leadership
confidence high
sentiment neutral
materiality 0.80
Onconetix shareholders elect directors and approve reverse stock split, equity plan amendments
Onconetix, Inc.
- Timothy Ramdeen and Ajit Singh were elected as Class III directors with 6,238,121 and 6,368,501 votes for, respectively.
- Approved reverse stock split at ratio between 1:30 and 1:60, with 12,403,389 votes for.
- Approved 2022 Equity Incentive Plan amendment increasing authorized shares by 54,850,000 (58,000,000 total), 4,956,245 votes for.
- Approved issuance of up to 5,709,935 shares upon Series A conversion and 269,672,900 shares upon Series B conversion.
- Ratified EisnerAmper LLP as independent auditor for FY2024 with 13,323,616 votes for.