- Bed Bath & Beyond Inc (NASDAQ:BBBY) plans to hold a special meeting of shareholders to seek approval to amend the company’s Amended and Restated Certificate of Incorporation.
- The amendment is to effect, at the discretion of the Board of Directors, a reverse stock split of the company’s common stock at a ratio of 1-for-5 to 1-for-10.
- The ratio is to be determined at the discretion of the Board.
- Also Read: Bed Bath & Beyond Reveals Receipt Of Additional Proceeds From Equity Offering
- Holders of record of the shares as of the close of business on March 27, 2023 will be entitled to notice of and to vote at the special meeting.
- “Our proposal for a reverse stock split will enable us to continue rebuilding liquidity to execute our turnaround plans and better position the Company financially,” said President and CEO Sue Gove.
- Price Action: BBBY shares are trading lower by 16.41% at $0.8610 in premarket on the last check Monday.
Laser Photonics Announced Commercial Availability of First CleanTech MARLIN Laser Blasting Product
Laser Photonics Corporation (NASDAQ: LASE), ("LPC"), a leading global industrial developer of Cleantech laser systems for laser cleaning and other materials applications, today announces the MARLIN (Marine Application Rust Laser Inhibitor) line of products is now available to customers
