Polarityte Inc (NASDAQ:COOL) on March 10, 2017 held its special meeting which incorporated a voting session. The company today made the move to make public the voting results. The meeting oversaw a representation of about 3,369,498 shares of common stock.
The voting process was smooth with all the shareholders participating in the voting process which had them make their voice regarding the matters before the meeting. 99% of the voters in attendance voted in favor of the consummation of the previously proposed merger between PolarityTE, Inc and Majesco Entertainment Company.
The Chairman and Chief Executive Officer of Polarity, Denver Lough during his speaking turn had a lot to appreciate. Firstly, he thought of the popular voter of almost 100% as a unique one. It showed that the company was moving in the right direction in carrying out activities that aligned to the hopes and wishes of its loyal shareholders.
Secondly, he made it known the management’s plan to move ahead and close the merger. According to him, closing the merger was in a way making steps important towards transforming the company and pushing it to the pinnacle in terms of economic success and business expansion. The company has great potential which hasn’t yet been exploited fully. The company looks forward to exploit its full potential and be able to impress its investors with great returns.
The approval by the shareholders in one way or the other marks an important milestone for the high end provider and the future is seemingly more promising. The top executive thanked all the countless individuals who had invested so much in terms of their time as well as resources towards getting the company to its current standing.
He had special thanks to give to the Majesco family for its unending efforts in supporting development plans. The board of directors had always remained dedicated to progress and the former CEO wouldn’t go unmentioned for the great leadership skills he showcased to help the company become what it is today.
In a number of the recent meetings, the company has been discussing lot of developmental issues and it goes without saying that the company will soon be rising even higher especially considering its recent merger.