Portman Ridge Announces Adjournment of Special Meeting of Stockholders to Allow Additional Time for Stockholders to Vote “FOR” the Share Issuance Proposal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2025
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Source: Globenewswire
Stockholder Support for Merger: PTMN stockholders have shown strong support for the proposed merger with Logan Ridge, with over 85% favorability among those who voted. The Special Meeting has been adjourned to allow more time for voting, with a reconvened meeting scheduled for June 27, 2025.
Logan Ridge Approval: Logan Ridge stockholders approved the merger on June 20, 2025, marking a significant step forward, although the merger still requires PTMN stockholder approval of the Share Issuance Proposal and other customary closing conditions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
