Onfolio stockholders back board authority for reverse stock split range 1-for-5 to 1-for-50

Reuters04-10 18:02
Onfolio stockholders back board authority for reverse stock split range 1-for-5 to 1-for-50
  • Onfolio stockholders voted April 6, 2026 at a special meeting.
  • Reverse stock split authorization was adopted, allowing board discretion to set a ratio from 1-for-5 to 1-for-50 within one year.
  • Share issuance related to convertible promissory notes was authorized, including approval of the conversion floor price.
  • Amendment to increase authorized common shares to 300,000,000 from 50,000,000 was adopted.
  • Authority to adjourn meeting, if needed, to solicit additional proxies was adopted.


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