Minim Inc.'s board and shareholders have approved a Certificate of Amendment to the company's Amended and Restated Certificate of Incorporation. The amendment allows for modifications to comply with Nasdaq Listing Rules, limits the "full ratchet" anti-dilution protection, and permits the waiver of this protection by a majority vote of the Series A Convertible Preferred Stockholders. These measures aim to provide the company with greater flexibility in future equity financings.
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