Water Ways Technologies Inc. (WWT) Earnings Call Transcript

So good morning, ladies and gentlemen. I'm Ohad Haber, I'm the CEO and Director of Water Ways, and I am pleased to welcome you to the Special Meeting of the Shareholders of Water Ways, which is begin held virtual via Zoom video conference. The meeting will be now come to order. I will act as a Chairperson of the meeting. I have appointed [ Ian Polsak ] Corporation Legal Counsel. [ Millie Thomson ] to act as the Secretary of the meeting. Dale Loyol of the Computershare Trust Company of Canada will act as a Secretary (sic) [ scrutineer ] of the meeting.

He's going to act as scrutineer. I [ Ian Polsak ] will be acting as Secretary. And as the Secretary, I'll be reading the script on behalf of Ohad. So why don't I take over, Ohad and we'll hear more from you a little bit later. So at the meeting, registered shareholders and duly appointed proxy holders will have an opportunity to participate, ask questions and vote. Guests, including nonregistered shareholders who have not been duly appointed as proxy holders may listen and ask questions but will not be entitled to vote at this meeting. The name of the person submitting the question as well as the question itself will be read aloud before being addressed. Questions that are redundant or are unduly disruptive will not be addressed. General shareholder questions that are not relevant to the particular discussion may also not be addressed. If during the meeting, we encounter any technical difficulties, please remain logged on, and we will resume as soon as possible. I remind everyone that today's meeting may include forward-looking statements. These statements are given as of today's date and involve risks and uncertainties discussed in Water Ways public filings, which are available under its profile on sedarplus.ca. Notice of meeting. The notice calling the special meeting of shareholders and describing the matters to be considered today was mailed on June 17, 2025, to shareholders of record at 5:00 p.m. Toronto Time on June 13, 2025. The declaration with respect to such mailing is available for inspection by any shareholder and will be retained with the records of the company. Based on the preliminary scrutineer report, votes cast as of the proxy cutoff are of a sufficient number to pass the resolution to be considered at today's meeting. Ohad?

I declare that the meeting is.

Under Item 2, please.

Under notice of meeting #2.

Excuse me. Under 2. I'm a little confused. So Asi take my place, please.

Go ahead, Asi.

Okay. Unless there are any objections, I propose that we dispense with the reading of the notice of the meeting.

That doesn't sound like there are any objections. I suggest that all shareholders have a copy of the notice calling the meeting and the proxy form related to this meeting in front of them as it will be easier to follow the process of the meeting. I am advised by the scrutineer that there is a quorum present, and I have received the scrutineer's report. Now Ohad, you can read that part that you were just about to read about the meeting.

I declare that the meeting is regular, called and.

Properly constituted.

Properly constituted and it is in order for us to proceed, which is a trusting code of business (sic) [ with transaction of business. ]

With the transaction of business. Thank you, Ohad. Before commencing the business of the meeting, I would like to discuss the voting procedure. Each shareholder of the corporation is entitled to 1 vote for each share held by him or her. As the meeting is being conducted by Zoom video conference, unless a shareholder or proxy holder entitled to vote at this meeting request a ballot on any matter, I shall conduct a vote in respect of each matter by way of a show of hands in order to expedite voting. By way of procedure, once we get to voting on the proposed resolution, first, I will ask those shareholders, which are in favor of the proposed motion to show with -- to respond with a show of hands in the affirmative. I will then ask for any dissenting shareholders to respond. The responses will then be tallied to determine whether the requisite threshold to meet -- to approve the applicable resolution has been met. If you're acting as proxy today for another shareholder who is not present today and has appointed you to act as proxy on their behalf, please respond with the vote of the shareholder as communicated to you. To facilitate this meeting, a formal motion and a second to the motion for each matter will be requested from the shareholders. Once the motion has been made and seconded, I will provide the shareholders with an opportunity to ask any questions about the matter at hand and make any comments specific to the motion prior to the vote. But I would ask that any questions or comments on general matters other than the matter being voted upon take place at the end of the meeting instead. The next item of business is to consider and if deemed advisable, to pass a special resolution approving an amendment to the articles of the corporation to consolidate its outstanding common shares on the basis of 1 post-consolidation common share of the corporation for up to every 10 pre-consolidation common shares of the corporation as more particularly described in the management information circular accompanying this meeting.

I so move.