other material
confidence high
sentiment negative
materiality 0.65
Myomo fails to convene special meeting to approve Keystone stock issuance; withdraws proposals
MYOMO, INC.
- Special meeting on Dec 7, 2022 lacked quorum; only majority of proxies received were in favor.
- Proposal 1: Issue common stock to Keystone Capital Partners under August 2 purchase agreement in excess of Exchange Cap.
- Proposal 2: Adjourn meeting to solicit more proxies; both proposals withdrawn.
- Company will pursue other means to raise additional capital.