Ocugen Faces Delaware Share-Vote Class Action Lawsuit

Reuters03-05
<a href="https://laohu8.com/S/OCGN">Ocugen</a> Faces <a href="https://laohu8.com/S/VMM">Delaware</a> Share-Vote Class Action Lawsuit

Ocugen Inc. has asked the Delaware Court of Chancery to validate a 2024 charter amendment that increased its authorized common shares to 390 million, after a stockholder lawsuit challenged whether super-voting Series C preferred shares were eligible to be counted toward approval. The company says it has already issued about 33.0 million shares in reliance on the amendment and is seeking a court order to confirm the amendment’s effectiveness and validate any stock issued under it, which could moot the related putative class action.

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