other material
confidence high
sentiment neutral
materiality 0.25
CNS Pharma stockholders approve reverse split (1:2 to 1:50) and warrant repricing
CNS Pharmaceuticals, Inc.
- Reverse split authorized at ratio between 1-for-2 and 1-for-50; passed with 7,873,677 votes for, 3,121,776 against, 314,908 abstain.
- Warrant repricing approved: new exercise price lower of $1.13 per share or closing price on approval date; 1,458,915 for, 1,106,009 against, 171,894 abstain.
- Adjournment authorization passed: 8,022,415 for, 2,904,712 against, 383,234 abstain.
- Meeting held Nov 26, 2024; quorum of 11,310,361 shares (33.82% of 33,446,403 outstanding) present.