Tonix shareholders authorize reverse stock split up to 1-for-250, approve equity plan

Filed May 7, 2026 · Period ending May 7, 2026 · ~1 min read

Key Changes

• high

  Board granted authority to execute reverse stock splits at ratios between 1:2 and 1:250 within two years, with full discretion on timing. Often used to maintain exchange listing requirements when share price falls too low.

  Item 5.07 verify on EDGAR →
• medium

  Shareholders approved 2026 Stock Incentive Plan, creating new pool of shares for employee and director compensation. Vote was closer than other proposals (2.0M for vs 1.6M against), indicating some shareholder concern about dilution.

  Item 5.07 verify on EDGAR →
• low

  Annual meeting achieved 54% quorum with all nine director nominees re-elected and PwC ratified as auditor for 2026. Routine governance matters with no contested votes.

  Item 5.07 verify on EDGAR →