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Stock impact report

Qualstar Corporation Announces Plan to Reincorporate in Nevada

QUALSTAR CORP (QBAK) 
US:NASDAQ Investor Relations: qualstar.com/ir-home.php
Company Research Source: GlobeNewswire
CAMARILLO, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Qualstar Corporation (OTC: QBAK), a trusted provider of scalable data storage and high-efficiency power solutions, today announced a plan of conversion under which it will reincorporate from California to Nevada and its common stock will undergo a 3:1 split. The plan of conversion has been approved by the Company’s Board of Directors and by the holders of approximately 77.9% of the outstanding shares of the Company’s common stock, which is sufficient to approve the reincorporation under California law. Shareholders of the Company that did not vote in favor of the conversion, and that otherwise comply with certain specified procedures, have the statutory right to dissent from the conversion and receive the appraised fair market value of their shares in cash instead of becoming shareholders of the new Nevada corporation. If holders of more than 1% of the outstanding shares duly exercise their dissenters’ rights, the Board of Direct Show less Read more
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