other material
confidence high
sentiment neutral
materiality 0.60
Tevogen Bio shareholders approve 100M share increase and reverse stock split authorization
Tevogen Bio Holdings Inc.
- Shareholders approved amending 2024 Omnibus Incentive Plan to add 100,000,000 shares, effective Feb 19, 2026.
- Shareholders authorized reverse stock split at ratio between 1:25 and 1:85, with exact ratio set by Board in its discretion.
- Both proposals passed with strong support: 147.8M for plan amendment; 176.3M for reverse split (no broker non-votes on split).
- 182.4 million shares were represented at the special meeting, ~90.5% of outstanding 201.5M shares.