other material
confidence high
sentiment neutral
materiality 0.65
Envirotech Vehicles stockholders approve reverse stock split and share issuance to YA II PN
Envirotech Vehicles, Inc.
- Reverse stock split authorized at ratio 1:5 to 1:10, board to set final ratio.
- Share issuance to YA II PN, LTD under amended standby equity purchase agreement approved.
- Reverse split: 12,260,185 for, 215,822 against, 21,104 abstained.
- Issuance: 11,838,988 for, 178,187 against, 298,776 abstained, 181,160 broker non-votes.
- Meeting had quorum of 12,333,390 shares (53.38% of outstanding 23,106,392).