Item 5.07. Submission of Matters to a Vote of Security Holders.
On
As of
At the Meeting, the stockholders approved the following three proposals and cast their votes as follows:
1. To authorize, for purposes of complying with Nasdaq Listing Rule 5635, the
issuance of shares of our common stock, pursuant to the terms of that certain
Agreement and Plan of Merger and Reorganization, dated
Votes For Votes Against Votes Abstained 16,224,114 79,088 11,606
2. To approve the potential issuance of 20% or more of the Company's issued and outstanding common stock pursuant to a proposed reduction in the exercise price of outstanding warrants (the "Warrants Proposal"):
Votes For Votes Against Votes Abstained 15,722,048 498,663 94,096
3. To authorize an amendment to the Company's Certificate of Incorporation to effect a reverse stock split of its issued and outstanding common stock at a specific ratio, within a range of 1-for-5 and 1-for-20, to be determined by the Company's Board of Directors in its sole discretion and effected, if at all, within one year of the date the proposal is approved by stockholders:
Votes For Votes Against Votes Abstained 23,055,748 3,257,701 125,032
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