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Picard Medical lowers stockholder meeting quorum requirement to 33.3% of voting power
PMIPicard Medical, Inc.
The Board of Directors approved an amendment to the Company's Amended and Restated Bylaws, effective immediately, reducing the quorum required for a meeting of stockholders from a majority of outstanding shares entitled to vote to thirty-three and one-third percent (33 1/3%). This change complies with Section 216 of the Delaware General Corporation Law and NYSE American Company Guide requirements. Picard Medical, Inc. operates in the medical device industry, developing minimally invasive surgical technologies.