Aditxt Successfully Passes All Proposals At Annual Shareholders' Meeting, Including Re-Election Of Directors, Ratification Of Auditors, Issuance Of Shares For Series B-1 And B-2 Convertible Preferred Stock, Approval Of $150M Equity Line Of Credit, Increase Of Authorized Shares To 1 Billion, Authorization For Reverse Stock Split, And Amendment To 2021 Equity Incentive Plan
Portfolio Pulse from Benzinga Newsdesk
Aditxt successfully passed all proposals at its annual shareholders' meeting, including the re-election of directors, ratification of auditors, issuance of shares for Series B-1 and B-2 convertible preferred stock, approval of a $150M equity line of credit, increase of authorized shares to 1 billion, authorization for a reverse stock split, and amendment to the 2021 equity incentive plan.
August 13, 2024 | 12:34 pm
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Aditxt passed all proposals at its annual shareholders' meeting, including key financial and structural changes such as a $150M equity line of credit and authorization for a reverse stock split.
The approval of a $150M equity line of credit and authorization for a reverse stock split are significant financial and structural changes that could positively impact Aditxt's stock price in the short term by improving liquidity and potentially increasing share value.
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