Biotech

Rennova Health postponed its upcoming special meeting of shareholders, the meeting will now take place on June 19.

Rennova Health (NASDAQ:RNVA) postponed its upcoming special meeting of shareholders, the meeting will now take place on June 19.
As quoted in the press release:

This Special Meeting was originally scheduled for May 19, 2017, and was subsequently postponed to May 26, 2017, to June 2, 2017 and to June 9, 2017. This most recent postponement is necessary because a quorum of shares represented at the meeting continues not to be achieved.
“While our proxy solicitors are making progress toward the 50% quorum, currently just under 46% of the shares have been voted, thus requiring another rescheduling of our Special Meeting. That said, 82% of the votes cast to date are in favor of the proposals,” commented Seamus Lagan, chief executive officer of Rennova. “I continue to impress upon our stockholders that Rennova incurs expenses each time the solicitation is extended. These delays are costly in terms of time, money and progress with our business plan, which is not something any stockholder wants to experience at this critical time of our development. We urge all stockholders, regardless of the size of their holdings, to take the time to vote and enable the Company to progress its plans for the benefit of all.”
Stockholders who have already voted do not need to recast their votes. Stockholders who have not yet voted are strongly encouraged to do so. Stockholders who own their shares in “street name” through a stock brokerage account or through a bank or nominee should consult the broker, bank or nominee about its procedures to vote the shares.

Click here to read the full press release.

Source: www.marketwired.com

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