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Fusion shareholders approve Birch deal, name change

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Fusion shareholders approve Birch deal, name change

Fusion Telecommunications International Inc. shareholders voted to approve the company's deal to buy the cloud and business services customers, operations and infrastructure of privately held Birch Communications Inc.

Also at the company's annual meeting of stockholders on Feb. 21, the stockholders approved an amendment to the company's certificate of incorporation to effectuate a reverse stock split of the issued and outstanding shares of the company's common stock at a ratio of up to 5:1, to the extent determined necessary by the board to comply with the listing requirements in connection with the post-merger listing of the common stock on the Nasdaq Capital Market.

According to a Feb. 21 SEC filing, the shareholders also voted in favor of increasing the number of authorized shares of common stock to 150 million from 90 million and of changing the company's name to Fusion Connect Inc.