TOWERSTREAM CORPORATION (OTCMKTS:TWER) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07.Submission of Matters to a Vote of Security
Holders.

A special meeting of the stockholders (the Meeting) of
TowerstreamCorporation (the Company) was held on May 4, 2017. A
total of 17,478,643 shares of common stock, constituting a
quorum, were present and accounted for at the Meeting. At the
Meeting, the Companys stockholders approved the following
proposal:

To grant the Board of Directors the authority, in its sole
direction, in determining a higher stock price that may be
required to meet the listing qualifications for one of the
national stock exchanges, to approve an amendment to our
Certificate of Incorporation to effect a reverse stock split of
our issued and outstanding common stock by a ratio of not less
than one-for-two and not more than one-for-one-hundred at any
time prior to May 4, 2018, with the exact ratio to be set at a
whole number within this range as determined by the Board of
Directors

The proposal was approved and the votes were cast as follows:

As of the record date for the Special Meeting, 20,777,263 shares
of common stock, 1,233 shares of Series D Convertible Preferred
Stock, and 843 shares of Series F Convertible Preferred Stock
were issued and outstanding and entitled to vote at this Meeting,
subject to beneficial ownership limitations governing the
Preferred Stock.

About TOWERSTREAM CORPORATION (OTCMKTS:TWER)

Towerstream Corporation is a provider of fixed wireless services to businesses in over 10 urban markets across the United States. The Company operates through Fixed Wireless Services (Fixed Wireless) segment. Its fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services. Towerstream installs equipment on the rooftops of the buildings in which the Fixed Wireless segment customers operate and refer to these as Customer Locations. This equipment includes receivers and antennas, and a wireless connection is established between the Customer Location to one or more of its points of presence (PoPs). It provides fixed wireless broadband services to commercial customers and delivers access over a Wireless network transmitting over both regulated and unregulated radio spectrum. It provides services to business customers in various locations, including New York City, Boston, Chicago and Houston.

TOWERSTREAM CORPORATION (OTCMKTS:TWER) Recent Trading Information

TOWERSTREAM CORPORATION (OTCMKTS:TWER) closed its last trading session down -0.002 at 0.110 with 4,313,248 shares trading hands.