secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTELLIGENT BIO SOLUTIONS INC. (INBS)
CIK:        0001725430
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001493152-23-004127
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.03, 5.03, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INBS shareholders approve 1-for-20 reverse stock split; effective Feb 9, 2023
-----------------------------------------------------------------------------

- 1-for-20 reverse split reduces outstanding shares from ~18.3M to ~916k; authorized remains 100M.
- Split aims to raise per-share price to meet Nasdaq minimum bid price listing requirement.
- Stock continues trading as 'INBS' with new CUSIP 36151G402; no fractional shares, rounding up applies.
- Stockholders approved 1M share increase in 2019 Long Term Incentive Plan reserve to 1.5M shares.
- All seven director nominees elected at annual meeting; BDO Audit ratified as independent auditor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725430/000149315223004127/0001493152-23-004127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725430/000149315223004127/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-004127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer