- Earth Science Tech held its first annual meeting of stockholders, virtually, on August 31, 2026+
- The shareholders authorized the Board to pursue a reverse stock split, if deemed necessary, to help the company uplist to a national exchange like Nasdaq or NYSE
- During the meeting, stockholders authorized the Board’s Independent Special Committee to negotiate the retirement of the Series B Preferred Stock, which would eliminate the current dual-class voting structure
- The shareholders also ratified the appointment of Semple, Marchal & Cooper LLP, as an independent registered public accounting firm, re-elected seven director nominees, and authorized a new non-dilutive executive compensation framework
Earth Science Tech (OTC: ETST), a strategic holding company in the healthcare, pharmacy, and telemedicine sector, recently held its first Annual Meeting of Stockholders. During the meeting, shareholders voted on and approved several proposals on the company’s uplisting strategy: an offer to purchase and retire the Series B Preferred stock, re-election of seven director nominees, appointment of an independent registered public accounting firm, and new executive compensation structure (https://ibn.fm/HIqJ9).
Shareholders approved ETST’s intention to pursue a reverse stock split, valid for a period of 12 months. Per the authorization, the Board will make the decision on the reverse stock split, if it considers it necessary to meet the bid price requirements for an uplisting to Nasdaq or NYSE. Giorgio R. Saumat, CEO and Chairman of the Board, nonetheless emphasized that he will not…
NOTE TO INVESTORS: The latest news and updates relating to ETST are available in the company’s newsroom at https://ibn.fm/ETST
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