other material
confidence high
sentiment neutral
materiality 0.65
I-On Digital shareholders approve name change to Cardio Diagnostics Holdings, reverse split, and subsidiary sale
I-ON Digital Corp.
- 26,624,628 votes for (76% of outstanding) approved sale of I-On Communications Ltd. for 20,000,000 shares and liability assumption.
- 26,623,600 votes for (76% of outstanding) approved name change to Cardio Diagnostics Holdings, Inc. and reverse split of 1-for-10 to 1-for-15.
- Proposal 3 (procedural matters) also passed but not required after approval of Proposals 1 and 2.
- Total shares present at special meeting: 26,393,997 (76% of outstanding).