other_material
confidence high
sentiment neutral
materiality 0.60
Stockholders approve reverse stock split and Series B conversion share issuance
OLENOX INDUSTRIES INC.
- Proposal 1 (reverse split 1:10 to 1:100) approved: 4,115,971 For, 74,101 Against, 1,245 Abstain.
- Proposal 2 (issuance of conversion shares >19.99%) approved: 4,107,320 For, 82,643 Against, 1,354 Abstain.
- Proposal 3 (adjournment) approved but not needed: 4,114,648 For, 49,922 Against, 26,747 Abstain.
- Board authorized to implement reverse split at ratio within 1:10 to 1:100 at its discretion within one year.
item 5.07item 9.01