PAVmed Shareholders Approve Reverse Stock Split and Share Reduction
Reuters
Yesterday
PAVmed Shareholders Approve Reverse Stock Split and Share Reduction
PAVmed Inc. shareholders have approved an amendment to the company's certificate of incorporation authorizing a reverse stock split at a ratio between 1-for-10 and 1-for-30, with the final ratio to be determined by the board of directors. The amendment also reduces the number of authorized common shares from 250 million to 25 million. The board plans to implement the reverse split and authorized share reduction by filing a certificate of amendment with the Delaware Secretary of State.
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