Aeternum Health files draft information statement on corporate actions - AETN News | RalliesAeternum Health files draft information statement on corporate actions
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AETN• Shareholders approve rebrand, capital changes and reverse split
- Aeternum Health shareholders authorized a rebrand to Aeternum Resources as the company pivots into critical-minerals mining and processing.
- Authorized common stock would rise to 500,000,000 shares from 250,000,000, expanding capacity for financings, partnerships, acquisitions and hiring.
- A 1-for-20 reverse stock split was authorized; 97,105,204 common shares outstanding would become about 4,855,261 shares.
- Designated Series B preferred stock would increase to 4,000,000 shares from 2,000,000; each Series B share carries votes equal to 40 common shares.
