Healthcare Triangle holds special shareholder meeting
HCTI•Healthcare Triangle shareholders authorized reverse stock splits at ratios from 1-for-2 to 1-for-25, approved a 20% issuance proposal and an amendment to the 2020 Stock Incentive Plan at an Oct. 23 virtual meeting.
1. Shareholder approvals
Shareholders authorized the board to select reverse stock split ratios from 1-for-2 to 1-for-25, with the aggregate ratio capped at 1-for-25. They also approved issuing shares below the defined Minimum Price within specified parameters and an amendment removing reverse stock split adjustments from the 2020 Stock Incentive Plan.
2. Meeting adjournment
Shareholders authorized adjournment of the meeting, if necessary or appropriate, to solicit additional proxies.
