Good morning. Welcome to the SkyWater Technology, Inc. Annual Meeting of Stockholders. I would now like to turn the conference over to Timothy E. Baxter. Please go ahead.
Good morning. I'm Timothy Baxter, chair of the board of directors of SkyWater Technology, Inc. Welcome to our virtual special meeting of the stockholders. Pursuant to the company's bylaws, I will act as chair of the special meeting. Christopher Hilberg, secretary of the company, will act as secretary of the special meeting. We will conduct the business portion of the meeting first. After the formal meeting has adjourned, we will answer stockholder questions submitted in advance of and during the special meeting. Please note, the agenda and rules of this meeting are also available on the meeting website.
This meeting is now formally called to order. The polls are open for voting on all matters to be presented. Please note, the polls will close in several minutes. Any stockholder who has not yet voted may do so by clicking on the voting link on the meeting website and following the instructions. No further action is necessary for stockholders who have sent in proxies or already voted. Mr. Hilberg, would you present the notice of this meeting and report as to its mailing?
The board of directors fixed 26 March 2026, as the record date for determining stockholders entitled to notice of and vote at this special meeting and any adjournment or postponement hereof. I have received an affidavit from Broadridge Financial Solutions indicating that the notice of the special meeting of stockholders was mailed on or about 31 March 2026, to each stockholder of record as of the record date. This special meeting of stockholders is being held for the purposes set forth in the notice of the special meeting of stockholders.
Thank you. Will you now report on the attendance at this meeting?
There were 49,156,853 shares of the company's common stock issued on 26th March 2026, and entitled to vote at this meeting. There are at least 33,080,837 shares of common stock represented in person or by proxy at this meeting, which is approximately 67% of the total number of shares entitled to vote, constituting a quorum. As a reminder, any stockholder who has not yet voted should do so now by clicking the voting link on the meeting website and following the instructions.
Thank you. Legal notice of the meeting has been given, and there is a quorum of the common stock present. This meeting is therefore lawfully convened and ready to transact business. The first item of business is the adoption of the agreement and plan of merger dated as of 25th January 2026 , among IonQ, Inc., Iris Merger Subsidiary 1 Inc., Iris Merger Subsidiary 2 LLC, and the company. The second item of business is the approval of the adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes to adopt the merger agreement. We have received proxies from the company's stockholders authorizing us to vote shares on the items of business for this meeting, and we have voted these shares accordingly. I now declare the polls for voting at this meeting closed.
Based on a preliminary tabulation from the inspector of election, I can report that the proposal to adopt the agreement and plan of merger has received the affirmative vote of at least the majority of all shares outstanding. Because the first proposal to adopt the merger agreement was approved, the proposal to adjourn the special meeting to solicit additional proxies is not necessary and will not be acted upon. The final voting result of those items of business will be included in a Form 8-K filing that the company will make with the SEC in the next few days. I hereby direct the results of the voting to be incorporated into the minutes of this meeting. That completes our official business agenda for today. Consequently, I declare the meeting adjourned. We have not received any questions, so I thank you for attending our special meeting, which is now concluded.
The conference is now concluded, and thank you for attending today's presentation, and you may now disconnect your lines.