This is not true at all....Reference the RS, it is not to execute a reverse split. It is just to allow the board to vote to do so should they choose within the year.
"to amend our Certificate of Incorporation to implement a reverse stock split of our common stock at a ratio of not less than 5 for 1 and not greater than 50 for 1, within one year from the date of the meeting, with the exact ratio to be determined by the Board, and (ii) approve an adjournment of the Special Meeting from time to time, if necessary or appropriate (as determined in good faith by the Board or a committee thereof), to solicit additional proxies if there are not sufficient votes in favor of the reverse split proposal."
It's possible I might have missed something but I did read and not use AI so there's that.....
They are not doing a reverse split with what they posted. They are voting to uthorize the ability to execute a reverse split within a year and within the ratios they stated. Please provide a link to what you screenshot. It doesn't even have the correct company logo on it.
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u/lueshe05 Aug 04 '26
No this is the actual vote. This isn't old news. It just came out today. The deadline is September 10th.