Akerna Corp. (KERN) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
At a special meeting on January 29, 2024, stockholders of the Company approved several key proposals, including the issuance of common stock for a merger with Gryphon, the sale of certain subsidiary interests to MJ Acquisition, a reverse stock split, the adoption of an Omnibus Incentive Plan, and changing the corporate name to Gryphon Digital Mining, Inc. Additionally, they authorized the conversion of a convertible note held by MJ Acquisition. However, the proposal to increase the number of authorized shares of common stock was not approved when votes were counted as a separate class.
For further insights into KERN corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
