8-K Form - Current report, item 5.07 - PharmaCyte Biotech, Inc. (0001157075) (Filer)
Annual Meeting Overview: PharmaCyte Biotech, Inc. held its annual meeting on April 24, 2025, with approximately 46.92% of outstanding shares represented, where stockholders voted on three proposals including the election of directors and ratification of an independent accounting firm.
Voting Results: The proposals included the election of five directors for a term until April 30, 2026, the selection of CBIZ CPAs P.C. as the independent auditor for the fiscal year ending April 30, 2025, and a non-binding advisory vote on executive compensation.
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PharmaCyte Monetizes Femasys Stake, Boosts Cash to $20 Million
- Enhanced Financial Strength: PharmaCyte successfully monetized its stake in Femasys, with cash and marketable securities expected to rise from $13.3 million to approximately $20 million, significantly improving the company's financial stability and investment capacity.
- Effective Strategic Execution: CEO Josh Silverman stated that this monetization validates the company's strategic and disciplined capital allocation approach, with plans to continue pursuing value-accretive investment opportunities to enhance shareholder returns.
- Market Performance Analysis: Despite the improved financial position, PharmaCyte's stock currently trades at $0.65 per share with approximately 6.8 million shares outstanding, indicating a cautious market sentiment regarding its long-term value.
- Ongoing Investment Strategy: PharmaCyte intends to maintain strict operational management and capital deployment strategies to further enhance shareholder returns while seizing high-quality investment opportunities.
