Bidstack shares were down over 10% at the time of writing on Wednesday after receiving requests to call a general meeting to consider removing two directors, Glen Calvert and Lisa Hau, from office.
The in-game advertising company said they received a series of nine letters from Interactive Investor Services Nominees, Hargreaves Lansdown (Nominees) and Lawshare Nominees on behalf of investors with holdings amounting to 5.25% of the issued ordinary share capital.
The company is required to call a general meeting within 21 days of receipt of a valid requisition and hold that meeting within 28 days.
Bidstack shares have lost over 74% of their value since the beginning of 2023.
Full-year revenue for 2022 rose 101% to £5.3m, but Bidstack’s loss after tax widened to £7.7m.