Expect aggressive proxy solicitation before ASM.
The vote on increasing Shares Outstanding (proposal #3) requires a majority of all outstanding shares, not just a majority of those voted.
This is explained in the proxy:
"For Proposal No. 3, the affirmative vote of a majority of all outstanding shares entitled to vote at the Annual Meeting, and also the affirmative vote of a majority of our outstanding common stock entitled to vote at the Annual Meeting voting as a separate class, are required to approve the amendment to our Certificate of Incorporation to increase our authorized shares of common stock from 1,700,000,000 to 2,600,000,000."
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