Callan JMB files draft information statement
CJMB•Callan JMB shareholders authorized a reverse stock split at a ratio between 1-for-2 and 1-for-20 and approved increasing authorized capital stock from 200 million to 500 million shares. The board may choose the split ratio, implement or abandon the split within 12 months, and decide whether to increase authorized shares.
1. Shareholder authorizations
Callan JMB shareholders authorized the reverse split on October 30, 2026. The board may select a ratio between 1-for-2 and 1-for-20, implement the split within 12 months of authorization, or abandon it. The authorization also allows the board to increase total authorized capital stock from 200 million to 500 million shares, comprising 490 million common shares and 10 million preferred shares.
2. Potential share issuance
The company said the expanded authorization could support future financing, acquisitions and equity compensation. The reverse split would leave authorized share counts unchanged, while future share issuance could dilute existing shareholders’ ownership and voting interests.
