other material
confidence high
sentiment neutral
materiality 0.60
SCWorx shareholders approve reverse stock split authorization up to 1:15
SCWorx Corp.
- All 8 proposals passed at Dec 23, 2024 annual meeting; directors elected with >90% support.
- Proposal 8 authorizes board to effect reverse split at ratio between 1:2 and 1:15 if Nasdaq bid price falls below $1.00.
- Proposals 4-7 authorize issuance of shares exceeding 20% of outstanding common stock (notes/warrants) below minimum price.
- Ratification of Astra Audit & Advisory as independent auditor for FY2024 approved with 953,966 votes for.
- Advisory vote on executive compensation passed (495,411 for, 28,751 against).