Company: IOBT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047744
Chunk: 231

Company: IO Biotech, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 231
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 our company may deem advantageous. These provisions: 

•establish a classified board of directors so that not all members of our board of directors are elected at one time; 

•permit the board of directors to establish the number of directors and fill any vacancies and newly-created directorships; 

•provide that directors may only be removed for cause and only by the affirmative vote of the holders of at least a majority of the voting power of all then outstanding shares of our capital stock; 

•require super-majority voting to amend some provisions in our amended and restated certificate of incorporation and bylaws; 

•authorize the issuance of “blank check” preferred stock that our board of directors could use to implement a stockholder rights plan; 

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•prohibit stockholders from calling special meetings of stockholders; 

•prohibit stockholder action by written consent, which requires all stockholder actions to be taken at a meeting of our stockholders; 

•provide that the board of directors is expressly authorized to make, alter or repeal our bylaws; 

•restrict the forum for certain litigation against us to Delaware; and 

•establish advance notice requirements for nominations for election to our board of directors or for proposing matters that can be acted upon by stockholders at annual stockholder meetings. 

Any provision of our amended and restated certificate of incorporation or bylaws or Delaware law that has the effect of delaying or deterring a change in control could limit the opportunity for our stockholders to receive a premium for their shares of our common stock, and could also affect the price that some investors are willing to pay for our common stock. 

Our amended and restated certificate of incorporation designates a state or federal court located within the state of Delaware as the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to choose the judicial forum for disputes with us or our directors, officers or employees. 

Our amended and restated certificate of incorporation provides that, unless we consent in writing to the selection of an alternative forum, to the fullest extent permitted by law, the sole and exclusive forum for (1) any derivative action or proceeding brought on our behalf under Delaware law; (2) any action asserting a claim of breach of a fiduciary duty owed by any of our directors, officers or other employees to us or our stockholders; (3) any action arising pursuant to any provision of the Delaware General Corporation Law (“DGCL”), our amended and restated certificate of incorporation or bylaws; (4