other_material
confidence high
sentiment neutral
materiality 0.72
Genprex stockholders approve reverse split (1:10-1:50), 6.5M new shares for equity plan
Genprex, Inc.
- Approved Amended & Restated 2018 Equity Plan, adding 6,500,000 shares and extending term to June 30, 2035.
- Authorized reverse stock split at ratio between 1:10 and 1:50, to be implemented at Board's discretion before Dec 31, 2026.
- Approved issuance of >20% of common stock to Lincoln Park Capital Fund under purchase agreement.
- Stockholders ratified WithumSmith+Brown as independent auditor for FY2025 with 14.2M votes for vs 1.5M against.
- Director William R. Wilson Jr. reelected with 5.6M votes for; broker non-votes of 9.6M on multiple proposals.
item 5.02item 5.07item 9.01