6 nominees · 2 ballot items.
Two management proposals: increase authorized common stock and amend the 2023 Incentive Plan to add 11,985,779 shares, with the latter dependent on the former.
Increase the authorized shares of Common Stock from 100,000,000 to 500,000,000 and adjust related capital stock; following the capital raise, provides flexibility for future financings, acquisitions, strategic transactions, stock splits, and other corporate purposes.
Increase the number of shares of Common Stock authorized for issuance under the 2023 Incentive Plan by 11,985,779 shares; the Plan Amendment increases the share reserve to 14,000,000.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | JANUS HENDERSON GROUP PLC | 6.28% | 2,100,000 | $2M |
| 2 | Squadron Capital Management LLC | 6.28% | 2,100,000 | $2M |
| 3 | Vivo Capital, LLC | 6.28% | 2,100,000 | $2M |
| 4 | ADAGE CAPITAL PARTNERS GP, L.L.C. | 6.28% | 2,100,000 | $2M |
| 5 | AMERIPRISE FINANCIAL INC | 4.04% | 1,350,896 | $1M |
| 6 | Cable Car Capital, LP | 3.61% | 1,206,379 | $895K |
| 7 | Stonepine Capital Management, LLC | 2.49% | 831,301 | $617K |
| 8 | AdvisorShares Investments LLC | 1.01% | 337,508 | $250K |
| 9 | Persistent Asset Partners Ltd | 0.87% | 290,555 | $216K |
| 10 | RENAISSANCE TECHNOLOGIES LLC | 0.28% | 93,399 | $69K |
The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.
This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.
None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.