David Humphrey
executive
Thank you, Dr. Gower. Good morning, and welcome, everyone. I am David Humphrey, the company's Chief Financial Officer, Corporate Secretary and Treasurer. Today's meeting is being recorded and will be made available on our website, ensysce.com as soon as practical after the meeting. Copies of our 2025 proxy statement and 2024 annual report can be found on the meeting web page.
Continental Stock Transfer & Trust Company has confirmed to me that the proxy materials for this meeting were mailed on or about December 5, 2025, to stockholders of record as of October 29, 2025, the record date for this meeting. An additional notice concerning adjournment and a proxy card were mailed on or about December 16, 2025, to stockholders of record as of October 29, 2025. An affidavit to this effect will be filed with the minutes of the meeting.
I, David Humphrey, the company's Chief Financial Officer, Corporate Secretary and Treasurer, and acting as Inspector of Election for this meeting and have taken the oath of office, which will be filed with the minutes of the meeting. All stockholders of record at the close of business on October 29, 2025, are entitled to vote at this meeting. A list of the stockholders as of the record date of October 29, 2025, who are entitled to vote and to receive notice and to vote at this meeting has been available for inspection at our principal offices during regular business hours for more than 10 days.
I have confirmed that a quorum is represented, so this meeting has been duly called and is officially convened. There are 5 matters before stockholders today. Each is identified on the proxy card and more fully described in our proxy statement. The first order of business is to consider the proposal to approve for purposes of complying with NASDAQ Listing Rule 5635(d), the full issuance of shares of common stock and exercise of warrants for common stock issued by the company to an investor known as Proposal 1. The Board of Directors unanimously recommends that stockholders vote in favor of Proposal 1.
The second item of business before this meeting is the amendment of the Ensysce Biosciences, Inc. amended and restated 2021 Omnibus Incentive Plan to increase the aggregate number of shares of the company's common stock that may be issued under the plan from 121,457 shares to 721,457 shares known as Proposal 2. The Board of Directors unanimously recommends that stockholders vote in favor of proposal 2. The third item of business is the election of the following 2 nominees as directors of Ensysce Biosciences, Inc. William Chang and Lee Rusch. Each director nominee has been nominated to serve as a Class I director until our 2028 Annual Meeting.
As Corporate Secretary, I've advised the company that no other nominations have been received. The Board of Directors unanimously recommends that the stockholders vote in favor of the election of each nominee to the Board.
The fourth item of business before the meeting is the ratification of the appointment of Baker Tilly US, LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025. The Board of Directors unanimously recommends that stockholders ratify the foregoing appointment.
A fifth item of business listed in the proxy statement is consideration of a proposal to adjourn the meeting. However, because this proposal is relevant only if the number of votes for another proposal is insufficient to approve that proposal, this proposal will not be considered unless that occurs.
Dr. Gower, each of the items has been properly brought before this meeting, and it does not appear at this time that the fifth item of business must be considered. Now I turn the meeting back to you.