Aterian adjourns annual meeting to Aug 11 for reverse stock split vote; DGCL change may ease approval

Aterian, Inc.

Proposal to adjourn meeting passed with 26.0M votes for, 7.8M against, 0.3M abstentions.
Meeting reconvened August 11, 2023 for voting on reverse split (1:2 to 1:30) and other proposals.
As of July 14, 32% of outstanding shares voted for reverse split, short of required absolute majority.
Potential DGCL amendment effective Aug 1 could lower vote threshold to majority of votes cast.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Aterian, Inc. shareholders approved Adjournment of the Annual Meeting to permit further solicitation and vote of proxies at the 2023-07-14 meeting.

Outcome: passed
Meeting: 2023-07-14

Exact text from the filing

Proposal No. 3: Adjournment Proposal The Company’s stockholders approved Proposal No. 3 to allow for one or more adjournments of the Annual Meeting to a later date or dates, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to approve Proposal No. 2 at the time of the Annual Meeting, or in the absence of a quorum, by the following vote: Votes For Votes Against Abstentions 26,004,245 7,803,344 296,780

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

Aterian, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-019973

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