Eyenovia, Inc. announced on January 15, 2025, that Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. have recommended that stockholders vote 'FOR' a proposed reverse stock split.
The proposed amendment to the company's Certificate of Incorporation would effect a reverse stock split at a ratio of between 1:40 and 1:80. This action is intended to enable Eyenovia to regain compliance with Nasdaq's Minimum Bid Price Requirement.
Retaining its Nasdaq Capital Market listing is a priority for Eyenovia to benefit from increased visibility, stock liquidity, and access to capital. The Special Meeting of Stockholders to vote on this and other measures is scheduled for January 21, 2025.
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