8-K
filed May 12, 2023, 7:59 PM ET
ticker INBS
CIK 0001725430
other material
confidence high
sentiment neutral
materiality 0.75
Stockholders approve conversion of preferred shares; outstanding common to increase ~44% to 2.3M
INTELLIGENT BIO SOLUTIONS INC.
- Special meeting on May 8, 2023: all four proposals passed, including conversion of Series C & D preferred into common.
- Convertible notes with £1.36M outstanding balance to convert into 1,149,273 Series C shares, effective May 9.
- Upon full conversion of Series C (3.5M shares) and Series D (176k shares), common outstanding will be ~2.29M (up from ~1.58M).
- 2019 Long Term Incentive Plan amended to increase authorized shares by 50,000 to 125,000 (Proposal 3 approved).
- All conversions are in process and deemed effective as of May 10, 2023.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INTELLIGENT BIO SOLUTIONS INC. shareholders approved To approve the full conversion of Series C Convertible Preferred Stock and the issuance of shares of Common Stock in connection with such conversion.
- Outcome
- passed
Exact text from the filing
FOR AGAINST ABSTAIN 530,145 7,392 71,927
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INTELLIGENT BIO SOLUTIONS INC. shareholders approved To approve an increase in the number of shares of Common Stock authorized for issuance under the 2019 Plan by 50,000 shares.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
FOR AGAINST ABSTAIN 584,036 25,164 264
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INTELLIGENT BIO SOLUTIONS INC. shareholders approved To approve the full conversion of Series D Convertible Preferred Stock and the issuance of shares of Common Stock in connection with such conversion.
- Outcome
- passed
Exact text from the filing
FOR AGAINST ABSTAIN 585,379 23,657 428
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INTELLIGENT BIO SOLUTIONS INC. shareholders approved To approve a proposal to adjourn the Special Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies.
- Outcome
- passed
Exact text from the filing
FOR AGAINST ABSTAIN 583,313 25,538 613
View on SEC.gov
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