other_material
confidence high
sentiment neutral
materiality 0.60
Salarius stockholders approve reverse stock split and Nasdaq 20% share issuance
Decoy Therapeutics Inc.
- Reverse stock split approved at ratio of 1:4 to 1:40; Board retains discretion on timing and exact ratio.
- Nasdaq 20% issuance proposal passed, authorizing shares under December 2024 purchase agreement with C/M Capital Master Fund, LP.
- Adjournment proposal passed but was not needed; quorum of 37.10% (789,213 of 2,127,286 shares) was present.
- Reverse split vote: 561,364 for, 224,901 against; issuance vote: 124,631 for, 73,764 against (589,723 broker non-votes).
item 5.07