Virax Biolabs Approves Increase in Authorized Share Capital
Virax Biolabs held an extraordinary general meeting with attendance of 6.33% of outstanding shares and a quorum requirement of at least one-third plus 6 shares. Shareholders approved an ordinary resolution to increase authorized share capital from US$50,000 (2,000,000 shares) to US$12,500,000 (500,000,000 shares), adding 498,000,000 authorized shares. The vote was 61,471 for, 54,414 against, and 4,342 abstain.