Stock Split https://www.benzinga.com/views/taxonomy/term/66 en Levere Holdings Corp. Announces the Separate Trading of its Class A Common Stock and Redeemable Warrants, Commencing May 10, 2021 https://www.benzinga.com/pressreleases/21/05/n21019056/levere-holdings-corp-announces-the-separate-trading-of-its-class-a-common-stock-and-redeemable-war <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">BERLIN</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 7, 2021</span> /PRNewswire/ -- Levere Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVRAU#NASDAQ" rel="nofollow">LVRAU</a>) (the &#34;Company&#34;) today announced that, commencing <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 10, 2021</span>, holders of the units sold in the Company&#39;s initial public offering of 27,128,532 units, completed on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 31, 2021</span>, may elect to separately trade the shares of Class A common stock and redeemable warrants included in the units. Those units not separated will continue to trade on the NASDAQ Stock Market LLC (&#34;NASDAQ&#34;) under the symbol &#34;LVRAU,&#34; and the shares of Class A common stock and redeemable warrants that are separated will trade on NASDAQ under the symbols &#34;LVRA&#34; and &#34;LVRAW,&#34; respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer &amp; Trust Company, the Company&#39;s transfer agent, in order to separate the units into shares of Class A common stock and redeemable warrants.</p> <p xmlns="http://www.w3.org/1999/xhtml">The units were initially offered by the Company in an underwritten offering. Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. acted as joint book-running managers in the offering.</p> <p xmlns="http://www.w3.org/1999/xhtml">A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the &#34;SEC&#34;) on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 18, 2021</span>. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/n21019056/levere-holdings-corp-announces-the-separate-trading-of-its-class-a-common-stock-and-redeemable-war alt=Levere Holdings Corp. Announces the Separate Trading of its Class A Common Stock and Redeemable Warrants, Commencing May 10, 2021>Full story available on Benzinga.com</a></p> Banking/Financial Services LVRA LVRAU LVRAW Stock Split Press Releases Fri, 07 May 2021 20:05:00 +0000 PRNewswire 21019056 at https://www.benzinga.com Ross Acquisition Corp II Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing May 3, 2021 https://www.benzinga.com/pressreleases/21/05/n20922462/ross-acquisition-corp-ii-announces-the-separate-trading-of-its-class-a-ordinary-shares-and-warrant <p xmlns="http://www.w3.org/1999/xhtml">PALM BEACH, Fla., <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 3, 2021</span> /PRNewswire/ -- Ross Acquisition Corp II (the &#34;Company&#34;), a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, announced that commencing <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 3, 2021</span>, holders of the units sold in the Company&#39;s initial public offering of 34,500,000 units may elect to separately trade the Class A ordinary shares and warrants included in the units. Shares of Class A ordinary shares and warrants that are separated on the New York Stock Exchange will ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/n20922462/ross-acquisition-corp-ii-announces-the-separate-trading-of-its-class-a-ordinary-shares-and-warrant alt=Ross Acquisition Corp II Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing May 3, 2021>Full story available on Benzinga.com</a></p> Banking/Financial Services ROSSU Stock Split Press Releases Mon, 03 May 2021 18:45:00 +0000 PRNewswire 20922462 at https://www.benzinga.com Amazon: 'To Split Or Not To Split: That Is The Question' Says 'PreMarket Prep' Co-Host https://www.benzinga.com/news/earnings/21/04/20867272/amazon-to-split-or-not-to-split-that-is-the-question-says-premarket-prep-co-host <p>A potential <strong>Amazon.com, Inc.</strong>&nbsp;stock split (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) was the topic of discussion Thursday on&nbsp;<a href="https://www.youtube.com/watch?v=jbZpvPs3Ip4&amp;t=2436s">Benzinga&#39;s YouTube show, &quot;PreMarket Prep.&quot;</a></p> <p>&quot;To split or not to split:&nbsp;that is the question,&quot; co-host Dennis Dick said.