other material
confidence high
sentiment neutral
materiality 0.45
Fly-E shareholders approve reverse stock split of 1:2 to 1:20
Fly-E Group, Inc.
- Reverse stock split approved by 17,313,674 votes FOR, 187,237 AGAINST, 4 abstain.
- Board has discretion to set ratio within 1:2 to 1:20 and timing within one year.
- Special meeting adjourned from Sept 15 to Oct 13 to achieve quorum; record date moved to Oct 2.
- No broker non-votes recorded on the proposal.