other material
confidence high
sentiment negative
materiality 0.70
Bionano Genomics stockholders approve reverse stock split (1:25-1:75) and warrant share issuance
Bionano Genomics, Inc.
- At Jan 15 special meeting, stockholders approved issuance of up to 19,762,226 shares upon exercise of Series C/D warrants.
- Proposal 2 approved reverse stock split at ratio between 1-for-25 and 1-for-75, with exact ratio to be set by Board.
- Approvals required for Nasdaq listing compliance and to maintain stock price above minimum bid.
- Votes: Proposal 1 – 7.1M for, 3.3M against, 6.7M abstain, 25.3M broker non-votes.
- Votes: Proposal 2 – 29.0M for, 12.8M against, 0.6M abstain.