</p> <p>Amazon is at&nbsp;a point where the earnings aren&#39;t going to matter, he said adding that&nbsp;split news, or&nbsp;lack thereof, is what is&nbsp;going to move the stock.&nbsp;</p> <p>If the company announces ...</p><p><a href=https://www.benzinga.com/news/earnings/21/04/20867272/amazon-to-split-or-not-to-split-that-is-the-question-says-premarket-prep-co-host alt=Amazon: &#039;To Split Or Not To Split: That Is The Question&#039; Says &#039;PreMarket Prep&#039; Co-Host>Full story available on Benzinga.com</a></p> Amazon AMZN Earnings News Stock Split AMZN US0231351067 News Earnings Stock Split Benzinga Thu, 29 Apr 2021 18:47:00 +0000 Adam Eckert 20867272 at https://www.benzinga.com GNCC Capital, Inc. Clarifies Two Key Issues https://www.benzinga.com/pressreleases/21/04/n20870045/gncc-capital-inc-clarifies-two-key-issues <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">LAS VEGAS</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 29, 2021</span> /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) (&#34;The Company&#34; or &#34;GNCC&#34;), following yesterday&#39;s Press Release, noted two areas of concern from our shareholders.</p> <p xmlns="http://www.w3.org/1999/xhtml">NO REVERSE SPLIT:</p> <p xmlns="http://www.w3.org/1999/xhtml">Your Directors can guarantee shareholders that under no circumstances will GNCC Capital, Inc. be undertaking any Reverse Split of its Common Stock; EVER. We regard any Reverse Split as highly detrimental to shareholder interests. In fact, we review a Reverse Split as toxic for GNCC Capital, Inc. &#x2A;See Disclosure Note.</p> <p xmlns="http://www.w3.org/1999/xhtml">&#x2A;In the interests of full disclosure, the Directors of the Company are also the Directors of Premier Development &amp; Investment, Inc. (PDIV.PK) (&#34;Premier&#34;) whom own 37.68% of the ...</p><p><a href=https://www.benzinga.com/pressreleases/21/04/n20870045/gncc-capital-inc-clarifies-two-key-issues alt=GNCC Capital, Inc. Clarifies Two Key Issues>Full story available on Benzinga.com</a></p> Banking/Financial Services GNCP PDIV Small Cap Stock Split Press Releases Thu, 29 Apr 2021 16:55:00 +0000 PRNewswire 20870045 at https://www.benzinga.com Will An Amazon Stock Split Be Delivered To Investors? https://www.benzinga.com/news/earnings/21/04/20845335/will-an-amazon-stock-split-be-delivered-to-investors <p>A potential <strong>Amazon.com, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) stock split and its implications were discussed Wednesday on CNBC&#39;s &quot;Fast Money: Halftime Report.&quot;</p> <p><strong>What Happened: </strong>A rumored stock split for Amazon has recently been tossed&nbsp;around via&nbsp;various media sources. Some believe&nbsp;the split could happen as soon as Thursday when the e-commerce giant reports earnings.&nbsp;</p> <p>Host Scott Wapner asked Jon Najarian&nbsp;if he thought a stock split would ...</p><p><a href=https://www.benzinga.com/news/earnings/21/04/20845335/will-an-amazon-stock-split-be-delivered-to-investors alt=Will An Amazon Stock Split Be Delivered To Investors?>Full story available on Benzinga.com</a></p> Amazon AMZN CNBD Earnings Fast Money: Halftime Report INTC Intel Joe Terranova Jon Najarian News Scott Wapner Virtus Investment Partners Rumors Stock Split AMZN US0231351067 INTC US4581401001 News Earnings Rumors Stock Split Benzinga Wed, 28 Apr 2021 21:14:42 +0000 Adam Eckert 20845335 at https://www.benzinga.com Etruscus Announces Private Placement Financing https://www.benzinga.com/pressreleases/21/04/n20784797/etruscus-announces-private-placement-financing <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">VANCOUVER, BC</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 26, 2021</span> /CNW/ - <b xmlns="http://www.w3.org/1999/xhtml">Etruscus Resources Corp.</b> (CSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#CSE" rel="nofollow">ETR</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ETRUF#OTC" rel="nofollow">ETRUF</a>) (FSE: ERR) (the &#34;Company&#34; or &#34;Etruscus&#34;), a <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Vancouver</span>-based exploration company, announces that, subject to Canadian Securities Exchange (&#34;CSE&#34;) approval, the Company will raise up to <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1,500,000</span> through a non-brokered private placement.  