NEW YORK, NY, June 20, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Global Arena Holding, Inc. (the “Company”) (OTC Markets: GAHC), a growth oriented, acquisition minded company focused on specific niche markets offering exponential growth, is announcing that at a Special Meeting of the Board of Directors was held on June 10, 2022, and the Directors addressed the shareholder approval for the 1 for 12 reverse, while discussing the 2021 annual Shareholders meeting. In discussing the need to move forward with the 1 for 12 reverse split, the Directors considered the potential lack of an ability to attract new employees, retain and motivate current employees, and raise potential capital for current acquisitions, mergers, or investments.
Prior to its annual 2021 Shareholder Meeting, the Company had filed the required Schedule 14A which included the proxy statement and proxy with the Securities Exchange Commission, and hearing no comments, created a record date of July 8th, 2021. The Company then mailed, and electronically posted its proxy statement and proxy through third party companies Broadridge, Mediant and Clear Trust, notifying all shareholders of the proposals, and the location of the annual meeting of the Company, which was held at the Kimberly Hotel, 145 E. 50th Street, New York, New York 10022 at 9:00 a.m. local time, on September 7, 2021. In the proxy statement, the Directors clearly discussed the proposal for shareholders to authorize the Company to…
