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On March 28, 2024, the Council of the Corporation Law Section of the Delaware State Bar Association (the "Council") approved its legislation proposing to amend the General Corporation Law of the State of Delaware. ....
Increasingly, many small-cap and microcap public companies are failing to secure stockholder approval of critical proposals, particularly for reverse stock splits and authorized share increases. ....
Delaware is quite flexible with this amendments and this can be done in as little as 1 hour depending on whether you decide to pay expedited fees or not. ....