The financing will consist of a combination of up to 2,000,000 non-flow-through units at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.30</span> per unit and up to 3 million flow-through units at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.35</span> per unit. The non-flow-through funds will be used for both exploration and general working capital and the flow-through funds will be used for continued exploration of the Company&#39;s Rock &amp; Roll and Sugar Properties. </p> <p xmlns="http://www.w3.org/1999/xhtml">Each non-flow-through unit will consist of one common share and one-half (½) of a share purchase warrant with each whole warrant exercisable into one additional common share at a price of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.40</span> per share for a 2-year period.</p> <p xmlns="http://www.w3.org/1999/xhtml">Each flow-through unit will consist of one flow-through common share and one-half (½) of one non-flow-through share purchase warrant with each whole warrant exercisable into one additional common share at a price of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$0.45</span> per share for a 2-year period.</p> <p xmlns="http://www.w3.org/1999/xhtml">All shares issued under the private placement will be subject to a hold period of four months and one day from the date of issuance. Finders&#39; fees may ...</p><p><a href=https://www.benzinga.com/pressreleases/21/04/n20784797/etruscus-announces-private-placement-financing alt=Etruscus Announces Private Placement Financing>Full story available on Benzinga.com</a></p> CSE:ETR ETRUF Private Placement Offerings Small Cap Stock Split Press Releases Mon, 26 Apr 2021 06:00:00 +0000 PRNewswire 20784797 at https://www.benzinga.com Byrna Technologies Inc. Announces Reverse Stock Split https://www.benzinga.com/pressreleases/21/04/n20778277/byrna-technologies-inc-announces-reverse-stock-split <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">ANDOVER, Mass.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 23, 2021</span> /PRNewswire/ -- Byrna Technologies Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#OTCQB" rel="nofollow">BYRN</a>) (CSE:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#CSE" rel="nofollow">BYRN</a>) (&#34;Byrna&#34; or &#34;the Company&#34;) today announces that the Company&#39;s Board of Directors has determined to complete a reverse stock split (also referred to as a consolidation) of the Company&#39;s issued shares of common stock on the basis of one (1) post-consolidation common share for every ten (10) pre-consolidation shares of common stock (the &#34;consolidation&#34; or the &#34;reverse stock split&#34;).</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> <a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/1175690/Byrna_Technologies_Logo.html" target="_blank" rel="nofollow" rel="nofollow"><br /> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/1175690/Byrna_Technologies_Logo.jpg" title="Byrna Technologies Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#OTCQB" / rel="nofollow" />BYRN</a>) (PRNewsfoto/Byrna Technologies Inc.)" alt="Byrna Technologies Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#OTCQB" rel="nofollow">BYRN</a>) (PRNewsfoto/Byrna Technologies Inc.)"><br /> </p> </div> <p xmlns="http://www.w3.org/1999/xhtml">The Board of Directors determined the reverse stock split is necessary in order for the Company to meet certain requirements for listing on a national exchange.</p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;This reverse split is an important step in our growth,&#34; stated CEO <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Bryan Ganz</span>.  &#34;Listing our shares on a national exchange will provide Byrna with greater exposure and visibility to the market, and provide investors with greater liquidity and ultimately, we believe, greater shareholder value.&#34;</p> <p xmlns="http://www.w3.org/1999/xhtml">Effective <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 27, 2021</span>, with a record date <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 28, 2021</span>, the Company expects to begin trading the shares on the Canadian Securities Exchange and the OTCQB on a post-consolidation basis under its existing name and ticker symbol. The new CUSIP and ISIN for the Shares are 12448X 201 and US12448X2018, respectively.