other
confidence high
sentiment neutral
materiality 0.65
Nocera shareholders approve reverse stock split (1:5-1:100) and authorized share increase to 2 bln
NOCERA, INC.
- All 6 proposals passed with ~87.3% quorum; directors elected with 12,551,955 votes for each.
- Reverse stock split authorized at ratio between 1:5 and 1:100, at Board's discretion over next year.
- Authorized shares increased from 200M to 2,000M, enabling future financing flexibility.
- Series B convertible preferred and senior secured convertible note issuances approved for Nasdaq compliance.
- Ratification of Enrome LLP as independent auditor for FY2025 approved.