Stingray’s Board Structure Alters as Shares Convert

Stingray Digit SV (TSE:RAY.A) has released an update.

Stingray Group Inc. has reported a shift in board nomination rights following a voluntary conversion of shares by Télésystème Média Can Inc., reducing their board nomination capacity from three to one member. This change comes as Télésystème’s control over voting rights in Stingray drops to approximately 2.97%, while Eric Boyko’s influence rises to roughly 70.78%. Stingray, a leader in global music and media technology, reaches consumers in 160 countries and specializes in a range of services from broadcasting to in-store advertising solutions.

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