other material
confidence high
sentiment neutral
materiality 0.70
Cingulate shareholders approve reverse stock split at ratio up to 1:15
Cingulate Inc.
- Reverse split approved with 3,458,756 votes for, 885,007 against, 28,939 abstain.
- Board can set ratio from 1-for-2 to 1-for-15 at any time within one year.
- Adjournment proposal also passed (3,469,676 for) but was unnecessary due to sufficient votes.
- Special Meeting held July 30, 2024; split intended to maintain Nasdaq listing compliance.