Longeveron (LGVN) has released an update.
Longeveron Inc. successfully convened a special stockholders’ meeting, where participants overwhelmingly voted in favor of two key proposals. The stockholders authorized an amendment to the company’s charter, empowering the Board to execute a reverse stock split of common shares at a variable ratio between 1:5 and 1:15. Additionally, they greenlit the possibility of adjourning the meeting to gather more votes if necessary. Both proposals received substantial support, reflecting stockholder confidence in the Board’s strategic decisions.
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