of Shareholders
MEETING DATE
RECONCILED · MIXED
Reconciled against the company’s Form 8-K Item 5.07 filed 2026-06-15.
ITEM-BY-ITEM RECOMMENDATIONS
Approval permits Common Stock issuance upon conversion of Existing Preferred Stock beyond Nasdaq’s 19.99% threshold.
Approval permits Common Stock issuance upon Series F conversions beyond Nasdaq’s 19.99% threshold.
Approval permits Common Stock issuance upon conversion of outstanding promissory notes beyond Nasdaq’s 19.99% threshold.
Approval permits Common Stock issuance upon exercise or exchange of outstanding warrants beyond Nasdaq’s 19.99% threshold.
The amendment adds 5,000,000 shares and an automatic increase tied to Series F conversions.
Filing states the reverse stock split could discourage unsolicited takeovers and help current management retain its position.
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