Uni-Fuels Stock Drops Premarket as Shareholders Face a Big Vote Next Week
Uni-Fuels Holdings Limited shares fell in U.S. premarket trading on Wednesday, putting fresh focus on a June 8 shareholder vote that could reshape the marine fuel supplier’s capital structure. The stock was last quoted at $0.66 before the bell, down 12%, with premarket volume of about 258,000 shares, Investing.com data showed. Premarket trading means deals made before the regular Nasdaq session opens. Why it matters now is simple: the vote comes while UFG trades below $1. The company is asking shareholders to let its board increase the votes attached to each Class B share from 10 to 100, increase authorised share capital, and carry out one or more share consolidations of up to 250-for-1 over two years. A share consolidation,