Turnium Shareholders Back Board, Incentive Plan and Shares-for-Debt Deal at AGM

The latest announcement is out from Rmr Science Technologies ( (TSE:TTGI) ).

Turnium Technology Group Inc. reported that shareholders voted 62,198,373 common shares, or 32.79% of shares outstanding, at its annual general meeting on March 13, 2026, with 100% support for all director nominees. Ralph Garcea, Doug Childress, Jim Lovie, Craig Pentland and Paul Pagliaro were elected to the board, the board size was set at five, Zeifmans LLP was appointed auditor, and Doug Childress and Konstantin Lichtenwald were reappointed as CEO and CFO, respectively.

Shareholders also approved an Omnibus Equity Incentive Plan and a shares-for-debt transaction involving issuance of 5,353,750 shares at $0.10 per share, including 4,643,750 shares to insiders to settle CAD $464,375 of debt as part of a broader CAD $535,375 debt conversion aimed at preserving cash and strengthening the balance sheet. The debt settlement, classified as a related-party transaction under TSXV rules and MI 61-101, falls below key valuation thresholds relative to market capitalization and is therefore exempt from minority approval and formal valuation requirements, underscoring Turnium’s use of equity to improve capital structure while maintaining regulatory compliance.

More about Rmr Science Technologies

Turnium Technology Group Inc. is a global provider of Technology-as-a-Service solutions and channel-driven IT services, focused on delivering a white-labelled portfolio of business technology offerings to IT providers worldwide. The company integrates acquired businesses into a unified TaaS platform serving ISPs, MSPs, IT providers, VoIP/UCaaS, CCaaS and cloud providers through a partner-led model, emphasizing secure, scalable and uninterrupted connectivity solutions.

Average Trading Volume: 152,808

Technical Sentiment Signal: Sell

Current Market Cap: C$12.8M

See more insights into TTGI stock on TipRanks’ Stock Analysis page.