RNVA Rennova Health Inc (CE)

Item 5.07. Submission of Matters to a Vote of Security Holders

On December 15, 2021, Seamus Lagan, Chief Executive Officer, President and Interim Chief Financial Officer of Rennova Health, Inc. (the “Company”), and Alcimede LLC, of which Mr. Lagan is the sole manager, collectively the holders of 250,000 shares of Series L Convertible Preferred Stock and an irrevocable proxy to vote all of the outstanding shares of Series M Redeemable Convertible Preferred Stock, all of which votes with the common stock, par value $0.0001 per share (the “Common Stock”), and the Series F Convertible Preferred Stock (the “Series F Preferred Stock”), representing approximately 53.8% of the total voting power of the Company’s voting securities, approved by written consent in lieu of a special meeting of stockholders two proposals, each of which had been previously approved and recommended to be approved by the stockholders by the Board of Directors of the Company.

Proposal 1: To increase the authorized shares of Common Stock of the Company from 50 billion shares to 250 billion shares.

Proposal 2: To approve an amendment to our Certificate of Incorporation, as amended, to effect a reverse stock split of all of the outstanding shares of our Common Stock, at a specific ratio from 1-for-2,000 to 1-for-10,000, and grant authorization to our Board of Directors to determine, in its discretion, the specific ratio and timing of the reverse split any time before December 31, 2022, subject to the Board of Directors’ discretion to abandon such amendment.

The stockholder approval of the above proposals will not be effective until 20 days after an information statement that has been filed with the Securities and Exchange Commission is mailed to the holders of the Common Stock and Series F Preferred Stock.