---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-045012"
form_type: "8-K"
ticker: "FBIO"
cik: "0001429260"
company_name: "Fortress Biotech, Inc."
filed_at: "2023-04-13T23:59:59+00:00"
generated_at: "2026-06-17T02:34:07.667244+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Fortress Biotech shareholders approve issuance of rights and Contingent Subsidiary Securities

## Summary
- Special meeting held April 10, 2023; quorum of 60,355,029 shares (53.2%).
- Proposal to satisfy Nasdaq Listing Rule 5635(c) approved: 50,498,193 for, 9,743,984 against, 112,852 abstentions.
- No broker non-votes on the issuance proposal.
- Approval allows issuance of rights and contingent securities in connection with prior financing arrangements.
- Vote was required under Nasdaq rules due to potential dilution exceeding 20% of common stock.

## SEC filing metadata
- accession: 0001104659-23-045012
- form_type: 8-K
- ticker: FBIO
- cik: 0001429260
- company_name: Fortress Biotech, Inc.
- filed_at: 2023-04-13T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1429260/000110465923045012/0001104659-23-045012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1429260/000110465923045012/tm2312804d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-045012
- JSON: https://secwatch.observer/filing/0001104659-23-045012.json
- Plain text: https://secwatch.observer/filing/0001104659-23-045012.txt

## Key facts
- Shareholder Votes
  Fortress Biotech, Inc. shareholders approved Approval of the issuance of the rights and Contingent Subsidiary Securities in order to satisfy the requirements of Nasdaq Listing Rule 5635(c) at the 2023-04-10 meeting.
  - Outcome: passed
  - Meeting: 2023-04-10
  source text: Total Votes For Total Votes Against Abstentions Broker Non-Votes 50,498,193 9,743,984 112,852 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1429260/000110465923045012/0001104659-23-045012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.