---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-191945"
form_type: "8-K"
ticker: "LITS"
cik: "0001262104"
company_name: "Lite Strategy, Inc."
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:03:23.084474+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MEI Pharma terminates merger with Infinity after stockholder vote fails

## Summary
- Stockholders voted against merger: 47.86% for, 51.44% against; turnout 59.70% of outstanding shares.
- MEI terminated the Merger Agreement with Infinity on July 23, 2023, effective immediately.
- Company will continue development of Voruciclib and ME-344; clinical data expected around year-end.
- CEO David M. Urso stated focus on capturing stockholder value from pipeline programs.

## SEC filing metadata
- accession: 0001193125-23-191945
- form_type: 8-K
- ticker: LITS
- cik: 0001262104
- company_name: Lite Strategy, Inc.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262104/000119312523191945/0001193125-23-191945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262104/000119312523191945/d442693d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-191945
- JSON: https://secwatch.observer/filing/0001193125-23-191945.json
- Plain text: https://secwatch.observer/filing/0001193125-23-191945.txt

## Key facts
- Shareholder Votes
  Lite Strategy, Inc. shareholders rejected Proposal to consider and vote upon the proposal to approve, for purposes of Nasdaq Listing Rule 5635(a), of the issuance of shares of MEI Common Stock to stockholders of Infinity pursuant to the terms of the Merger Agreement at the 2023-07-23 meeting.
  - Proposal: merger approval
  - Outcome: failed
  - Meeting: 2023-07-23
  source text: Proposal No. 1 – Proposal to consider and vote upon the proposal to approve, for purposes of Nasdaq Listing Rule 5635(a), of the issuance of shares of MEI Common Stock, $0.00000002 par value per share, to stockholders of Infinity pursuant to the terms of the Merger Agreement, was as follows: For Against Abstain 1,903,448 2,046,283 27,986
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523191945/0001193125-23-191945-index.htm
- Shareholder Votes
  Lite Strategy, Inc. shareholders rejected Proposal to consider and vote upon the proposal to approve the adjournment of the Special Meeting, from time to time, if necessary or appropriate, including to solicit additional proxies in the event that there are insufficient votes at the time of the Special Meeting or any adjournment or postponem at the 2023-07-23 meeting.
  - Outcome: failed
  - Meeting: 2023-07-23
  source text: Proposal No. 2 – Proposal to consider and vote upon the proposal to approve the adjournment of the Special Meeting, from time to time, if necessary or appropriate, including to solicit additional proxies in the event that there are insufficient votes at the time of the Special Meeting or any adjournment or postponement thereof to approve Proposal No. 1, was as follows: For Against Abstain 1,926,950 2,014,469 36,298
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523191945/0001193125-23-191945-index.htm

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