Summary by Futu AI
FuelCell Energy, Inc. announced on August 20, 2024, that it will hold a special meeting of its stockholders on October 31, 2024. The purpose of the meeting is to vote on a proposal to authorize the Board of Directors to effect a reverse stock split of the company's common stock. This would be done through an amendment to the company's Certificate of Incorporation. Stockholders of record as of September 10, 2024, will be eligible to vote at the Special Meeting. The announcement also included a cautionary note about forward-looking statements, indicating that the plans for the reverse stock split are subject to various risks and uncertainties that could affect the company's future performance. The company will file proxy materials with the SEC, including a preliminary and a definitive proxy statement, which will contain important information about the Special Meeting and the proposal. FuelCell Energy is a global manufacturer of proprietary fuel cell technology platforms, focusing on sustainable clean energy technologies.
