Jul. 16 at 5:02 PM
$GRML Shareholders are being asked to approve measures today https://www.sec.gov/Archives/edgar/data/1907223/000121390026066850/ea0294026-01.htm
Reverse Split Authority: Already approved (June 18, 2026) to allow ratios up to 1-for-60 to fix the price.
Series C Issuance: Being voted on to allow the issuance of shares for the acquisition.
Approving the Series C conversion allows the company to proceed with its acquisition strategy without paying cash, but it leaves the share price problem unsolved. The company will still need to execute the reverse split to remain listed on Nasdaq, and the massive new share count from the conversion will hang over the stock as a significant dilution overhang.