdaq under the ticker ZAPP, is urging shareholders to support three key proposals that are vital for its strategic plans.

The proposals include increasing the company’s authorized capital and implementing a reverse stock split. These measures are essential for Zapp EV to regain compliance with Nasdaq’s listing standards. The Board of Directors has unanimously recommended voting ‘FOR’ all proposals, emphasizing their importance for the company’s future.

As of the record date, April 24, 2025, shareholders are entitled to vote at the Annual Meeting. However, the company encourages shareholders to vote their proxy in advance. Jeremy North, President of Zapp EV, highlighted the significance of these proposals, stating, “Passage of these proposals will enable Zapp to continue on its plan to regain compliance with Nasdaq’s standards for continued listing.”

Failure to approve these proposals could result in Zapp EV being delisted from Nasdaq, which may limit the company’s access to funding and negatively impact the trading volume and value of its shares. The company has expressed gratitude to shareholders who have already voted in favor of the proposals and urges others to submit their votes promptly.

Zapp Electric Vehicles Group Ltd., with a market capitalization of $3,550,000 and a close price of $0.4004 as of May 8, 2025, has experienced significant fluctuations in its stock price, with a 52-week high of $19.1 and a low of $0.2817. The company’s price-to-earnings ratio stands at -9.84, reflecting its current financial challenges.

The Annual General Meeting is set to take place at 2 p.m. Greenwich Mean Time (10 a.m. Eastern Daylight Time) on May 15, 2025. Shareholders are encouraged to participate in this critical decision-making process to support the company’s strategic initiatives and ensure its continued presence on the Nasdaq stock exchange.