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Pony AI Inc. announced that all proposed resolutions, including amendments to share capital and articles of association, adoption of a new share scheme, and grants to directors, were approved at its extraordinary general meeting and class meetings held on April 2, 2026.
Pony AI Inc. successfully obtained shareholder approval for significant corporate actions at its extraordinary general meeting and class meetings held on April 2, 2026. The approved resolutions include structural changes to the company's share capital, with 20,000,000 shares being re-designated as Class A Ordinary Shares, resulting in a total of 518,911,230 Class A Ordinary Shares and 81,088,770 Class B Ordinary Shares. This capital restructuring provides the company with increased flexibility for future equity transactions. The company's governing documents were amended and restated to incorporate these changes and other approved resolutions. Shareholders also adopted the 2026 Share Scheme, which includes specific grants to directors Dr. Jun Peng (1,400,000 RSUs) and Dr. Tiancheng Lou (600,000 RSUs), aligning executive compensation with shareholder interests. Importantly, directors received two key mandates: authorization to issue additional shares and/or ADSs up to 20% of total issued shares, providing capital raising flexibility, and authorization to repurchase shares and/or ADSs up to 10% of total issued shares, enabling potential shareholder returns through buybacks. The voting results show strong support from Class B shareholders (100% approval on all proposals) and substantial, though more varied, support from Class A shareholders across different proposals.