{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-021489","form_type":"8-K","ticker":"SCNX","cik":"0001382574","company_name":"Scienture Holdings, Inc.","filed_at":"2023-06-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.653289+00:00","generated_at":"2026-06-13T23:58:17.137624+00:00","sec_items":["3.03","5.03","5.07","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"TRxADE stockholders approve reverse split authorization and equity plan increase","bullets":["Stockholders authorized reverse stock split at ratio of 1:10 to 1:100, board has discretion to implement by Dec 31, 2023.","Equity Incentive Plan amended to increase reserved shares by 2,000,000 shares; approved with 51.65% of votes.","Directors Suren Ajjarapu, Prashant Patel, Donald G. Fell, Michael L. Peterson, Jeff Newell reelected.","Ratification of MaloneBailey LLP as independent auditor for FY 2023 approved with 52.31% of votes."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-021489","json":"https://secwatch.observer/filing/0001493152-23-021489.json","markdown":"https://secwatch.observer/filing/0001493152-23-021489.md","text":"https://secwatch.observer/filing/0001493152-23-021489.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/0001493152-23-021489-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T23:58:17.137624+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"352a744e0df5fed10361215bcb840c91fb148c28","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/0001493152-23-021489-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"199b156da4aae599ec75df956e7f371c692c0f3d","claim":"Scienture Holdings, Inc. shareholders approved Election of Directors at the 2023-06-15 meeting.","evidence_excerpt":"Proposal 3—Election of Directors The following individuals, constituting all of the nominees named in the Proxy Statement, were elected as directors","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/0001493152-23-021489-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-06-15"}],"fact_type":"shareholder_vote"},{"claim_id":"68082070cfb113bf6d38bb2e6a01b3219941dce7","claim":"Scienture Holdings, Inc. shareholders approved Reverse Stock Split at the 2023-06-15 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/0001493152-23-021489-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-06-15"}],"fact_type":"shareholder_vote"},{"claim_id":"e8d2f3882a54439c39446e17749ae5fd436529f7","claim":"Scienture Holdings, Inc. shareholders approved Ratification of Appointment of MaloneBailey LLP as Independent Auditor at the 2023-06-15 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/0001493152-23-021489-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-06-15"}],"fact_type":"shareholder_vote"},{"claim_id":"fcde5f4f37f6dfd93c4e4e6e7ca423bc89104765","claim":"Scienture Holdings, Inc. shareholders approved Amendment of the Second Amended and Restated 2019 Equity Incentive Plan at the 2023-06-15 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/0001493152-23-021489-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-06-15"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}