Blockchain
SATO Technologies Corp. Provides Results from Shareholder Meeting
Toronto, Ontario–(Newsfile Corp. – June 30, 2023) – SATO Technologies Corp. (TSXV: SATO) (OTCQB: CCPUF) (the “Company”, or “SATO”) is pleased to announce that all resolutions considered at its 2023 Annual General and Special Meeting of shareholders on June 30, 2023, were approved by its shareholders. Particulars of the voting are set out at the end of this news release.
The resolutions approved by the shareholders present in person or represented by proxy at the meeting were:
- Romain Nouzareth, Frank Di Tomaso, Dominique Payette, Fred T. Pye and Mathieu Nouzareth were duly re-elected to SATO’s board of directors.
- Raymond Chabot Grant Thornton LLP was re-appointed as an independent, external auditor of SATO for the ensuing year or until its successor is appointed, and the Board was authorized to fix its remuneration.
- The Company’s Stock Option Plan was re-approved.
The resolutions voted on at the meeting are described in more detail in SATO’s Management Information Circular, dated May 26, 2023, which was mailed to shareholders and is available on SEDAR at www.sedar.com.
Detailed Voting Results
| Votes For | Votes Withheld/ Against | Total Votes Cast | Percentage of Votes For | Percentage of Votes Withheld/ Against | |
| Elect Frank Di Tomaso | 40,508,330 | 9,255,003 | 49,876,950 | 81.40% | 18.60% |
| Elect Mathieu Nouzareth | 40,508,330 | 9,255,003 | 49,876,950 | 81.40% | 18.60% |
| Elect Romain Nouzareth | 40,508,330 | 9,255,003 | 49,876,950 | 81.40% | 18.60% |
| Elect Dominique Payette | 40,508,330 | 9,255,003 | 49,876,950 | 81.40% | 18.60% |
| Elect Frederick Pye | 40,508,330 | 9,255,003 | 49,876,950 | 81.40% | 18.60% |
| Appoint Raymond Chabot Grant Thornton LLP as Auditors | 49,876,950 | 0 | 49,876,950 | 100% | 0% |
| Ratify and approve the Company’s Stock Option Plan | 40,508,330 | 9,255,003 | 49,876,950 | 81.40% | 18.60% |
About SATO
SATO, founded at Bitcoin block 494673 in 2017, is a prominent innovator in the field of computing power commodities, specializing in Bitcoin mining by efficiently operating a 20 MW data center that generates nearly 0.6 EHs of mining power. Listed on TSX.V:SATO & OTCQB:CCPU.F since 2021, the Company prides itself on outstanding performance, financial stability, and a top-tier team. To learn more about SATO’s distinct vision, ambitious goals and meet the team, visit www.bysato.com.
For additional information, please contact:
Investor Relations: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Blockchain
Switzerland Regulatory Technology Business Report 2024: Market to Surpass $550 Million by 2029, Driven by Collaborative Opportunities and Data Privacy Solutions
Swiss RegTech Market
Following a management buy-out by the management team at TOKO FZE, the business has been rebranded as Scintilla, the revolutionary platform providing on-chain solutions and services to make investments more inclusive, accessible, and efficient. Having been developed within DLA Piper’s Law& innovation portfolio, TOKO – now Scintilla has a fresh brand identity, new leadership, and innovative product offerings. Scintilla is set to reshape the future of finance by enabling businesses to unlock the power of blockchain technology across various asset classes, with DLA Piper remaining as a minority shareholder.
Regulated by Dubai’s Virtual Assets Regulatory Authority (VARA), Scintilla is one of the first digital asset companies to gain full market licenses, marking a significant milestone in the sector’s landscape. Being a regulated entity underscores Scintilla’s commitment to the highest standards of compliance and security while pioneering new solutions for tokenization in the global market.
Innovating Finance Through Tokenization
Scintilla offers a comprehensive suite of tokenization services designed to bring liquidity, transparency, and efficiency to traditional finance sectors. From tokenized financial products, and real estate all the way to new legal funding products, Scintilla’s digital asset solutions enable clients to tokenize assets that were previously inaccessible to investors or illiquid.
Scintilla’s services include:
Advisory Services: The gateway to successful market entry. From initial opportunity assessment to strategic development of game-changing tokenization-based solutions.
Use Case Development: Bringing products to life. From initial POC development and iteration towards MVP all the way through to the full market launch.
Broker/Dealer Services: Creating new markets. Regulated primary market trading, ensuring the highest levels of trust and security within the tokenization space.
Exchange Services: Universal participation. Seamless, secure secondary trading of tokenized assets, with industry-leading technology and compliance standards.
Scintilla is uniquely positioned to capitalize on the confluence of Dubai’s world-leading regulatory environment, cutting-edge technology, and the burgeoning RWA market.
A New Era for Scintilla
The relaunch of Scintilla represents more than just a rebranding—it signifies the company’s growing ambition to lead in the digital asset space. With an expanded team of industry experts, including continuing Board representation from DLA Piper, and a clear strategic vision, Scintilla is set to drive the adoption of tokenization in traditional financial markets.
“Our relaunch marks the beginning of an exciting new chapter for Scintilla and the wider industry. We are committed to pushing the boundaries of what is possible in digital finance while ensuring our solutions are underpinned by strong regulatory compliance,” said Tim Popplewell, CEO of Scintilla. “With our new suite of products and services, we are empowering investors to transform the way they manage and access value.”
Jean-Pierre Douglas-Henry, Managing Director, Sustainability and Resilience, DLA Piper added: “Innovation is a key strand in our business strategy. As our business focuses on developing and nurturing innovations that add significant value to our clients through our Law& innovation program, it is fantastic to see this solution spun out into the thriving digital asset space for the next stage of its growth and development.”
The post DLA Piper’s crypto tokenization engine TOKO relaunches as Scintilla appeared first on HIPTHER Alerts.
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