other_material
confidence high
sentiment neutral
materiality 0.50
BioVie shareholders authorize reverse stock split at ratio of 1:5 to 1:10
BIOVIE INC.
- 8,664,435 voted for the reverse stock split authority, 2,200,874 against, 105,722 abstain.
- Board has discretion to implement the split at any ratio between 1-for-5 and 1-for-10 within one year.
- Proposal to adjourn the special meeting if needed also passed: 8,788,143 for, 2,033,834 against.
- Total 10,971,031 shares present at the meeting out of 18,570,726 outstanding (quorum achieved).
item 5.07