SilverSun Technologies Announces Approval of $1B Equity Investment and Reverse Stock Split

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announced that its stockholders approved a $1 billion equity investment by Jacobs Private Equity II, LLC and certain co-investors, along with the adoption of several amendments to the company's Certificate of Incorporation. Additionally, the company announced an 8-1 reverse stock split effective June 6, 2024. All proposals at the special meeting received the necessary stockholder approval, with the reverse stock split set to reduce the number of outstanding shares from 5,315,581 to 664,447.

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