Summary by Futu AI
On May 6, 2024, Assure Holdings Corp., a provider of intraoperative neuromonitoring and remote neurology services, issued a press release urging its stockholders to vote in favor of a proposal to increase the number of authorized common shares from 9,000,000 to 250,000,000. The special meeting of stockholders is scheduled for May 14, 2024. The company emphasized the importance of each vote, noting that more than 95% of votes received to date were in favor of the proposal, but a majority of outstanding shares is required for approval. Assure's CEO, John Farlinger, highlighted the necessity for stockholders with smaller positions to vote, as larger stockholders alone cannot ensure the proposal's passage. The increase in authorized shares is critical for the company's capital needs, and failure...Show More