Gyro’s $300 Million Cullgen Acquisition Sets June 10 Vote and Tiered Insider Lock‑Ups

*TL;DR: Gyro bought Cullgen for $300 million in an all‑stock deal, will hold a June 10 vote on converting Series B Preferred shares, and requires insiders to lock up their new holdings in thirds over 180 days, 12 months and 18 months.

Context On May 4, 2026 Gyro completed its merger with Cullgen, a Delaware‑incorporated tech firm. The transaction was structured as an all‑stock exchange, valuing Cullgen at roughly $300 million. Under the merger, Cullgen became a wholly owned subsidiary of Gyro, and the surviving entity issued Series B Preferred Stock to designated Cullgen shareholders.

Key Facts - Gyro will convene a stockholder meeting on June 10, 2026 to seek approval for converting the newly issued Series B Preferred Stock into common shares, as required by Nasdaq rules. - Each share of Series B Preferred can be converted into five common shares, but the company will not issue more than 19.99 % of its existing common stock until the conversion is approved. - Insiders receiving Series B shares must lock up one‑third of their holdings for 180 days, another third for 12 months, and the final third for 18 months after the merger closes.

What It Means The June 10 vote will determine whether Series B Preferred holders can exchange their shares for common stock, potentially diluting existing shareholders but providing liquidity to former Cullgen owners. The staggered lock‑up schedule aims to prevent a sudden flood of shares onto the market, which could depress Gyro’s stock price. Investors will watch the vote outcome and subsequent trading patterns once the first lock‑up period expires.

*Watch for the June 10 shareholder decision and the first 180‑day lock‑up release, which will signal market reaction to the merger.*