Minim, Inc. (Minim) announced a Special Meeting of Stockholders to be held virtually on February 16, 2024. The meeting will address a Securities Purchase Agreement with board member David Lazar, who will acquire 2,000,000 shares of preferred stock at $1.40 per share, totaling $2.8 million, subject to stockholder approval and other closing conditions. The agreement includes the issuance of warrants for an additional 2,800,000 shares of common stock at $1.00 per share. The transaction, expected to close around January 29, 2024, is contingent on stockholder approval of several proposals, including a reverse stock split, an increase in authorized preferred stock, and amendments to the company's Certificate of Incorporation and By-Laws. The proposals aim to facilitate compliance with Nasdaq listing rules and enhance corporate governance. The board unanimously recommends stockholders vote in favor of the proposals. The meeting will also address any other business that may arise.

Minim, Inc. (Minim) announced a Special Meeting of Stockholders to be held virtually on February 16, 2024. The meeting will address a Securities Purchase Agreement with board member David Lazar, who will acquire 2,000,000 shares of preferred stock at $1.40 per share, totaling $2.8 million, subject to stockholder approval and other closing conditions. The agreement includes the issuance of warrants for an additional 2,800,000 shares of common stock at $1.00 per share. The transaction, expected to close around January 29, 2024, is contingent on stockholder approval of several proposals, including a reverse stock split, an increase in authorized preferred stock, and amendments to the company's Certificate of Incorporation and By-Laws. The proposals aim to facilitate compliance with Nasdaq listing rules and enhance corporate governance. The board unanimously recommends stockholders vote in favor of the proposals. The meeting will also address any other business that may arise.