other material
confidence high
sentiment neutral
materiality 0.50
Expion360 holders approve reverse split 1:50-1:100; two directors face majority withheld votes
Expion360 Inc.
- Reverse stock split approved (for 3,622,846 vs 556,583); ratio between 1-for-50 and 1-for-100, board to decide timing.
- Directors Schaffner, Shoun, Shum elected; Lefevre and Nguyen received majority withheld votes (2.2M withheld each) but were elected per filing.
- Authorized share reduction proposal did not pass (3.77M for, 401,574 against).
- Series A and Series B warrant issuances approved conditionally upon reverse split.
- Auditor M&K CPAS ratified with 4.04M for.