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Aeva Technologies, Inc. (NASDAQ:AEVA) held its 2025 annual meeting of shareholders on Friday. The company’s stock has shown remarkable performance, delivering over 1,000% return in the past year according to InvestingPro data. According to a press release statement based on a filing with the Securities and Exchange Commission, shareholders voted on three proposals.
First, shareholders elected two Class I directors to the board. Katherine Motlagh received 22,476,419 votes in favor and 252,505 votes withheld. Stefan Sommer, Ph.D., received 19,004,080 votes in favor and 3,724,844 votes withheld. Both directors will serve until the 2028 annual meeting and until their successors are elected and qualified. There were 10,604,708 broker non-votes for each nominee.
Second, shareholders ratified the appointment of Deloitte & Touche LLP as Aeva Technologies’ independent registered public accounting firm for the fiscal year ending December 31, 2025. The proposal received 33,097,715 votes in favor, 77,910 votes against, and 158,007 abstentions.
Third, in a non-binding advisory vote, shareholders approved the compensation of the company’s named executive officers. The vote tally was 21,195,938 in favor, 1,381,401 against, and 151,585 abstentions, with 10,604,708 broker non-votes.
Aeva Technologies, headquartered in Mountain View, California, develops technology for the motor vehicle parts and accessories sector. The company’s common stock and warrants trade on The Nasdaq Stock Market LLC under the symbols AEVA and AEVA.WS, respectively.
All information is based on a press release statement and the company’s SEC filing.
In other recent news, Aeva Technologies reported its financial results for the first quarter of 2025, achieving a record product revenue of $3.4 million. The company also improved its non-GAAP operating loss by 19% year-over-year, indicating effective cost management. Canaccord Genuity raised Aeva’s stock price target from $9.50 to $16.00, maintaining a Buy rating due to increased confidence in Aeva’s revenue growth prospects through 2035. Aeva secured TISAX certification, reinforcing its position in the European automotive market as a trusted supplier. The company announced a partnership with Swiss firm Loxo to integrate its 4D LiDAR technology into Loxo’s autonomous vehicle fleet, enhancing the safety and efficiency of urban logistics. Additionally, Aeva’s 4D LiDAR technology has been selected by Airbus UpNext for the Optimate project, which aims to automate aircraft taxiing. These developments highlight Aeva’s strategic moves and partnerships as it continues to expand its market presence in both the industrial and automotive sectors.
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