secwatch.observer — SEC 8-K summary
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Issuer:     Scienture Holdings, Inc. (SCNX)
CIK:        0001382574
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001493152-25-023614
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scienture shareholders reject 20x authorized share increase; approve reverse split and equity plan
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- Proposal to boost authorized common shares from 100M to 2B and preferred from 10M to 200M was rejected (5.3M for, 5.5M against).
- Approved amendment to 2019 Plan increasing pool from 5M to 25M shares (5.6M for, 5.2M against).
- Approved potential future offering >20% of outstanding at below minimum price under Nasdaq Rule 5635(d) (5.6M for, 5.2M against).
- Board granted discretion to effect reverse stock split between 1:2 and 1:50 (6.3M for, 4.7M against).
- All five director nominees elected with >9.4M votes each; no broker non-votes for Proposal 5.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1382574/000149315225023614/0001493152-25-023614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1382574/000149315225023614/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-023614

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