other material
confidence high
sentiment neutral
materiality 0.55
SusGlobal Energy shareholders approve reverse stock split at ratio of 1-for-2 to 1-for-5
SusGlobal Energy Corp.
- 49,369,652 votes for, 25,000 against; over 51% of outstanding shares voted in favor.
- Board has discretion to set exact ratio within 1:2 to 1:5 before February 15, 2023.
- Board may also abandon the reverse split entirely without further shareholder approval.
- Approximately 51.17% of outstanding shares (49.4M of 96.5M) were present at the special meeting.