SplitMay 29, 2026, 04:38 PM
AVAX One Shareholders Approve 1:2 to 1:12 Reverse Stock Split
AI Summary
AVAX One Technology, Ltd. held its Annual Meeting of Shareholders on May 29, 2026, where key proposals were voted upon. Shareholders approved a reverse stock split of the company's common shares in a ratio of 1:2 to 1:12. Additionally, five directors were elected, and CBIZ CPAs P.C. was ratified as the independent auditor for the fiscal year ending December 31, 2026. The 2025 compensation for named executive officers also received advisory approval.
Key Highlights
- Shareholders approved a reverse stock split in a ratio of 1:2 to 1:12 with 46,903,966 votes For.
- Five directors (Matt Zhang, Young Chi Cho, Amy Griffith, Daniel Mendes, Xiao-Xiao Jichua Zhu) were elected.
- CBIZ CPAs P.C. was ratified as the independent auditor for fiscal year 2026 with 47,725,597 votes For.
- The 2025 compensation of named executive officers was approved on an advisory basis with 31,341,982 votes For.
- Total shares entitled to vote were 92,335,380, with 48,737,869 shares (52.784%) voted.
Price Impact
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