Dilution Watching & Huge A/S Warning

[sludgehound]

VTEQ A/S 50M to 500M

http://ih.advfn.com/p.php?pid=nmona&article=63090138&xref=newsalert

def 14c link 5:07pm et

To the Stockholders of VeriTeQ Corporation:

The accompanying Information Statement has been filed with the Securities and Exchange Commission (the "Commission") and is being furnished, pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to the holders (the “Stockholders”) of the common stock, par value $0.01 per share (the “Common Stock”), of VeriTeQ Corporation, a Delaware corporation (the “Company”), to notify such Stockholders that on June 18, 2014, the Company received written consents in lieu of a meeting of the Stockholders from holders of shares of voting securities representing approximately 57% of the total issued and outstanding shares of voting stock of the Company (the “Majority Stockholders”) to authorize the Company’s Board of Directors (the "Board") to approve the following:

(1) to increase the number of authorized shares of the Company’s Common Stock from 50,000,000 shares to 500,000,000 shares (the “Increase in Authorized Common Stock”);

(2) to reduce the par value of the Company’s Preferred Stock from $10.00 per share to $0.01 per share (the “ Decrease in Preferred Stock Par Value”); and

(3) to approve and adopt the Company’s 2014 Stock Incentive Plan (the “2014 Stock Plan”).