other material
confidence high
sentiment neutral
materiality 0.55
LivePerson shareholders approve reverse stock split and increase authorized common shares to 300M
LIVEPERSON INC
- Stockholders approved reverse stock split (1:5 to 1:20 ratio) effective at Board's discretion by Oct 2, 2026; authorized shares to be reduced proportionally.
- Separate amendment increased authorized common shares from 200M to 300M (1.5x), filed Oct 3, 2025.
- All 26,551 shares of Series B Preferred Stock converted into 23,217,594 common shares, expected issuance Oct 7, 2025.
- Voting: reverse split 88.6M for, 2.2M against; stock increase 80.5M for, 10.4M against. Quorum 74.8M shares.
- Total outstanding common shares as of record date Sept 15, 2025: 150,594,095.