Mass Megawatts stockholders approve reverse stock split (1:2 to 1:100)

MASS MEGAWATTS WIND POWER INC

Stockholders approved reverse split ratio from 1:2 to 1:100; board to determine exact ratio and timing by March 2025.
Out of 172,214,579 shares outstanding, 119.8M voted (69.57%); 97.4M (56%) in favor, 21.9M opposed, 476k abstain.
Amendment to articles of organization passed at special meeting on March 26, 2024.

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

MASS MEGAWATTS WIND POWER INC: Stockholders approved an amendment to the Restated Certificate of Incorporation to effect a reverse stock split at a ratio ranging from 1:2 to 1:100, with the board authorized to determine timing within one year of approval (effective 2024-03-26).

Change: charter amendment
Effective: 2024-03-26

Exact text from the filing

The item voted related to the proposal to approve an amendment to our Restated Certificate of Incorporation, as amended, to effect a reverse stock split of our Common Stock at a reverse stock split ratio ranging from 1:2 to 1:100, and to authorize the Company’s board of directors to determine the timing of the amendment at its discretion at any time, if at all, but in any case prior to the one-year anniversary of the date on which the Reverse Stock Split is approved by the Company’s stockholders at the Special Meeting and the specific ratio of the reverse stock split

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Source: SEC EDGAR

accession 0001493152-24-011452

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