Minim nasdaq Minm Shares Take off with David E Lazar's 51 Stake Revelation

Minim (NASDAQ: MINM) Shares Take Off with David E. Lazar’s 51% Stake Revelation

Minim (NASDAQ: MINM) stock soared over 60% on Wednesday after David E. Lazar revealed his 51% active stake in the company.

David E. Lazar has revealed his substantial investment in Minim (MINM), disclosing a 51% active stake after the market closed on Tuesday.

Lazar invested in Minim by acquiring 2 million Series A Preferred Stock, each convertible into 1.4 shares of the company’s common stock. In addition, Minim issued warrants to Lazar, allowing him to purchase up to 2.8 million more shares of common stock at an exercise price of $1.00 per share, according to a Schedule 13D filing.

Expressing his enthusiasm, Lazar stated,

“I am pleased to announce my significant investment in Minim given the meaningful opportunity I believe the company represents and am eager to begin working with the board of directors and management to actively explore potential strategic options to drive shareholder value.”

Minim is a company that manufactures communications equipment under the Motorola brand. Its product range includes cable modems, cable modems/routers, mobile broadband modems, wireless routers, MoCA adapters, and mesh home networking devices.

Minim (NASDAQ: MINM) Stock Performance

MINM stock surged 61.42% on Wednesday. The traders had exchanged hands with 66,653,588 (66.65 million) shares compared to the average daily trading volume of 2.30 million.