Assure Holdings Corp. has announced a Special Meeting of Shareholders scheduled for April 30, 2024, to vote on a proposal to increase the authorized shares of common stock. This move is part of the company's efforts to complete a merger with Danam Health, Inc., which is contingent upon Assure maintaining its Nasdaq listing and reducing its total liabilities to no more than $500,000. The merger is expected to close by July 22, 2024, but there is no guarantee. Management has outlined a series of tasks to prepare for the merger, including negotiations and settlements of debts in exchange for common shares. The company believes it has sufficient cash to fund operations until the deal closes, but failure to secure shareholder approval for the increase...Show More

Assure Holdings Corp. has announced a Special Meeting of Shareholders scheduled for April 30, 2024, to vote on a proposal to increase the authorized shares of common stock. This move is part of the company's efforts to complete a merger with Danam Health, Inc., which is contingent upon Assure maintaining its Nasdaq listing and reducing its total liabilities to no more than $500,000. The merger is expected to close by July 22, 2024, but there is no guarantee. Management has outlined a series of tasks to prepare for the merger, including negotiations and settlements of debts in exchange for common shares. The company believes it has sufficient cash to fund operations until the deal closes, but failure to secure shareholder approval for the increase in authorized shares could lead to the consumption of its cash reserves and potentially result in winding down operations or filing for bankruptcy. Additionally, without the approval, Assure would be unable to consider any strategic investments due to a lack of available shares to sell. The Board of Directors strongly supports the proposal to increase the authorized shares to 250 million, emphasizing that the approval does not mean the shares will be issued immediately but will be available if needed. Shareholders are urged to vote in favor of the proposal to ensure the company's ability to maximize value and maintain operations.