</p> <p xmlns="http://www.w3.org/1999/xhtml">The Company currently has 205,629,938 shares of common stock issued and outstanding shares of common stock and on ...</p><p><a href=https://www.benzinga.com/pressreleases/21/04/n20778277/byrna-technologies-inc-announces-reverse-stock-split alt=Byrna Technologies Inc. Announces Reverse Stock Split>Full story available on Benzinga.com</a></p> BYRN CSE:BYRN Small Cap Stock Split Press Releases Fri, 23 Apr 2021 22:28:00 +0000 PRNewswire 20778277 at https://www.benzinga.com Arrowroot Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Warrants Commencing April 22, 2021 https://www.benzinga.com/pressreleases/21/04/n20741484/arrowroot-acquisition-corp-announces-the-separate-trading-of-its-shares-of-class-a-common-stock-an <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">MARINA DEL REY, Calif.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 22, 2021</span> /PRNewswire/ -- Arrowroot Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRWU#NASDAQ" rel="nofollow">ARRWU</a>) (the &#34;Company&#34;) announced today that, commencing <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 22, 2021</span>, holders of the units sold in the Company&#39;s initial public offering of  250,000,000 units, completed on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 4, 2021</span>, may elect to separately trade the shares of Class A common stock and warrants included in the units. Those units not separated will continue to trade on The Nasdaq Stock Market LLC (&#34;Nasdaq&#34;) under the symbol &#34;ARRWU,&#34; and the Class A ordinary shares and warrants that are separated will trade on the Nasdaq under the symbols &#34;ARRW&#34; and &#34;ARRWW,&#34; respectively. Holders of units will need to have their brokers contact Continental Stock Transfer &amp; Trust Company, the Company&#39;s transfer agent, in order to separate the units into shares of Class A common stock and warrants. No fractional warrants will be issued.</p> <p xmlns="http://www.w3.org/1999/xhtml">The units were initially offered by the Company in an underwritten offering. Cantor acted as sole book-running manager and representative of the underwriters for this ...</p><p><a href=https://www.benzinga.com/pressreleases/21/04/n20741484/arrowroot-acquisition-corp-announces-the-separate-trading-of-its-shares-of-class-a-common-stock-an alt=Arrowroot Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Warrants Commencing April 22, 2021>Full story available on Benzinga.com</a></p> Acquisitions ARRWU Banking/Financial Services Mergers takeovers Stock Split Press Releases Thu, 22 Apr 2021 10:00:00 +0000 PRNewswire 20741484 at https://www.benzinga.com USHG Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing April 19, 2021 https://www.benzinga.com/pressreleases/21/04/n20658093/ushg-acquisition-corp-announces-the-separate-trading-of-its-class-a-common-stock-and-warrants-comm <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 16, 2021</span> /PRNewswire/ -- USHG Acquisition Corp. (the &#34;Company&#34;) announced that, commencing <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 19, 2021</span>, holders of the units sold in the Company&#39;s initial public offering (the &#34;Units&#34;) may elect to separately trade the shares of Class A common stock and warrants included in the Units. The shares of Class A common stock and warrants that are separated will trade on the New York Stock Exchange (&#34;NYSE&#34;) under the ticker symbols &#34;HUGS&#34; and &#34;HUGSW,&#34; respectively. Those Units not separated will continue to trade on NYSE under the ticker symbol &#34;HUGSU.&#34; </p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> <a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/1443367/USHG_Acquisition_Corp_Logo.html" target="_blank" rel="nofollow" rel="nofollow"><br /> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/1443367/USHG_Acquisition_Corp_Logo.jpg" title="(PRNewsfoto/USHG Acquisition Corp.)" alt="(PRNewsfoto/USHG Acquisition Corp.)" /><br /> ...