Kintara shareholders approve issuance of >20% of common stock to Lincoln Park Capital Fund
TuHURA Biosciences, Inc./NV
- At special meeting Oct 9, 2023, Proposal 1 (issuance >20% of common stock to Lincoln Park Capital Fund) approved with 644,145 FOR, 39,208 AGAINST.
- Proposal 2 (adjournment if needed) also approved: 647,100 FOR, 36,634 AGAINST, 1,841 ABSTAIN.
- Approval permits Kintara to issue additional shares under the purchase agreement for capital raising.
- Dilution of existing shareholders likely given the issuance of more than 20% of outstanding common stock.