BackSummary
Stockholders approved a reverse stock split of common stock at a ratio between 1-for-2 and 1-for-10, with final terms determined by the Board.
Key takeaways
- Reverse stock split approved with ratio range of 1-for-2 to 1-for-10.
- Board has discretion to set exact ratio and timing by May 6, 2026.
- Approval received with 4,209,160 votes for, 1,361,166 against, 30,366 abstentions.
- Quorum of 51.62% of outstanding shares was present at the special meeting.