- Apimeds Pharmaceuticals US said Inscobee and its subsidiary Apimeds filed an amended Schedule 13D asserting they removed four directors and installed three replacements by written consent.
- The company said the consent used 6,416,365 shares subject to an irrevocable proxy and was executed without authorization.
- MindWave and Apimeds Pharmaceuticals US plan to file an emergency action in the Delaware Court of Chancery under 8 Del. C. § 225 seeking a declaration that the consent is void and requesting a temporary restraining order.
- Apimeds Pharmaceuticals US said it also engaged legal counsel in South Korea to pursue remedies under Korean law related to Inscobee’s actions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Apimeds Pharmaceuticals US Inc. published the original content used to generate this news brief on March 24, 2026, and is solely responsible for the information contained therein.