What's Going On With Ocugen (OCGN) Shares?
Portfolio Pulse from Henry Khederian
Ocugen Inc (NASDAQ:OCGN) shares surged 25.6% to $2.06, possibly due to the Third Circuit Court of Appeals upholding the dismissal of securities class action lawsuits against the company. Additionally, Ocugen's Board of Directors approved an amendment to reduce the quorum requirement for stockholder meetings, potentially streamlining corporate governance and enhancing flexibility.
March 25, 2024 | 4:04 pm
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Ocugen Inc's stock price surged 25.6% to $2.06, following a legal victory and a corporate governance amendment to lower quorum requirements for stockholder meetings.
The surge in Ocugen's stock price is directly attributed to the positive outcome of the legal case, which likely alleviated investor concerns regarding potential liabilities. Additionally, the amendment to lower quorum requirements for stockholder meetings is seen as a move to enhance corporate flexibility and governance, potentially making the company more attractive to investors.
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