PRPO - Precipio is requesting Shareholders/Brokers vote today to avoid costly adjournment and rescheduling of Annual Shareholders Meeting | Benzinga
NEW HAVEN, Conn., June 12, 2024 (GLOBE NEWSWIRE) -- Management of specialty cancer diagnostics company Precipio, Inc. (NASDAQ:PRPO) is requesting that shareholders instruct their brokers to vote their shares immediately today no later than 11pm Eastern Time. In order to ensure that there is a quorum required for the shareholders' meeting that is scheduled to take place tomorrow June 13, 2024 at 10 a.m. Eastern Time.
At the time of this press release, approximately 44% of shares have been voted. For the company to hold the shareholder meeting, a minimum of 50% of shares must be voted.
If the company is forced to adjourn the shareholder meeting due to insufficient votes, the costs of rescheduling the meeting, which includes hiring a proxy solicitor, legal and other administrative costs could be as high as $100,000 (the current shareholder meeting costs less than $5,000).
Management would like to avoid these unnecessary expenditures.
Regardless of whether you instruct your broker to vote for or against, PLEASE VOTE TODAY BY 11 p.m. Eastern Time to ensure that the quorum requirement is met, and the costs of a rescheduled meeting are avoided.
About ...