Eargo (EAR) has released an update.
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Eargo, Inc. successfully held a special stockholders’ meeting to vote on a merger with PSC Echo Parent LLC and its subsidiary. With an 84.46% turnout, stockholders approved the merger, executive compensation arrangements, and, if necessary, the meeting’s adjournment. The overwhelming approval rendered further solicitation of proxies unnecessary, marking a decisive step in Eargo’s corporate evolution. This merger signifies a strategic move that could impact Eargo’s market position and stakeholders’ interests.
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