---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-054722"
form_type: "8-K"
ticker: "IPSI"
cik: "0001591913"
company_name: "Innovative Payment Solutions, Inc."
filed_at: "2021-10-27T23:59:59+00:00"
generated_at: "2026-06-28T17:29:32.255821+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Shareholders approve reverse stock split (up to 1:30) and increase authorized shares to 750M at annual meeting

## Summary
- Reverse stock split approved (195.9M for, 57.9M against); board may set ratio between 1:2 and 1:30.
- Authorized common shares increased from 500M to 750M (183.7M for, 68.3M against).
- 2021 Stock Incentive Plan approved with 152.5M shares voted for (excluding broker non-votes).
- Preferred stock amendment to let board set rights failed (151.3M for vs 40.7M against).
- All six director nominees elected; RBSM LLP ratified as independent auditor for FY2021.

## SEC filing metadata
- accession: 0001213900-21-054722
- form_type: 8-K
- ticker: IPSI
- cik: 0001591913
- company_name: Innovative Payment Solutions, Inc.
- filed_at: 2021-10-27T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591913/000121390021054722/0001213900-21-054722-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591913/000121390021054722/ea149440-8k_innovative.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-054722
- JSON: https://secwatch.observer/filing/0001213900-21-054722.json
- Plain text: https://secwatch.observer/filing/0001213900-21-054722.txt

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