Key Highlights

• Synergy CHC Corp. (NASDAQ: SNYR) shareholders approved an amendment to increase shares available under its 2024 Equity Incentive Plan to 150,000,000.

• Investors backed a potential reverse stock split of up to 1-for-200 to address Nasdaq Listing Rules 5635 compliance.

• Approximately 65% of outstanding shares, or 9,808,119 votes, were represented at the annual meeting held June 29, 2026.

• The board previously approved the equity plan changes on April 17, 2026, ahead of shareholder ratification.

Shareholder Meeting Outcomes

Synergy CHC Corp. (NASDAQ: SNYR) secured key approvals at its 2026 annual meeting, including a major expansion of its equity incentive program. Shareholders voted to amend the company’s 2024 Equity Incentive Plan, increasing the pool of shares available for issuance to 150,000,000. The vote reflects investor support for the board’s strategy to align executive compensation with long‑term performance.

Equity Plan Expansion

The revised 2024 Plan now permits repricing of outstanding awards, a move aimed at retaining talent amid market volatility. The board initially approved the changes on April 17, 2026, before submitting them for shareholder ratification. The plan covers shares of the Company’s common stock, each carrying a par value of $0.00001 per share.

Reverse Stock Split Approval

Investors also greenlit a potential reverse stock split, with a maximum ratio of 1‑for‑200. The measure is designed to satisfy the requirements of Nasdaq Listing Rule 5635, which sets minimum bid‑price standards. The board will determine the exact ratio at a later date, pending further review of market conditions.

Voting Participation

The record indicated that there were 14,899,883 shares of the Company’s common stock. Of those, holders of Common Stock at the Annual Meeting cast 9,808,119 votes, representing roughly 65% of the eligible shares and meeting the quorum threshold for all proposals. This level of participation underscores strong shareholder interest in Synergy CHC’s governance matters.

Leadership and Auditors

Shareholders re‑elected the slate of directors, who will serve until the 2027 annual meeting. In addition, RBSM was reaffirmed as the independent public accounting firm for the fiscal year ending December 31, 2026. Both sets of votes passed with decisive majorities.

Nasdaq Compliance Focus

The approval of additional shares issuable under a lender warrant aligns with Nasdaq Listing Rule 5635, including provisions that oversee equity issuances and potential dilution. This action demonstrates Synergy CHC’s commitment to maintaining its Nasdaq listing while pursuing strategic financial adjustments.

Next Steps for Investors

With the reverse stock split and equity plan amendments now authorized, the board will finalize implementation details. The company has not yet disclosed a timeline for executing the split or for issuing new awards under the expanded plan. Investors should monitor forthcoming regulatory filings for further information.

 

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.