Summary by Moomoo AI
Netcapital Inc. has announced a Special Meeting of Shareholders to be held virtually on July 24, 2024. The meeting will address two key proposals: the Reverse Stock Split Proposal and the Adjournment Proposal. The Reverse Stock Split Proposal seeks shareholder approval to grant the board of directors the authority to effect a reverse stock split of the company's issued common stock at a ratio between 1-for-2 and 1-for-100, at the board's discretion. The exact ratio and timing of the reverse split, if implemented, will be determined by the board any time before July 24, 2025, without further shareholder approval. The Adjournment Proposal will authorize the adjournment of the Special Meeting if necessary, including to solicit additional proxies if there are insufficient votes...Show More
