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SAN DIEGO , Dec. 23, 2024 /PRNewswire/ -- CreateAI Holdings Inc., formerly TuSimple Holdings Inc. (OTCMKTS: TSPH) ("CreateAI" or the "Company"), a global artificial intelligence technology company, today announced shareholder voting results for its annual meeting of stockholders held on December 20, 2024 (the "Annual Meeting"). As of October 28, 2024 , the record date for the Annual Meeting, there were a total of 232,618,399 shares of common stock outstanding and entitled to vote at the Annual Meeting, comprised of 208,618,399 shares of Class A Common Stock (each with one vote per share) and 24,000,000 shares of Class B Common Stock (each with ten votes per share). At the Annual Meeting, holders of 207,347,538 shares of common stock, representing 423,347,538 votes, entitled to vote at the meeting were represented in person or by proxy and, therefore, a quorum constituted of the majority of the voting power of the shares of common stock issued and outstanding and entitled to vote at the Annual Meeting was present. The following is a brief description of each matter voted upon at the 2024 Annual Meeting and the numbers of votes cast for, withheld, or against, the number of abstentions, and the number of broker non-votes with respect to each other, as applicable. 1. Election of six nominees to serve on the Board of Directors (the "Board") for a term which will expire at the 2025 annual meeting of stockholders, or, if Proposal Two is adopted, to hold office until the annual meeting of stockholders in accordance with the class of director to which each nominee will be assigned. The following six directors were elected by the votes as indicated below. For Withheld Broker Non-Votes Cheng Lu 208,949,915 164,765,019 1 49,632,604 Mo Chen 208,946,146 164,768,788 1 49,632,604 James Lu 209,109,928 164,605,006 1 49,632,604 Zhen Tao 209,158,316 164,556,618 1 49,632,604 Albert Schultz 348,895,019 1 24,819,915 49,632,604 Jianan Hao 209,021,652 164,693,282 1 49,632,604 The totals above include the 240,000,000 votes represented by the Class B shares of Common Stock. 12,000,000 shares of Class B Common Stock (representing 120,000,00 votes) were voted "FOR" and 12,000,000 shares of Class B Common stock (representing 120,000,00 votes) were voted "WITHHELD" for each of the Directors other than Albert Schultz . All shares of Class B Common Stock were voted "FOR" the election of Albert Schultz . Excluding the 240,000,000 votes from the 24,000,000 shares of Class B Common Stock from the totals above, the 183,347,538 shares of Class A Common Stock were voted as indicated below. For Withheld Broker Non-Votes Cheng Lu 88,949,915 44,765,019 49,632,604 Mo Chen 88,946,146 44,768,788 49,632,604 James Lu 89,109,928 44,605,006 49,632,604 Zhen Tao 89,158,316 44,556,618 49,632,604 Albert Schultz 108,895,019 24,819,915 49,632,604 Jianan Hao 89,021,652 44,693,282 49,632,604 2. Amendment to the Company's Restated Certificate of Incorporation to classify the Board of Directors into three classes, with directors in each class to serve staggered three-year terms. Pursuant to the Restated Certificate of Incorporation, Proposal Two must receive the affirmative vote of the holders of at least a majority of the voting power of all of the then-outstanding shares of the capital stock of the Company entitled to vote generally in the election of directors, voting together as a single class, since directors representing two-thirds (2/3) of the total number of authorized directors have already approved. The amendment was not approved 2 by the votes as indicated below: For Against 1 Abstain Broker Non-Votes 208,955,668 164,659,652 99,614 49,632,604 Because Proposal Two was not approved, the six directors elected pursuant to Proposal One will serve on the Board for a term which will expire at the 2025 annual meeting of stockholders. 3. Ratification of the appointment of UHY LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 . The selection was ratified by the votes as indicated below: For Against 1 Abstain Broker Non-Votes 255,504,371 155,923,768 11,919,399 - Note 1: Includes 120,000,000 votes of the 12,000,000 shares of Class B Common Stock held by White Marble LLC and White Marble International Limited (together, the "White Marble Entities") controlled by Dr. Xiaodi Hou . Note 2: The White Marble Entities have filed an action in the Delaware Court of Chancery seeking a declaratory judgment that the voting agreement between White Marble and Mo Chen is invalid and White Marble, not Mo Chen , controls the vote. White Marble LLC v. Chen , C.A. No. 2024-1208-PAF (Del. Ch.) On December 13, 2024 , the Court entered an order that allows the Company to hold the vote on Proposal Two, and ordered that if Proposal Two is not approved at the Annual Meeting but the Court determines in the Action that Mo Chen , not the White Marble Entities, control how the White Marble