Amedica announced it adjourned a special meeting of stockholders scheduled for Sept. 27.
Amedica (NASDAQ:AMDA) announced it adjourned a special meeting of stockholders scheduled for Sept. 27.
As quoted in the press release:
The adjournment is to allow for the solicitation of additional votes in favor of the proposal contained in the definitive proxy statement that Amedica filed with the Securities and Exchange Commission on July 28, 2017 regarding a reverse split of the company’s common stock. Approval of a majority of all outstanding shares of Amedica common stock is necessary for this proposal to be approved.
The special meeting will reconvene at 9:00 a.m. local time on October 3, 2017 at the company’s offices located at 1885 West 2100 South, Salt Lake City, UT 84119. The record date for stockholders entitled to vote at the special meeting remains July 19, 2017.