other material
confidence high
sentiment neutral
materiality 0.50
CFN stockholders approve reverse stock split up to 1-for-50; Board may decide ratio and implementation
CFN Enterprises Inc.
- Stockholders approved reverse split range 1-for-2 to 1-for-50; final ratio at Board's discretion.
- Votes: 70,224,600 for, 1,471,089 against, 185,422 abstain; no broker non-votes.
- Approval threshold met with majority of 120,692,209 issued and outstanding shares.
- Board may elect not to implement if deemed not in best interests of company or stockholders.