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The latest announcement is out from Motus Gi Holdings (MOTS).
Motus GI Holdings, Inc. is undergoing significant changes as five of its Board members, including the CEO, resigned without any discord reported with the management. Following these resignations, Jeff Varsalone was appointed as the sole director and President to oversee the wind-down of the company’s business. A recent attempt to hold a Special Meeting for stockholders was unsuccessful due to a lack of quorum, with only 28.16% of shares represented. The Board has decided to proceed with the company’s wind-down according to the law.
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