Stockholders approve issuance of up to 5.0M shares upon warrant exercise

Longeveron Inc.

Special meeting held Dec 26, 2023; proposal to issue up to 5,018,183 shares upon exercise of Purchaser and Placement Agent Warrants approved.
Proposal 1: 73,244,407 for, 106,707 against, 8,413 abstain; Proposal 2 (adjournment): 73,258,560 for, 94,963 against, 6,003 abstain.
Warrants issued in October 2023 registered offering; exercise would exceed 20% of outstanding common stock pre-offering.
Approval removes condition for warrant exercises, enabling potential dilution for existing shareholders.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Longeveron Inc. shareholders approved Approval of the Adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve Proposal One (Warrant Exercise Proposal). at the 2023-12-26 meeting.

Outcome: passed
Meeting: 2023-12-26

Exact text from the filing

Proposal No. 2 – Approval of the Adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve Proposal One (Warrant Exercise Proposal). For Against Abstain Broker Non Vote 73,258,560 94,963 6,003 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Longeveron Inc. shareholders approved Approval of the Issuance of up to 5,018,183 shares of Common Stock upon the exercise of warrants. at the 2023-12-26 meeting.

Outcome: passed
Meeting: 2023-12-26

Exact text from the filing

Proposal No. 1 – Approval of the Issuance of up to 5,018,183 shares of Common Stock upon the exercise of warrants. For Against Abstain Broker Non Vote 73,244,407 106,707 8,413 0

View on SEC.gov

587 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Longeveron Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-099229

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