Shineco (SISI) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
During the Company’s annual stockholder meeting on February 1, 2024, key decisions were made that shape the company’s future. Stockholders approved a flexible reverse stock split, with the exact ratio to be determined by the Board, and an increase in authorized shares of common stock to 150 million. Additionally, they greenlit the 2024 Equity Incentive Plan, elected seven directors to serve for the following year, and ratified Assentsure PAC as the independent accounting firm for the fiscal year. These strategic moves indicate a clear path for the company’s structural and leadership adjustments, signaling potential changes in the stock’s market performance.
For further insights into SISI corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
