Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
REMARK HOLDINGS, INC.: Reduced stockholder meeting quorum from a majority to one-third (33.33%) of shares entitled to vote (effective 2024-01-29).
- Change
- bylaw amendment
- Effective
- 2024-01-29
Exact text from the filing
On January 29, 2024, the Board of Directors of Remark approved an amendment to Section 2.06 of Remark’s Amended and Restated Bylaws (the “Bylaws”) to reduce the quorum for the transaction of business at all meetings of stockholders, whether annual or special, from a majority to one-third or 33.33% of the shares entitled to vote thereat, present in person or by proxy
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
REMARK HOLDINGS, INC. entered into a supply with Microsoft Corporation valued at $80 million of Microsoft Azure cloud services, $2 million of Azure services credits and approximatel (effective 2024-01-29).
- Action
- entry
- Agreement
- supply
- Counterparty
- Microsoft Corporation
- Value
- $80 million of Microsoft Azure cloud services, $2 million of Azure services credits and approximatel
- Effective
- 2024-01-29
Exact text from the filing
On January 29, 2024, Microsoft Corporation (“Microsoft”) entered into a five-year cloud services and marketing agreement with Remark Holdings, Inc.
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