other material
confidence high
sentiment neutral
materiality 0.60
CFN Enterprises shareholders approve reverse stock split amendment with ratio up to 1:50
CFN Enterprises Inc.
- Shareholders representing 60.98% of outstanding shares (50,128,962 votes) approved the amendment.
- Reverse split range: 1-for-2 to 1-for-50; exact ratio set by Board within one year.
- Board reserves right not to implement the split if it determines it is no longer in best interests.
- Company had 82,210,664 shares outstanding at the written consent solicitation record date.