Dror Ortho-Design Approves Reverse Stock Split Authorization

What Happened

• Dror Ortho-Design, Inc. (DROR) filed an 8-K on Sept 25, 2026 reporting the results of a Special Meeting held on Sept 23, 2026. Shareholders approved an amendment to the Company’s certificate of incorporation to allow a reverse stock split of common stock at a ratio between 1-for-2 and 1-for-2,000. The Board has the discretion to choose the exact ratio and timing, but must implement the Reverse Stock Split within one year of shareholder approval. All proposals put to the vote were approved.

Key Details

• Record date: August 27, 2026. Outstanding common shares entitled to vote: 976,997,116.
• Series A Convertible Preferred Stock outstanding: 5,847,937 shares, entitled to cast an aggregate of 584,793,700 votes (subject to beneficial ownership limits).
• Reverse split vote (combined results): For 707,862,992.08; Against 1,451,900; Abstain 0.
• Adjournment authority (to allow further solicitation if needed) also approved: For 709,192,992.08; Against 121,900.
• The Board will announce the exact split ratio and timing in a public announcement, no later than one year from approval. No other matters were voted on.

Why It Matters

• A reverse stock split will reduce the number of outstanding common shares and proportionally increase the per‑share price if implemented, which can affect liquidity, market perception, and listing eligibility.
• Investors should note the Board has wide discretion on the split ratio (from modest 1-for-2 up to 1-for-2,000) and the timing, so material changes to share count and per‑share metrics are possible but not yet decided.
• This filing does not include financial results, management changes, or immediate operational actions—only shareholder approval to give the Board authority to effect a reverse split.