Entities' Shares are voted, then the White Marble Entities' shares shall be deemed to have been voted in favor of Proposal Two at the Annual Meeting and that such vote shall stand. The vote totals above include the votes of the shares held by the White Marble Entities as voted by the White Marble Entities. If the shares held by the White Marble entities reflected in the totals above are deemed to have been voted in favor of Proposal Two, the Proposal will have passed. Accordingly, if the Court rules in Mo Chen's favor, Proposal Two will be deemed to have passed and the Company would be permitted to amend its Certificate of Incorporation to implement Proposal Two and each of the directors elected pursuant to Proposal One will serve on the Board until the annual meeting of stockholders in accordance with the class of director to which each nominee is assigned. About CreateAI CreateAI (formerly TuSimple) is a global artificial intelligence company with offices in US, China , and Japan . The company is pioneering the future of digital entertainment content production, seamlessly blending cutting-edge generative AI technology with the creativity of world-class talent. Our mission is to redefine the boundaries of what's possible in digital storytelling by developing immersive, captivating, and visually stunning experiences that resonate with audiences on a global scale. Investor Relations Contact: ICR for CreateAI CreateAI.IR@icrinc.com View original content to download multimedia: https://www.prnewswire.com/news-releases/createai-announces-results-of-2024-annual-meeting-of-stockholders-302338618.html SOURCE CreateAI Holdings Inc
Stock market today: Wall Street slips to a rare back-to-back lossRobbins LLP reminds investors that a class action was filed on behalf of persons and entities that purchased or otherwise acquired ASP Isotopes Inc. (NASDAQ: ASPI) securities between October 30, 2024 and November 26, 2024. ASP Isotopes is a development stage advanced materials company focused on the production, enrichment, and sale of isotopes. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that ASP Isotopes Inc. (ASPI) Misled Investors Regarding its Uranium Enrichment Technology and Facility According to the complaint, during the class period, defendants failed to disclose that the Company: (1) overstated the potential effectiveness of its enrichment technology; (2) overstated the development potential of its high assay low-enriched uranium facility; and (3) overstated the Company's nuclear fuels operating segment results. Plaintiff alleges that on November 26, 2024, market research firm Fuzzy Panda Research published a report that alleged the Company is“using old, disregarded laser enrichment technology to masquerade as a new, cutting-edge Uranium enrichment.” The report revealed a series of experts interviewed stated the Company's reported cost estimates and timeline for building its HALEU uranium facilities was misleading to the point of being“delusional.” The report further alleged the Company had significantly overstated the significance of its agreement with TerraPower, which was only a“non-binding” memorandum of understanding entered into to“put pressure on [TerraPower's] real suppliers.” The report quoted a former TerraPower executives as stating that ASP Isotopes was“missing the manufacturing; They are missing the processes as well; They still have to develop the HALEU...the most important part.” On this news, the Company's stock price fell $1.80 or 23.53%, to close at $5.85 per share on November 26, 2024, and continued to fall on the subsequent trading date, falling $0.83 or 14.19%, to close at $5.02 per share on November 27, 2024. What Now : You may be eligible to participate in the class action against ASP Isotopes Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by February 3, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against ASP Isotopes Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at MENAFN24122024004107003653ID1109028391 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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Elon Musk’s preschool is the next step in his anti-woke education dreamsTHERE’S a reason why the idea of a European super league has been floated again. And a reason why England’s wealthiest clubs won’t be running a mile from the plan. That reason is: Manchester United 0 Bournemouth 3 . The fact the ‘smallest’ club in the Premier League can crush England’s largest club on their own turf, not just in one fluke result but in two consecutive seasons, is definitive proof anything can happen in the world’s richest domestic competition. Bournemouth, Nottingham Forest and Fulham were promoted together in 2022 and all sit in the top half of the table because they have enough cash, and competence, to assemble squads with at least two very decent players in every position. Brighton and Brentford also sit above United, approaching