other_material
confidence high
sentiment neutral
materiality 0.50
Citius Pharmaceuticals increases authorized shares 10x, redeems Series A Preferred for $100
Citius Pharmaceuticals, Inc.
- Authorized shares increased from 26M to 260M; common shares from 16M to 250M.
- Amendment approved at special meeting on June 9, 2025: 547M for, 457M against, 520K abstain.
- Series A Preferred (1B votes) automatically redeemed for $100, mirrored votes cast proportionally.
- Adjournment proposal became moot after amendment approval.
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