Earth Science Tech, Inc. (OTC: ETST) announced the voting results from its first Annual Meeting of Stockholders, held virtually on Aug. 31, 2026. The company reported that shareholders approved several key proposals, including a strategy to pursue an uplisting to a national securities exchange.
Among the approved measures, shareholders authorized the company to implement a reverse stock split, valid for 12 months, which the board may use only if deemed necessary to meet the minimum bid-price requirements for an uplisting. This move is part of a broader effort to potentially list on a major exchange, which could enhance liquidity and visibility for the company.
Additionally, shareholders authorized the board's independent Special Committee to negotiate the retirement of the Series B Preferred Stock. The company stated that this action would eliminate its dual-class, super-voting control structure, aligning corporate governance more closely with standard practices and potentially making the company more attractive to institutional investors.
The meeting also saw approval of the company's cash-only 'Say-on-Pay' executive compensation structure, with a three-year review cycle. All seven director nominees were re-elected, and Semple, Marchal & Cooper, LLP was ratified as the independent registered public accounting firm.
Earth Science Tech operates as a diversified holding company focused on the health and wellness sector. Its strategy is to build a vertically integrated healthcare platform that combines compounding pharmacy operations, telemedicine platforms, clinical support, and direct-to-patient fulfillment. The company's healthcare operations are supported by investments in real estate and asset management, as well as a consumer products business.
According to the company, the core of its value proposition lies in the seamless integration of patient care, from consultation to fulfillment, achieved through the synergy of its specialized subsidiaries.
These shareholder approvals mark a significant step in Earth Science Tech's corporate governance and strategic direction. The potential uplisting could provide the company with access to a broader investor base and increased trading liquidity, while the retirement of the Series B Preferred Stock would simplify its capital structure.
Investors and industry observers will be watching for further developments as the company moves forward with these initiatives. The audio replay of the annual meeting, which includes management guidance and additional details on the approved proposals, is available for shareholders who wish to review the full discussion.