the halfway point of the season. Which torpedoes the idea of the ‘rich getting rich and the poor getting poorer’. Because, in the Premier League, there is no poor. Real Madrid and Barcelona — who are backing the latest Super League scheme — are deeply envious of the Premier League because it’s basically bloody brilliant. United and the rest of the traditional English elite are tempted by a super league because they can no longer guarantee themselves European football — and because it would offer them more money to distance themselves from those well-run upstart clubs. On Sunday, I landed after a seven-hour flight from the Middle East, during which five Premier League games had been played. CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS Two of the results — Tottenham 3 Liverpool 6 , as well as Bournemouth’s latest drubbing of United — made me laugh out loud. And yet it’s not even all that surprising any more. Ange Postecoglou’s Spurs haven’t had what you’d have once called a single bog-standard, easily predictable result, either positive or negative, in any domestic match since they beat Brentford 3-1 on September 21. Perhaps the 4-1 win over West Ham in October — but even that was the crushing of a local rival, involving a comeback, a red card and a mass brawl. And it’s not just Spurs, of course. A few weeks ago, I predicted, half-jokingly, that there might not be Champions League football in Manchester next season for the first time in 30 years. Now there is nothing vaguely funny about that statement. In fact, it’s entirely likely. City’s phenomenal meltdown — one win and nine defeats from 12 games in all competitions — has been analysed until the cows come home. But if Real, Barca or any other European powerhouse had suffered similar issues to Pep Guardiola’s side — key injuries and a squad which has aged in fast-forward — their results wouldn’t have been nearly as bad because there’d have been a comfy win or two to pick up. Which would avert the complete confidence collapse City have suffered. Instead, City lost to Bournemouth and Brighton and was drawn to Crystal Palace . Because they are all decent teams. Before City’s horror run, their previous three league games were single-goal victories over Fulham, Wolves and Southampton. Fulham had a superior ‘expected goals’ count to City at the Etihad. It took a controversial 95th-minute winner to defeat Wolves. Guardiola caused much amusement at the time by praising Russell Martin’s Saints to the hilt after City’s 1-0 home win. Pep wasn’t being patronising. He was being serious. He knew that even the bottom team could visit the champions and cause serious problems. So even City’s 12-game run does not represent such a sudden fall off a cliff edge. It was coming — because the Premier League is too bloody brilliant. United’s crisis has been dragging on for 11 years but the depths of their fall couldn’t be replicated by the richest clubs in Spain, Germany, Italy, France or anywhere else. In 55 league games since the start of last season, United have a goal difference of -2. A decade or so ago, England’s leading clubs were protected against such failures by a Champions League income which gave them a substantial and meaningful wealth gap over the smaller clubs. That has now been negated. The Premier League is so wealthy, so competitive, that the biggest clubs need a bigger cushion to protect themselves from their own failings. In Europe’s other major leagues, that buffer still exists. But Real, Barca and other major Continental clubs know that, as the global fascination with the Premier League grows, the more gloriously unpredictable it becomes. And so, another imaginary super league. This one, laughably called the Unify League because the ‘Ripping Everything To Shreds League’ would sound too obvious, and it would supposedly be based on merit with promotion and relegation and no automatic membership for the elite. Which makes it more palatable than the previous imaginary European super league - which England’s erstwhile ‘Big Six’ all signed up to. The 96-team Unify League would consist of a Star League, a Gold League, a Blue League and a Union League — making it sound as if the whole thing has been concocted by a bored nine-year-old boy in his bedroom. And yet it is backed by Real chief Florentino Perez , substantially more powerful than a bored nine-year-old boy in his bedroom. It has been dreamt up out of fear and envy by those who can’t hack the fact that the Premier League is so bloody brilliant. And at some point, whether in this decade or the next, one of these imaginary European super leagues — perhaps a worldwide super league involving the Saudis and others — will come to fruition. So, for now, enjoy Tottenham’s lunacy, relish City’s meltdown and savour United’s prolonged crisis. Because the Premier League, in all its current glory, is too good to last.
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