LendingClub Corp postponed its annual meeting as it was about to begin on June 7 and said its second-largest shareholder had sold its entire stake in the online lender.

The double dose of bad news shows the San Francisco company hasn't yet stabilised following the exit of former chief executive Renaud Laplanche. LendingClub said in a regulatory filing that it was "not yet in a position to provide its stockholders a complete report on the state" of its business. LendingClub's annual shareholder meeting was rescheduled for June 28, according to the filing.