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Mangoceuticals | DEF 14A: Definitive information statements

SEC ·  Mar 1 09:04

Summary by Moomoo AI

Mangoceuticals, Inc. has announced a special meeting of stockholders to be held on March 25, 2024, to vote on several key proposals. The Board of Directors is extending an invitation to stockholders to attend the meeting at the company's headquarters in Dallas, Texas. Among the proposals, stockholders will consider an amendment to the company's Certificate of Formation to effect a reverse stock split of the company's outstanding common stock, with the exact ratio to be determined by the Board. Additionally, stockholders will vote on the adoption of the First Amendment to the Mangoceuticals, Inc. 2022 Equity Incentive Plan, which proposes to increase the share reserve and adjust the number of shares that may be issued. The Board unanimously recommends voting...Show More
Mangoceuticals, Inc. has announced a special meeting of stockholders to be held on March 25, 2024, to vote on several key proposals. The Board of Directors is extending an invitation to stockholders to attend the meeting at the company's headquarters in Dallas, Texas. Among the proposals, stockholders will consider an amendment to the company's Certificate of Formation to effect a reverse stock split of the company's outstanding common stock, with the exact ratio to be determined by the Board. Additionally, stockholders will vote on the adoption of the First Amendment to the Mangoceuticals, Inc. 2022 Equity Incentive Plan, which proposes to increase the share reserve and adjust the number of shares that may be issued. The Board unanimously recommends voting in favor of these proposals. Materials related to the meeting are available online, and stockholders are urged to review them and vote their shares. The meeting is crucial as the reverse stock split is aimed at maintaining compliance with Nasdaq's minimum bid price requirement, and the equity plan amendment is intended to enhance the company's ability to attract and retain talent.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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