Brooge Holdings (BROG) has released an update.
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Brooge Energy Limited successfully conducted an extraordinary general meeting, resulting in significant board restructuring with the appointment of new directors and the formation of key committees under NASDAQ compliance. The company is also engaging expert advisors to review a proposal from Gulf Navigation to acquire Brooge Energy’s UAE assets and has appointed an external auditor to consolidate its 2023 accounts. Amidst this, Brooge Energy is managing a class action lawsuit and working towards full NASDAQ compliance following a non-compliance notification.
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