Leafly Holdings, Inc. ( (LFLY) ) just unveiled an update.
On April 1, 2025, Leafly Holdings, Inc. entered into a Subscription Agreement with its CEO, Yoko Miyashita, to issue one share of Series A Preferred Stock for $100. This move aligns with the company’s strategic efforts to facilitate a Reverse Stock Split Proposal, as the Series A Preferred Stock carries significant voting power specifically for this proposal. The issuance alters the voting dynamics by ensuring the preferred stock votes in line with common stockholder decisions, minimizing the impact of abstentions. Additionally, Alan Pickerill resigned from the Board of Directors, and the company amended its bylaws to reduce the quorum requirement for stockholder meetings.
Spark’s Take on LFLY Stock
According to Spark, TipRanks’ AI Analyst, LFLY is a Underperform.
Leafly Holdings, Inc. faces significant risks, primarily due to financial instability and technical weaknesses. The negative equity and operating losses highlight financial challenges, while the bearish technical indicators suggest further downside potential. The impending delisting exacerbates liquidity concerns. These factors collectively result in a low overall stock score, signaling caution for potential investors.
To see Spark’s full report on LFLY stock, click here.
More about Leafly Holdings, Inc.
YTD Price Performance: -82.67%
Average Trading Volume: 35,250
Technical Sentiment Signal: Strong Buy
Current Market Cap: $876K
For an in-depth examination of LFLY stock, go to TipRanks’ Stock Analysis page.