8-K
filed February 8, 2023, 6:59 PM ET
ticker DRMA
CIK 0001853816
other material
confidence high
sentiment negative
materiality 0.60
Dermata shareholders approve reverse stock split with ratio up to 1:40
Dermata Therapeutics, Inc.
- Reverse stock split proposal approved: 7,622,928 for, 135,481 against.
- Board authorized to set ratio between 1:2 and 1:40, exact ratio to be determined later.
- Adjournment proposal also approved with 7,681,932 votes for.
- Special meeting held Feb 8, 2023; vote based on 12,321,848 shares outstanding.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Dermata Therapeutics, Inc. shareholders approved Approval of the adjournment of the special meeting to the extent there are insufficient votes to approve the reverse stock split proposal at the 2023-02-08 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2023-02-08
Exact text from the filing
Proposal No. 2 : The Adjournment Proposal was approved by a vote of stockholders as follows: Votes For Votes Against Abstentions 7,681,932 87,554 28,592
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Dermata Therapeutics, Inc. shareholders approved Adoption and approval of an amendment to the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split at a ratio from one-for-two to one-for-forty, with the exact ratio determined by the board at the 2023-02-08 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2023-02-08
Exact text from the filing
Proposal No. 1 : The Reverse Stock Split Proposal was approved by a vote of stockholders as follows: Votes For Votes Against Abstentions 7,622,928 135,481 39,669
View on SEC.gov
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