other material
confidence high
sentiment neutral
materiality 0.30
OCC extends poison pill stockholder rights agreement to 2031
OPTICAL CABLE CORP
- Amended Rights Agreement extends expiration from Nov 2, 2021 to Nov 2, 2031.
- No other material changes were made to the existing rights agreement.
- Rights become exercisable if a person or group acquires 15% or more of OCC common stock.
- Rights are redeemable at $0.0001 per right prior to a triggering acquisition event.