Summary by Moomoo AI
David E. Lazar has significantly increased his influence over Minim, Inc., as detailed in an amendment to the Schedule 13D filed with the SEC. As of February 29, 2024, Lazar beneficially owns 7,072,867 shares of Minim, which represents approximately 82.5% of the company's common stock. This ownership includes shares issuable upon conversion of Series A Preferred Stock or exercise of warrants within 60 days. Lazar's position was further solidified following a special meeting of stockholders on February 27, 2024, where various matters were approved, including the issuance of shares upon conversion of Series A Preferred Stock or exercise of warrants. Additionally, Lazar was appointed as the Chief Executive Officer and Chief Financial Officer of Minim on February 20, 2024. The Voting Agreement, as referenced in the initial Schedule 13D, remains effective, granting Lazar the right to appoint new members to Minim's board of directors.