Summary by Moomoo AI
On March 6, 2024, Minim, Inc., a technology company incorporated in Delaware, filed an amendment to its certificate of incorporation with the Delaware Secretary of State. The amendment increased the number of authorized shares to 70 million, with 60 million designated as common stock at $0.01 par value per share, and 10 million as preferred stock at $0.001 par value per share. Additionally, the amendment removed restrictions on the adoption of shareholder resolutions by majority consent without a shareholder meeting. In a related decision, Minim's Board of Directors has opted not to pursue a previously considered 1-for-3 reverse stock split, as it is no longer necessary to comply with Nasdaq's minimum bid price requirement. The full details of the amendment can be found in Exhibit 3.1 attached to the company's filing.
