other_material
confidence high
sentiment negative
materiality 0.65
Onconetix shareholders approve reverse stock split up to 1-for-10
Onconetix, Inc.
- Reverse split proposal approved with 1,301,918 for, 253,378 against, 1,393 abstentions.
- Board may implement one or more splits at ratios between 1:2 and 1:10 within one year, not exceeding 1:100 aggregate.
- Adjournment proposal also approved with 1,332,088 for, 223,071 against, 1,530 abstentions.
- Reverse split authorized without further stockholder approval; exact ratio to be set by the board.
item 5.07item 9.01
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