Stockholders approve merger with Crescent Biopharma; 1-for-100 reverse split

CRESCENT BIOPHARMA, INC.

Stockholders approved all 10 proposals including merger agreement, stock issuance, charter amendments, reverse split, and equity plans.
Board approved 1-for-100 reverse stock split; outstanding shares reduced from ~64.5M to ~0.6M.
Post-merger combined company to trade as Crescent Biopharma, Inc. (CBIO) on Nasdaq starting June 16, 2025.
Combined company expected to have ~14.8M shares outstanding (~25.3M fully diluted) post-merger.

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