Company: INDP
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001641172-25-006429
Chunk: 11

Company: Indaptus Therapeutics, Inc.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 11
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  |     | The                                                                                                                     
 affirmative vote of the holders of a majority in voting power of the votes cast affirmatively or negatively.            |     | Abstentions                                                                                       
 and broker non-votes will have no effect. We do not expect any broker non-votes on this proposal. |
| Proposal                                            
 3: Approval of the Executive Compensation Proposal. |     | The                                                                                                                     
 affirmative vote of the holders of a majority in voting power of the votes cast affirmatively or negatively.            |     | Abstentions                                                                                       
 and broker-non votes will have no effect.                                                         |
| Proposal                                            
 4: Approval of the Reverse Stock Split Proposal.    |     | The                                                                                                                     
 affirmative vote of the holders of a majority in voting power of the votes cast affirmatively or negatively.            |     | Abstentions                                                                                       
 and broker-non votes will have no effect. We do not expect any broker non-votes on this proposal. |

What is a “vote withheld” and an “abstention” and how will votes withheld and abstentions be treated?

A “vote withheld,” in the case of the proposal regarding the election of directors, or an “abstention,” in the case of the proposal regarding Proposal 2 through Proposal 4, represents a stockholder’s affirmative choice to decline to vote on a proposal. Votes withheld and abstentions are counted as present and entitled to vote for purposes of determining a quorum. Votes withheld have no effect on the election of directors. Abstentions have no effect on the outcome of voting on Proposal 2 through Proposal 4.

What are broker non-votes and do they count for determining a quorum?

Generally, broker non-votes occur when shares held by a broker in “street name” for a beneficial owner are not voted with respect to a particular proposal because the broker (1) has not received voting instructions from the beneficial owner and (2) lacks discretionary voting power to vote those shares. A broker is entitled to vote shares held for a beneficial owner on routine matters, such as the Auditor Reappointment Proposal and Reverse Stock Proposal, without instructions from the beneficial owner of those shares. On the other hand, absent instructions from the beneficial owner of such shares, a broker is not entitled to vote shares held for a beneficial owner on non-routine matters, such as the approval of the Director Election Proposal and Executive Compensation Proposal. Broker non-votes count for purposes of determining whether a quorum is present.

Where can I find the voting results of the