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Every proposal put to Tevogen Inc. (Nasdaq: TVGN) stockholders at the August 24, 2026 annual meeting passed.
What complicates the read-through is the size of what they said yes to: 100,000,000 new shares added to the company's 2024 Omnibus Incentive Plan, against just 6,416,540 shares issued and outstanding as of the July 23 record date.
Proposal 3, the plan amendment, drew 5,322,668 votes in favor and 98,744 against, with 1,209 abstentions and 533,520 broker non-votes.
The risk is that one hundred million newly authorized incentive shares, against a float of 6,416,540, represent a pool that, at any meaningful deployment rate, resets the equity picture for TVGN holders.
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