At its June 16, 2026 annual meeting, stockholders approved an amendment to the Certificate of Incorporation allowing the Board of Directors to effect a reverse stock split with an exchange ratio between 1-for-5 and 1-for-25. Stockholders also approved the issuance of more than 19.99% of outstanding common stock upon the exercise of warrants from December 2024 and December 2025 financing transactions. Additionally, Bruce Rodgers and Carollinn Gould were elected as Class I directors, and MaloneBailey, LLP was ratified as the independent auditor for fiscal year 2026. The company operates in the financial services industry, specializing in the purchase and servicing of student loans.
