other_material
confidence high
sentiment negative
materiality 0.85
SRx Health stockholders approve 25x share increase and up to 85:1 reverse split
SRx Health Solutions, Inc.
- Authorized shares increased from 200M to 5B; additional reverse split range 15:1 to 85:1 approved.
- Issuance above 19.99% outstanding authorized under ELOC Purchase Agreement and July 2025 SPA.
- Bylaw quorum lowered from majority to one-third of outstanding shares.
- Written consent holders with 51.20% voting power approved all matters; no opposition.
- Additional reverse split must occur by March 31, 2026 at Board's discretion.
item 5.07