SideChannel, Inc. Approves Large Reduction in Authorized Shares

What Happened SideChannel, Inc. announced on an 8‑K that at a special meeting of stockholders held September 23, 2026, shareholders approved an amendment to the company’s certificate of incorporation to substantially reduce the number of authorized shares. The amendment reduces authorized common stock from 681,000,000 to 13,100,000 shares and authorized preferred stock from 10,000,000 to 1,000,000 shares. The record date for the meeting was July 24, 2026.

Key Details

• Special meeting date: September 23, 2026; record date: July 24, 2026.
• Outstanding common shares as of the record date: 4,572,757.
• Shares represented at the meeting (quorum): 2,843,743.
• Vote result on Proposal No. 1 (certificate amendment): For 2,680,894; Against 162,791; Abstain 58; no adjournment vote was needed or presented.

Why It Matters Approving the certificate amendment significantly reduces the number of shares the company can issue without further shareholder action. That change affects the company’s authorized share pool and therefore its capacity to issue new shares (for financing, stock plans, or other corporate actions) unless the certificate is amended again. Investors should note the approved amendment and monitor future filings (e.g., the certificate of amendment filing or related SEC reports) for any follow-up actions or explanations from management.