Lendway Stock Soars Almost 20% in After-Hours Trading — Find Out the Reason

Stock Performance: Lendway Inc. (NASDAQ: LDWY) saw a 19.88% increase in after-hours trading, reaching $4.10, despite closing down 3.11% at $3.42 during regular trading. The stock is down 26.92% year-to-date.

Certificate of Amendment: The company filed a Certificate of Amendment in Delaware, increasing its authorized common stock from 5.71 million to 10 million shares, effective immediately.

Shareholder Approval: The proposal to increase authorized shares received 1.17 million votes in favor, with 223,490 against and 5,241 abstentions, following resolutions passed by the Board on September 26.

Annual Meeting Outcomes: During the Annual Meeting, six nominees were elected as directors for a one-year term, with CFO Elizabeth E. McShane signing the filing related to the stock amendment.