BioAtla faces class action over advance notice bylaws; board waives challenged provisions for 2024 meeting

BioAtla, Inc.

Upendar Golla filed putative class action in Delaware Chancery on Feb 6, 2024 against BioAtla and its Board.
Lawsuit challenges certain advance notice bylaw provisions as invalid and alleges breach of fiduciary duties.
Board will not enforce challenged provisions for 2024 annual meeting, easing disclosure requirements for stockholders.
Company reserves right to waive compliance with any advance notice provisions for the meeting in its sole discretion.

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