TUGA Innovations Endorses New Control Person

TUGA Innovations, Inc. (TSE:TUGA) has released an update.

TUGA Innovations, Inc. has successfully passed all resolutions at its annual general meeting, re-electing its board of directors and approving its 2024 Omnibus Equity Incentive Compensation Plan. Shareholders have also sanctioned the creation of Cesar Barbosa as a new ‘Control Person’, enabling him to fully exercise voting rights associated with his approximate 59.95% ownership of common shares. Barbosa’s potential ownership could rise to nearly 75% upon exercising his current warrants and management performance warrants.

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