My Market Wizard

KNOW LABS, INC. 8-K Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Know Labs, Inc.
,

Filing date:

02/21/2025

TLDR:

Know Labs, Inc. announced the cancellation of its special meeting of stockholders, as the proposed reverse stock split was implemented by the board of directors without stockholder approval.

ELI5:

Know Labs canceled a meeting where they were going to ask shareholders to approve a reverse stock split (making the stock price higher by reducing the number of shares). They canceled it because they already did a reverse stock split that didn’t need shareholder approval.

Accession #:

0001654954-25-001790

Published on

Analyst Summary

  • Know Labs, Inc. canceled its special meeting of stockholders scheduled for March 7, 2025.
  • The meeting was intended to seek approval for a reverse stock split.
  • The cancellation follows the company’s announcement of a 1-for-40 reverse stock split, effective February 19, 2025.
  • The reverse stock split did not require stockholder approval due to Nevada law.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️