Canopy Growth stock tumbles after announcing $200 million share sale plan
Iron Horse Acquisitions Corp. (NASDAQ:IROH), whose stock has surged nearly 20% in the past week to $13 per share, adjourned its special meeting of stockholders on Friday, according to a statement in a recent SEC filing. The meeting, which was called to approve the Extension Amendment Proposal and the Trust Amendment Proposal as outlined in the company’s proxy statement filed on May 30, was opened and then adjourned without conducting any business other than approving the adjournment itself. InvestingPro data suggests the stock is currently trading in overbought territory.
The special meeting is now scheduled to reconvene at 10:00 AM Eastern Time on Wednesday, June 25. Stockholders who wish to change or revoke their previous votes on the Extension Amendment Proposal or the Trust Amendment Proposal may do so before 11:59 PM Eastern Time on Tuesday, June 24.
Iron Horse Acquisitions Corp., with a market capitalization of $107 million, is incorporated in Delaware and is listed on the Nasdaq Stock Market under several symbols, including IROH for common stock, IROHU for units, IROHW for redeemable warrants, and IROHR for rights. The company currently trades at a P/E ratio of 95, suggesting a premium valuation. For more detailed financial metrics and exclusive insights, consider subscribing to InvestingPro, which offers additional trading signals and valuation metrics.
This information is based on a press release statement included in the company’s recent SEC filing.
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