other material
confidence high
sentiment neutral
materiality 0.60
60 Degrees Pharma shareholders approve 1:5-1:12 reverse split and 5M share increase
60 DEGREES PHARMACEUTICALS, INC.
- All five director nominees elected; each received >3.6M votes for.
- Amendment to 2022 Equity Plan approved: 5M new shares authorized for issuance.
- Reverse stock split authorized at ratio between 1:5 to 1:12, effective date to be set by board.
- Modification of CEO/CFO option strike price and consultant option issuance both approved to comply with Nasdaq listing rules.
- Ratification of RBSM LLP as independent auditor for FY2024 approved with 6.2M votes for.