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SilverSun Technologies (SSNT) has provided an update.
On June 6, 2024, a company completed a significant equity investment, resulting in a reshuffle of the board of directors and the appointment of new executives, including a new CEO, with enhanced rights for the major investor in board member nomination and decision-making. Additionally, agreements were established to regulate stockholder actions, sale of securities, and the registration of sales under the Securities Act. This strategic move, which included a sizeable cash investment for preferred stock and warrants, also led to a reverse stock split and a change in the company’s name, reflecting the substantial shift in its operational and governance landscape.
See more data about SSNT stock on TipRanks’ Stock Analysis page.
