other material
confidence high
sentiment neutral
materiality 0.70
Shareholders approve reverse stock split (1:2–1:250), equity plan increase, and share issuance at Nov 14 meeting
Q/C TECHNOLOGIES, INC.
- Reverse stock split approved at ratio from 1-for-2 to 1-for-250, with Board discretion.
- Equity incentive plan expanded by 1,375,000 shares to total 1,400,000 shares.
- Issuance of shares exceeding 20% of outstanding common stock approved, tied to prior financing agreements.
- All four proposals passed; no other matters considered at special meeting.