Replies to post #47342 on OncoSec Medical Inc (ONCSQ)

[lincoln2424]

Did some research on this, based on the below, the answer lies in OncoSec’s company bylaws:

“Even though a majority shareholder may hold more than half of company shares, they may not have the authority to authorize a buyout without additional support, depending on stipulations in the company’s bylaws. In cases where a supermajority is required for a buyout, the majority shareholder can be the sole deciding factor only in cases where they hold enough stock to meet the super-majority requirement and the minority shareholders do not have additional rights to block the effort.”