other_material
confidence high
sentiment negative
materiality 0.60
InMed special meeting lacks quorum for share issuance vote; appoints new auditor CBIZ
InMed Pharmaceuticals Inc.
- Special meeting on June 13, 2025 lacked quorum; ~60% of voted shares favored share issuance proposal but no vote held. Board evaluating next steps.
- Marcum resigned as auditor after acquisition by CBIZ; Board appointed CBIZ as independent auditor for FY2025. No disagreements; prior material weakness remediated.
- Company amended SEPA with Yorkville to allow suspension of registration statement during black-out periods, subject to restrictions similar to insider trading policies.
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