Wearable Devices Ltd said it received a letter from certain proposing shareholders demanding that the board convene a special general meeting of shareholders.
The shareholders' demands include removing 4 of the company's 5 directors and electing 4 nominees designated by the proposing shareholders.
The proposing shareholders said they collectively hold about 24.8% of the company's voting rights.
Wearable Devices Ltd Received Letter From Certain Proposing Shareholders Demanding Board To Convene A Special General Meeting Of Shareholders - WLDS News | Rallies
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