leadership
confidence high
sentiment neutral
materiality 0.50
CV Sciences stockholders approve 4x share increase, reverse split up to 1:400; Board reduced to 3
CV Sciences, Inc.
- Stockholders elected Dr. Joseph Maroon and Joseph Dowling as directors; 3 prior directors did not stand for re-election.
- Authorized shares increased from 200M to 800M; common stock authorized from 190M to 790M.
- Reverse stock split approved (1:10 to 1:400), at Board discretion before May 30, 2025.
- Board size reduced to 3 members to cut costs, leaving one vacancy.
- Ratification of Haskell & White as auditor for FY2022 passed; advisory vote on executive comp approved.