Genvor adopts 2026 omnibus equity incentive plan reserving 7,843,555 shares
GNVR•Board adopts equity plan and governance changes
Genvor’s board, backed by majority stockholder written consent dated July 17, 2026, adopted a package of governance and capital actions.
- Equity incentive plan put in place with 7,843,555 shares reserved, featuring an IPO-linked reset to 15% fully diluted shares outstanding.
- Board authorized to execute a reverse stock split between 1-for-2 and 1-for-25 at its discretion through July 17, 2027.
- Charter and bylaws restated, tightening control of special meetings, lowering quorum to one-third of voting power, adding advance notice requirements.
