MetaVia stockholders approve reverse stock split, equity plan expansion

MetaVia Inc. (NASDAQ: MTVA) stockholders approved several proposals at the company's annual meeting on June 8, 2026, including a reverse stock split and an expansion of the equity incentive plan.

The reverse stock split proposal passed with 2,472,949 votes in favor and 373,239 votes against. The amendment to the company's certificate of incorporation authorizes a reverse split at a ratio between 1-for-5 and 1-for-22, with the specific ratio to be determined by the board of directors. Under the split, every 5 to 22 existing shares would be combined into one new share.

Stockholders also approved the first amendment to MetaVia's 2022 Equity Incentive Plan, which increases the number of common stock shares available for issuance under the plan by 200,000 shares. The proposal received 1,893,233 votes in favor and 35,799 votes against.

Two Class I directors were elected to serve three-year terms until the 2029 annual meeting. D. Gordon Strickland received 1,927,368 votes and James P. Tursi received 1,926,735 votes.

The stockholders ratified the appointment of BDO USA, P.C. as the company's independent registered public accounting firm for fiscal year 2026, with 2,772,109 votes in favor.

A total of 2,866,545 shares were present at the virtual meeting, constituting a quorum. The company also received approval for a proposal authorizing adjournment of the meeting if needed to solicit additional proxies.

The information was disclosed in a regulatory filing based on the company's annual stockholder meeting results.

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