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An announcement from ESS Tech (GWH) is now available.
On August 23, 2024, ESS Tech, Inc. stockholders approved a reverse stock split and the reduction of authorized shares of common stock at a Special Meeting. The reverse stock split options range from a 1-for-8 to a 1-for-25 ratio, and the total authorized shares will be decreased from 2 billion to 1 billion. The proposal received significant support, with over 104 million votes for and only 1.5 million against. Following the announcement, the company plans to adjust its registration statements accordingly, and detailed information will be filed with the SEC.
Learn more about GWH stock on TipRanks’ Stock Analysis page.