Ann: BrainChip Evaluates Redomiciling to US, page-629

this is what gpt says:

If you're currently holding BrainChip shares in the U.S. via ADRs (American Depositary Receipts), those are likely unsponsored Level 1 ADRs traded on the OTCQX market under the ticker BRCHF or BCHPY.

• In this setup, ADR holders generally don’t have voting rights unless the company has set up a sponsored program that allows proxy voting through the depositary bank.

• BrainChip hasn’t done that, so ADR holders today typically can’t vote on company matters like the redomicile proposal.

However, things will change once BrainChip completes its redomiciling process.

• In the official announcement, BrainChip stated that if the redomicile goes ahead, it will cancel its OTCQX quotation and the ADR program.

• This means your ADRs will no longer exist in that form.

• Instead, they’ll be automatically converted into shares of the new U.S.-based parent company, assuming your broker supports the transition.

• These will be regular U.S.-listed shares, likely trading on NASDAQ or the Texas Stock Exchange (TXSE).

Once you hold shares in the U.S. entity directly:

• You’ll gain full voting rights, just like any other U.S. shareholder.

• You’ll be able to vote on elections, corporate actions, receive shareholder communications, and attend annual general meetings if allowed.

In summary:

• Right now, as an ADR holder, you probably can’t vote.

• You also won’t be able to vote on the redomicile plan unless you convert your ADRs into ASX-listed BRN shares ahead of the vote—which is complicated and usually not worthwhile for retail investors.

• After redomiciling, your ADRs will convert into standard U.S. shares, and you’ll receive full voting rights going forward.

So, there’s nothing you need to do right now, but once BrainChip begins the formal redomicile process, keep an eye out for communications from your broker about how your holdings will transition.

Yeah, that’s a good point. They’ll no doubt get peppered with questions about it at the AGM, and it would be smart for them to have something to say. But if they’re not ready or able to talk about it yet, they’ll probably say as much, and the questions will just have to move on to other business, I guess.