SEATTLE, WA - Dive into the outcomes of Know Labs, Inc.'s recent Annual Meeting of Stockholders and discover the key decisions made by shareholders. Find out how these results could impact the company's future and your investment portfolio.
Know Labs, Inc., a leader in non-invasive medical diagnostics technology, revealed the results of its 2024 Annual Meeting of Stockholders on September 26, 2024. The meeting, detailed in a recent SEC filing, included the election of board members and the ratification of the company's independent auditor.
With a total of 86,777,171 shares eligible to vote as of July 30, 2024, Know Labs saw a 65.6% turnout of total shareholders, with 56,964,556 shares represented by proxies. The stockholders elected seven nominees to the Board of Directors, approved the company's independent registered public accounting firm, and authorized the issuance of shares of common stock underlying convertible notes and warrants.
Additionally, the compensation of the company's named executive officers was approved on a non-binding advisory basis. Know Labs, trading under the ticker NYSE American:KNW, is headquartered in Seattle, Washington, and is incorporated in Nevada.
Recent developments include a Q3 net loss of $4.1 million for fiscal year 2024, a successful financing round raising $1.655 million, and progress with the non-invasive glucose monitor, KnowU. The company is also focused on intellectual property monetization and patent licensing.
Despite challenges, such as negative shareholder equity and volatile stock performance, Know Labs is taking steps to improve its financial position. Analysts have set a fair value target of $1.00 per share, indicating growth potential for investors.
InvestingPro Insights:
InvestingPro data sheds light on Know Labs, Inc.'s market capitalization of $30.25 million and the challenges the company faces. With a focus on financial management strategies and market performance, investors can gain a deeper understanding of Know Labs' position in the medical diagnostics technology sector.
For a more comprehensive analysis, InvestingPro offers 10 additional tips on Know Labs, providing valuable insights for investors looking to navigate the company's financial landscape.
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