</a></p></div><p><a href=https://www.benzinga.com/pressreleases/21/04/n20658093/ushg-acquisition-corp-announces-the-separate-trading-of-its-class-a-common-stock-and-warrants-comm alt=USHG Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing April 19, 2021>Full story available on Benzinga.com</a></p> Banking/Financial Services HUGS HUGSU HUGSW Stock Split Press Releases Fri, 16 Apr 2021 12:00:00 +0000 PRNewswire 20658093 at https://www.benzinga.com Kensington Capital Acquisition Corp. II Announces the Separate Trading of its Shares of Class A Common Stock and Redeemable Warrants Commencing April 19, 2021 https://www.benzinga.com/pressreleases/21/04/n20631816/kensington-capital-acquisition-corp-ii-announces-the-separate-trading-of-its-shares-of-class-a-com <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 14, 2021</span> /PRNewswire/ -- Kensington Capital Acquisition Corp. II (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KCAC#NYSE" rel="nofollow">KCAC</a>) (the &#34;Company&#34;) announced that, commencing <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 19, 2021</span>, holders of the units sold in the Company&#39;s initial public offering of 23,000,000 units, completed on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 2, 2021</span>, may elect to separately trade the shares of Class A common stock and redeemable warrants included in the units.  Those units not separated will continue to trade on the New York Stock Exchange (the &#34;NYSE&#34;) under the symbol &#34;KCAC.U,&#34; and the shares of Class A common stock and redeemable warrants that are separated will trade on the NYSE under the symbols &#34;KCAC&#34; and &#34;KCAC WS,&#34; respectively.  No fractional warrants will be issued upon separation of the units and only whole warrants will trade.  Holders of units will need to have their brokers contact Continental Stock Transfer &amp; Trust Company, the Company&#39;s transfer agent, in order to separate the units into shares of Class A common stock and warrants. </p> <p xmlns="http://www.w3.org/1999/xhtml">The units were initially offered by the Company in an underwritten offering.  UBS Securities LLC and Stifel, Nicolaus &amp; Company, Incorporated acted as joint book running managers for the offering and Robert W. Baird &amp; Co. Incorporated acted as lead ...</p><p><a href=https://www.benzinga.com/pressreleases/21/04/n20631816/kensington-capital-acquisition-corp-ii-announces-the-separate-trading-of-its-shares-of-class-a-com alt=Kensington Capital Acquisition Corp. II Announces the Separate Trading of its Shares of Class A Common Stock and Redeemable Warrants Commencing April 19, 2021>Full story available on Benzinga.com</a></p> Banking/Financial Services KCAC KCACU KCACWS Stock Split Press Releases Wed, 14 Apr 2021 22:13:00 +0000 PRNewswire 20631816 at https://www.benzinga.com Seneca Biopharma, Inc. Announces (i) Voting Results from the Special Meeting of Stockholders and (ii) New Special Meeting Date of April 23, 2021 https://www.benzinga.com/pressreleases/21/04/n20574540/seneca-biopharma-inc-announces-i-voting-results-from-the-special-meeting-of-stockholders-and-ii-ne <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">GERMANTOWN, Md.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 12, 2021</span> /PRNewswire/ -- Seneca Biopharma, Inc. (Nasdaq: SNCA) (&#34;<span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Seneca</span>&#34; or the &#34;Company&#34;), announced the preliminary voting results of its Special Meeting of Stockholders on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 9, 2021</span>. At the Special Meeting, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Seneca</span> asked stockholders to approve six proposals related to its proposed merger transaction with Leading BioSciences, Inc. (&#34;LBS&#34;), a biopharma company advancing therapies for acute and chronic gastrointestinal complications. All proposals, with the exception of proposal #1 for a reverse stock split (the &#34;Reverse Split Proposal&#34;), were approved by <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Seneca</span> stockholders. In order to solicit additional votes for the Reverse Split Proposal, the Special Meeting was adjourned only with respect to the Reverse Split Proposal until <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 23, 2021</span> at <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">11:00 AM ET</span> and will be held virtually at <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3125201-1&amp;h=3087867185&amp;u=https%3A%2F%2Fwww.globenewswire.com%2FTracker%3Fdata%3Dn1NJMZgB3jrrWfC-kj4ipd4rLFpEoiS8H9S_uUYoIxIeSnjFt_08FBgLz7Nmu98wKsh_6AKp6r0_PPUfy_gqMxW46bhuGSO8WvGcSKq9gDtqkVd7OMUoWiRFVBpmkyy_tF2MqXU_Beph3ZWuQBIgeXj5jRjY9A6TiQLb7GwN9gk%3D&amp;a=www.virtualshareholdermeeting.com%2FSNCA2021SM" rel="nofollow" rel="nofollow">www.virtualshareholdermeeting.com/SNCA2021SM</a>. The Reverse Split Proposal requires a higher voting threshold than the other proposals.