USGlobal Airways: BALTIA AIR LINES, INC. (OTCMKTS:BLTA) Files An 8-K Submission of Matters to a Vote of Security Holders

On May 11, 2017, Baltia Air Lines, Inc. (the Company) held a special meeting of stockholders (the Meeting) at which the Companys stockholders voted on: (i) a proposal to amend the Companys certificate of incorporation to change its name from Baltia Air Lines, Inc. to USGlobal Airways, Inc., such name change to occur at such time and date, as determined by the Companys Board of Directors (the Board) (the Name Change Proposal) and (ii) a proposal to amend Article III of the Companys certificate of incorporation to effect a reverse stock split of the Companys capital stock at a ratio of between one-for-25 and one-for-50, with such ratio to be determined at the sole discretion of the Board and with such reverse stock split to be effected at such time and date, if at all, as determined by the Board in its sole discretion (the Reverse Split Proposal). The Meeting was properly adjourned until June 9, 2017 to permit the receipt of additional votes in connection with the approval of the Name Change Proposal and the Reverse Split Proposal. Stockholders of record at the close of business on April 20, 2017 were entitled to one vote for each share of common stock and 38,461 votes per share of Series C Convertible Preferred Stock, both the Common Stock and Series C Preferred Stock voting as one class. On April 20, 2017, there were 9,442,175,250 shares of common stock issued and outstanding and 4,100 shares of Series C Convertible Preferred Stock issued and outstanding. Proposal No.1 Name Change