Submarines operate in the 1000s of PPM CO2 range and the sailors aboard generally do not experience any ill effects. This was tested and no deficits were found even at 15,000 PPM: https://asma.kglmeridian.com/view/journals/amhp/89/6/article...
I don't think you can cleanly compare this: In the study, they added CO2 to the room, while keeping O2 at normoxic levels throughout the experiment. In your meeting room, O2 levels will be dropping in lock-step with the CO2-levels rising. It may be the lack of oxygen that leads to drowsiness, not the additional CO2. But it's the CO2 levels that you can measure as a good proxy of overall air quality.
So in practice the oxygen level can never drift meaningfully far from the atmospheric pressure, whereas carbon dioxide easily can because the pressures involved are so low.