other material
confidence high
sentiment neutral
materiality 0.50
Inovio shareholders approve reverse stock split at ratios from 1:10 to 1:50
INOVIO PHARMACEUTICALS, INC.
- 146,265,973 shares (53.6%) present; reverse split approved with 96,534,629 For vs 48,857,255 Against.
- Board authorized to implement split at any time within one year of Jan 12, 2024 special meeting.
- Split ratio range 1-for-10 to 1-for-50, exact ratio to be determined by Board later.
- Adjournment proposal also approved (106,842,257 For) to allow additional solicitation if needed.