Not independent
Tenure on this board
6.7 yrs
9 nominees · 2 ballot items.
Approval to issue shares exceeding 20% to Lind Global Asset Management XII LLC and approval to amend the certificate to authorize a reverse stock split (1-for-5 to 1-for-20) at board discretion.
Authorize issuance of additional shares exceeding 20% of outstanding common stock to Lind Global Asset Management XII LLC related to senior secured convertible notes and warrants issued in 2025 and 2026, to satisfy NYSE American Rule 713 requirements.
Authorize an amendment to the certificate of incorporation to permit the board to effect a reverse stock split by one of several ratios between 1-for-5 and 1-for-20, to be determined by the board in its discretion.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Lagoda Investment Management, L.P. | 193.9% | 16,149,000 | $3M |
| 2 | GEODE CAPITAL MANAGEMENT, LLC | 12.7% | 1,060,506 | $214K |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 12.2% | 1,013,673 | $205K |
| 4 | LUMINUS MANAGEMENT LLC | 11.9% | 995,000 | $201K |
| 5 | STATE STREET CORP | 8.2% | 679,938 | $137K |
| 6 | VANGUARD FIDUCIARY TRUST CO | 6.0% | 502,657 | $102K |
| 7 | BlackRock, Inc. | 5.3% | 445,187 | $90K |
| 8 | NORTHERN TRUST CORP | 3.1% | 259,593 | $52K |
| 9 | Silverberg Bernstein Capital Management LLC | 3.0% | 251,215 | $51K |
| 10 | Wealthspire Advisors, LLC | 2.6% | 220,000 | $44K |
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.