InspireSemi Shares Approve Plan to Continue Operations in Delaware

VANCOUVER, British Columbia and AUSTIN, Texas, Sept. 24, 2026 /CourierPR/ -- InspireSemi, a semiconductor company headquartered in Austin, Texas, announced the successful outcome of its annual general and special meeting of shareholders held on September 24, 2026. At the meeting, all resolutions, including the special resolution to approve the plan of arrangement, were passed with overwhelming support. Shareholders approved the plan of arrangement with 99.59% of the votes cast, marking a significant milestone for the company.

The plan of arrangement, which is a key part of the company's strategic move, involves continuing the operations of InspireSemi out of British Columbia, Canada, to the State of Delaware, United States. The arrangement also includes amending the company's articles and converting all proportionate voting shares into subordinate voting shares at a ratio of 100 subordinate voting shares for each proportionate voting share. This restructuring is aimed at enhancing the company's operational flexibility and market competitiveness.

While the approval of the arrangement resolution is a crucial step, the company is still awaiting final regulatory and court approvals, as well as the satisfaction of other conditions necessary to complete the arrangement. InspireSemi plans to apply for a final order for approval of the arrangement on September 29, 2026, at 9:45 a.m. (Vancouver time) before the Supreme Court of British Columbia at the courthouse located at 800 Smithe Street, Vancouver, British Columbia.

Shareholders who wish to support or oppose the final order may do so by filing a form of Response to Petition at the Vancouver Registry of the Supreme Court of British Columbia as soon as reasonably practicable and, in any event, no later than two days before the hearing. For more details on filing a Response to Petition, interested parties can refer to the Notice of Hearing of Petition for Final Order, which is available on the company’s SEDAR+ profile at www.sedarplus.ca.

The company, known for its high-performance, energy-efficient accelerated computing solutions, continues to innovate in high-performance computing (HPC), artificial intelligence (AI), and graph analytics. The Thunderbird I, a next-generation datacenter accelerator, is designed to address various industries, including financial services, computer-aided engineering, energy, climate modeling, cybersecurity, defense systems, and life sciences & drug discovery.

InspireSemi’s move to Delaware is part of its broader strategy to enhance its global presence and access to a broader investor base.

The approval of the arrangement resolution is a testament to the confidence shareholders have in the company’s leadership and its strategic direction. As InspireSemi continues to navigate the regulatory and legal processes, the company remains committed to delivering on its mission to revolutionize accelerated computing solutions.