</p> <p xmlns="http://www.w3.org/1999/xhtml">For more information on the proposals, see the Company&#39;s <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3125201-1&amp;h=2561387696&amp;u=https%3A%2F%2Fwww.sec.gov%2FArchives%2Fedgar%2Fdata%2F0001357459%2F000117184321000977%2Ff424b3_021121.htm&amp;a=Proxy+Statement" rel="nofollow" rel="nofollow">Proxy Statement</a> dated <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">February 11, 2021</span>. The following table summarizes the preliminary voting results of the Special Meeting of Stockholders held on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 9, 2021</span> for the proposals that were approved.</p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" cellpadding="0" border="0" class="prntblns"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Item</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Vote Results</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">% Votes For</b></span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Proposal #2: Issuance of shares of Seneca Common Stock</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Approved</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">88.45%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Proposal #3: Palisade Bio, Inc. 2021 Equity Incentive Plan</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Approved</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">62.19%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Proposal #4: Palisade Bio, Inc. 2021 Employee Stock Purchase Plan</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Approved</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">65.25%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Proposal #5: Compensation payable to Seneca&#39;s executive officers </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Approved</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">84.21%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen2"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Proposal #6: Adjournment of the Seneca virtual Special Meeting</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Approved</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">84.49%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prnsbt1 prnsbr1 prnvab prnsbb1 prntar prnpl6 prnsbl1 prnpr14"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> </table> </div> <p xmlns="http://www.w3.org/1999/xhtml" class="prntac"><b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Seneca</span> stockholders are urged to vote in support of the reverse stock split (proposal #1) in the upcoming Special Meeting of Stockholders</u></i></b></p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Seneca</span> stockholders as of the close of business on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">February 9, 2021</span>, the record date for the Special Meeting, are eligible to vote and attend the virtual Special Meeting that will reconvene on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 23, 2021</span>. The parties to the proposed merger transaction reiterate that they are all fully supportive of the proposed merger. Institutional Shareholder Services (ISS), a leading proxy advisory firm, has also endorsed the merger ...</p><p><a href=https://www.benzinga.com/pressreleases/21/04/n20574540/seneca-biopharma-inc-announces-i-voting-results-from-the-special-meeting-of-stockholders-and-ii-ne alt=Seneca Biopharma, Inc. Announces (i) Voting Results from the Special Meeting of Stockholders and (ii) New Special Meeting Date of April 23, 2021>Full story available on Benzinga.com</a></p> Acquisitions Mergers SNCA takeovers Stock Split Press Releases Mon, 12 Apr 2021 11:00:00 +0000 PRNewswire 20574540 at https://www.benzinga.com