other material
confidence high
sentiment negative
materiality 0.70
Visium Technologies stockholders approve 1:600-1:1600 reverse stock split with 82.65% support
VISIUM TECHNOLOGIES, INC.
- Proposal passed with 1.63B votes for (82.65%) vs 335.6M against; 7.4M abstained.
- Board retains discretion to set exact ratio between 1:600 and 1:1600; authorized shares cut to 1B.
- Special meeting held June 20, 2022; 51.07% of outstanding shares represented, meeting quorum.