--- 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" generated_at: "2026-06-13T23:58:17.137624+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # TRxADE stockholders approve reverse split authorization and equity plan increase ## Summary - 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. ## SEC filing metadata - 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 - event_type: other_material - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 3.03, 5.03, 5.07, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001493152-23-021489 - JSON: https://secwatch.observer/filing/0001493152-23-021489.json - Plain text: https://secwatch.observer/filing/0001493152-23-021489.txt ## Key facts - Governance Changes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/0001493152-23-021489-index.htm - Shareholder Votes Scienture Holdings, Inc. shareholders approved Election of Directors at the 2023-06-15 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-06-15 source text: Proposal 3—Election of Directors The following individuals, constituting all of the nominees named in the Proxy Statement, were elected as directors evidence_url: https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/0001493152-23-021489-index.htm - Shareholder Votes Scienture Holdings, Inc. shareholders approved Reverse Stock Split at the 2023-06-15 meeting. - Proposal: reverse split - Outcome: passed - Meeting: 2023-06-15 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/0001493152-23-021489-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/0001493152-23-021489-index.htm - Shareholder Votes 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 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1382574/000149315223021489/0001493152-23-021489-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.