#Sweden #Stockholm #Stockholders #Annual Meeting #Neonode

Neonode Inc. Annual Meeting Postponement

Neonode Inc., traded under NASDAQ as NEON, recently announced the adjournment of its 2025 Annual Meeting of Stockholders, originally set for June 12, 2025. The meeting was convened but ultimately didn’t progress with any formal business due to an insufficient number of shareholders responding, failing to meet the required quorum.

The annual meeting was scheduled to take place at Neonode's head office located at Karlavägen 100 in Stockholm, Sweden. Despite the initial gathering, the lack of attendees led to an inevitable pause in discussions regarding essential company matters that shareholders were set to vote on.

To ensure that all shareholders have an adequate opportunity to participate, the meeting has been rescheduled for June 26, 2025, at 3:00 PM local time. This additional time is deemed crucial as it allows stockholders to review the proposals outlined in the proxy statement previously filed with the Securities and Exchange Commission (SEC) on April 30, 2025.

The record date to ascertain eligible stockholders who can vote remains fixed at the close of business on April 21, 2025. Notably, for those shareholders who have already submitted their proxy votes, these will remain valid unless formally revoked.

The Board of Directors at Neonode is steadfast in recommending that shareholders vote FOR all proposals on the agenda. They strongly encourage those who have not yet cast their votes to do so promptly, emphasizing the importance of participation in reaching a quorum, as meetings cannot proceed without it.

A quorum is essential for deliberating and making decisions on various proposals that can significantly impact the company's trajectory. The Neonode leadership believes that every vote carries weight—whether substantial or minimal—and urges shareholders to engage in this critical process.

For those needing additional information, all relevant documents, including the adjournment notice, proxy statement, and the company's annual Form 10-K report, are readily accessible online at the designated proxy portal.

In case of any queries or need for further clarity on voting processes, shareholders can reach out to Neonode's Chief Financial Officer, Fredrik Nihlén, via email or phone. Additionally, Pierre Daniel Alexus, the President and CEO of Neonode, is also available for contact should shareholders have concerns or insights to share related to their meeting and proposals.

As Neonode prepares for the reconvened meeting on June 26, both shareholders and board members hope for a productive session that fulfills the regulatory and operational needs of the company amid a dynamic market landscape.

In conclusion, this adjournment serves as a critical reminder of the importance of shareholder involvement and the impact of every vote in shaping the strategic direction of Neonode Inc. With a focus on fostering shareholder democracy, the company looks forward to a fully attended meeting that allows for robust discussions and a sound decision-making process moving forward.