Item 5.07 Submission of Matters to a Vote of Security Holders
On
The proposals voted on at the Special Meeting are more fully described in the
Proxy Statement on Schedule 14A filed by the Company with the
Proposal No. 1: The Company's stockholders approved the issuance of 1,250,000
shares of the Company's common stock as consideration for the purchase of
certain intellectual property of
Votes Votes For Against Abstentions Broker Non-Votes 42,179,196 2,917,291 36,961 0
Proposal No. 2: The Company's stockholders approved the issuance of 1,666,667
shares of the Company's common stock as consideration for the purchase of
certain intellectual property of
Votes Votes For Against Abstentions Broker Non-Votes 41,363,072 3,733,415 36,961 0
Proposal No. 3: The Company did not approve an amendment to the exercise price
provisions of those warrants (the "Warrants") issued in connection with a
registered direct offering of the Company's securities pursuant to that Stock
Purchase Agreement entered into by and among the Company and certain investors
on
Votes
Votes For Against Abstentions Broker Non-Votes 14,461,866 30,538,084 133,498 0
As previously disclosed in the Current Report on Form 8-K filed by the Company
with the Commission on
Proposal No. 4: The Company's stockholders did not authorize the adjournment of the Special Meeting to permit the Company's board of directors to solicit additional proxies in favor of the proposals voted on at the Special Meeting, as follows:
Votes Votes For Against Abstentions Broker Non-Votes 18,559,734 26,498,341 75,373 0 -1-
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