SeaStar Medical Holding Corporation, a Delaware corporation, has announced a 2024 Special Meeting of Stockholders to be held virtually on November 26, 2024. The meeting will address three key proposals: the ratification of the issuance of shares upon conversion of convertible notes and exercise of warrants (the Nasdaq Proposal), an amendment to the Certificate of Incorporation to reduce the number of authorized shares of common stock by 50,000,000 to 450,000,000 shares (the Authorized Share Proposal), and a proposal to adjourn or postpone the Special Meeting if necessary (the Adjournment Proposal). The Nasdaq Proposal seeks to maintain the company's listing on the Nasdaq Stock Market following the issuance of additional shares beyond what was initially approved by stockholders, due to amendments to a Securities Purchase...Show More

SeaStar Medical Holding Corporation, a Delaware corporation, has announced a 2024 Special Meeting of Stockholders to be held virtually on November 26, 2024. The meeting will address three key proposals: the ratification of the issuance of shares upon conversion of convertible notes and exercise of warrants (the Nasdaq Proposal), an amendment to the Certificate of Incorporation to reduce the number of authorized shares of common stock by 50,000,000 to 450,000,000 shares (the Authorized Share Proposal), and a proposal to adjourn or postpone the Special Meeting if necessary (the Adjournment Proposal). The Nasdaq Proposal seeks to maintain the company's listing on the Nasdaq Stock Market following the issuance of additional shares beyond what was initially approved by stockholders, due to amendments to a Securities Purchase Agreement. The Authorized Share Proposal aims to reduce the authorized shares of common stock, which would decrease the company's Delaware franchise tax obligations and potentially prevent dilution of existing stockholders' shares. The Adjournment Proposal would allow the Board of Directors to adjourn the meeting to a later date if there are insufficient votes for the other proposals. The Board of Directors unanimously recommends voting FOR all three proposals.