HG Holdings Inc. held a meeting on July 25, 2025, during which several proposals were considered. The amendment to the company's Restated Certificate of Incorporation, aimed at reducing the number of authorized shares from 36,000,000 to 8,000,000, was approved. This change involves 7,000,000 shares of common stock and 1,000,000 shares of Blank Check Preferred Stock. The amendment was approved by the board of directors and received consent from a significant majority of the issued and outstanding shares of common stock.
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