other_material
confidence high
sentiment neutral
materiality 0.60
Pulmatrix stockholders approve merger proposals; CSRC clearance still outstanding
Pulmatrix, Inc.
- All seven proposals approved by stockholders at June 16 special meeting, including issuance of shares for Cullgen merger.
- Reverse stock split authorized at ratio of 1-for-2 to 1-for-10, with final ratio to be set by board; authorized shares increased to 250M.
- Merger remains subject to CSRC approval under China's Trial Measures; Pulmatrix notes CSRC approval not yet received.
- Richard Batycky re-elected as Class II director; CBIZ CPAs ratified as auditor for FY2025 (subject to change post-merger).
- Proposal 1 (share issuance >20% and change of control) passed with 798,652 votes for, 65,788 against, 2,428 abstain.
item 5.07item 8.01