DEFA14A: Know Labs Adjourns Shareholder Meeting to Secure Votes

Know Labs, Inc. has adjourned its Special Shareholder Meeting to July 31, 2025, urging stockholders to vote FOR all proposals before the July 30, 2025 deadline.

Summary

• The Special Shareholder Meeting was adjourned from July 24, 2025, to July 31, 2025.
• The adjournment provides additional time for stockholders to vote on the proposals.
• The Board unanimously recommends voting FOR all proposals.
• Stockholders are urged to vote before the polls close at 11:59 PM ET on July 30, 2025.
• Shareholders can contact proxy solicitor Laurel Hill at (888) 742-1305 for voting assistance.

Sentiment

Score: 4

Explanation: The adjournment of a critical shareholder meeting and the urgent plea for votes suggest underlying challenges in securing shareholder support or meeting quorum requirements, indicating a slightly negative operational sentiment despite the board's unanimous recommendation.

Positives

• The Board unanimously recommends voting FOR all proposals, indicating strong internal alignment on the strategic direction.
• The company is actively engaging with shareholders by extending the voting period and providing contact information for assistance, demonstrating a commitment to securing necessary approvals.

Negatives

• The adjournment of the Special Shareholder Meeting suggests that the company had not yet secured sufficient votes or reached the required quorum by the original meeting date.
• The urgent tone from the CEO, emphasizing that 'every vote counts,' indicates a potential struggle to achieve the necessary shareholder participation or approval for the proposals.

Risks

• Fluctuations in the market price of Bitcoin and associated impairment charges.
• Uncertainties related to ongoing volatility in interest rates.
• Ability to achieve and maintain profitability in the future.
• Timing to consummate the proposed transaction.
• Risk that a condition of closing the proposed transaction may not be satisfied or that the closing might not occur.
• Impact of the regulatory environment on the business and complexities with compliance, including changes in securities laws or other laws or regulations.
• Changes in the accounting treatment relating to Bitcoin holdings.
• Ability to respond to general economic conditions.
• Ability to manage growth effectively and expectations regarding the development and expansion of the business.
• Ability to access sources of capital, including debt financing and other sources, to finance operations and growth.
• Other risks and uncertainties detailed in the company's most recent Annual Report on Form 10-K for the fiscal year ended September 30, 2024, Forms 10-Q and 8-K, and other reports filed with the SEC.

Future Outlook

The company's actual results and financial condition may differ materially from forward-looking statements due to inherent uncertainties, risks, and changes in circumstances. Key factors include fluctuations in Bitcoin market price, interest rate volatility, the ability to achieve profitability, the timing and consummation of proposed transactions, the impact of the regulatory environment, changes in accounting treatment for Bitcoin holdings, the ability to respond to general economic conditions, effective growth management, and access to capital.

Management Comments

• "Hello, this is Ron Erickson, Chairman and CEO, of Know Labs."
• "I'm reaching out to you regarding our Special Shareholder Meeting, which has been adjourned from July 24th to July 31st, 2025, to provide additional time within which to vote on the proposals submitted to stockholders."
• "Your vote is critical to reaching the required vote, and the Board unanimously recommends voting FOR all proposals."
• "Every vote counts—no matter how many shares you hold."
• "Please vote before the polls close at 11:59PM ET on July 30, 2025."
• "If you have any questions or need assistance voting, please contact our proxy solicitor, Laurel Hill, at (888) 742-1305."
• "Thank you for your continued support of Know Labs."

Industry Context

This filing is a standard corporate governance communication, common for publicly traded companies seeking shareholder approval for specific proposals. The need for an adjournment suggests challenges in shareholder engagement or reaching quorum/vote thresholds, which can occur across industries, particularly for smaller or less liquid companies. The explicit mention of Bitcoin holdings as a risk factor indicates the company's exposure to the cryptocurrency market, a specific and volatile industry trend.

Stakeholder Impact

• Shareholders are directly impacted as their participation and votes are critical for the company's strategic direction and the outcome of the proposals, which could affect their investment.

Next Steps

• Stockholders are to vote on the proposals before 11:59 PM ET on July 30, 2025.
• The Special Shareholder Meeting is scheduled to reconvene on July 31, 2025.

Key Dates

Recommendation

The filing is a procedural update regarding a shareholder meeting adjournment, not a financial results announcement. While the adjournment suggests potential challenges in securing shareholder votes, the board's unanimous recommendation for the proposals indicates internal alignment. The risks mentioned are general forward-looking statements. Without knowing the specific nature of the proposals or detailed financial performance, a 'hold' recommendation is appropriate as there's no new information to warrant a change in investment thesis, but the need for an adjournment introduces a minor uncertainty.

Keywords

Know Labs, KNLB, SEC filing, proxy statement, shareholder meeting, corporate governance, voting, special meeting, adjournment, investor relations, Bitcoin, risk factors