secwatch / observer
8-K filed June 15, 2023, 7:59 PM ET ticker SCNX CIK 0001382574
other material confidence high sentiment neutral materiality 0.60

TRxADE stockholders approve reverse split authorization and equity plan increase

Scienture Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Scienture Holdings, Inc.: Stockholders authorized the Board to amend and restate Article V, Subsection 3 of the Second Amended and Restated Certificate of Incorporation to effect a reverse stock split at a ratio ranging from one-for-ten to one-for-hundred, at the Board's discretion, by December 31, 2023.

Change
charter amendment
Exact text from the filing
The stockholders of the Company authorized the Board of Directors of the Company in its sole and absolute discretion, and without further action of the stockholders, to file a Certificate of Amendment at the 2023 Annual Meeting, which amends and restates subsection 3 of Article V ( Reverse Stock Split of Outstanding Common Stock ) to effect a reverse split of the Company’s issued and outstanding common stock, par value $0.00001 per share, at a ratio to be determined by the Board, ranging from one-for-ten to one-for-one hundred
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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Scienture Holdings, Inc. shareholders approved Election of Directors at the 2023-06-15 meeting.

Proposal
director election
Outcome
passed
Meeting
2023-06-15
Exact text from the filing
Proposal 3—Election of Directors The following individuals, constituting all of the nominees named in the Proxy Statement, were elected as directors
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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Scienture Holdings, Inc. shareholders approved Reverse Stock Split at the 2023-06-15 meeting.

Proposal
reverse split
Outcome
passed
Meeting
2023-06-15
Exact text from the filing
The following votes were taken in connection with this proposal: FOR AGAINST ABSTAIN BROKER NON-VOTE Number % Number % Number % Number % 5,327,981 52.18 88,393 0.87 0 0 0 0
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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Scienture Holdings, Inc. shareholders approved Ratification of Appointment of MaloneBailey LLP as Independent Auditor at the 2023-06-15 meeting.

Proposal
auditor ratification
Outcome
passed
Meeting
2023-06-15
Exact text from the filing
Proposal 4—Ratification of Appointment of MaloneBailey LLP as Independent Auditor The Company's stockholders approved a proposal to ratify the appointment of MaloneBailey LLP as our independent auditor for the fiscal year ending December 31, 2023. The following votes were taken in connection with this proposal: FOR AGAINST ABSTAIN BROKER NON-VOTE Number % Number % Number % Number % 5,341,101 52.31 1,673 0.02 73,600 0.72 0 0
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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Scienture Holdings, Inc. shareholders approved Amendment of the Second Amended and Restated 2019 Equity Incentive Plan at the 2023-06-15 meeting.

Proposal
equity plan
Outcome
passed
Meeting
2023-06-15
Exact text from the filing
Proposal 2—Amendment of the Second Amended and Restated 2019 Equity Incentive Plan The Company's stockholders approved a proposal to amend the Company's Second Amended and Restated 2019 Equity Incentive Plan to increase the number of shares reserved for issuance thereunder by 2,000,000 shares. The following votes were taken in connection with this proposal: FOR AGAINST ABSTAIN BROKER NON-VOTE Number % Number % Number % Number % 5,273,753 51.65 142, 621 1.40 0 0 0 0
View on SEC.gov

89 governance changes filed in the last 30 days. Browse all governance changes →

Scienture Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001493152-23-021489
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