other material
confidence high
sentiment neutral
materiality 0.60
Allarity Therapeutics files 1-for-30 reverse stock split, reduces authorized shares to 250M
Allarity Therapeutics, Inc.
- Stockholders approved 1-for-30 reverse split at Sept 3 annual meeting; effective Sept 11, 2024.
- Authorized common shares reduced from 750M to 250M via Sixth Certificate of Amendment.
- Board also amended 2021 Equity Plan to increase shares reserved from ~2.2M to ~10.6M (pre-split).
- Directors Gerald W. McLaughlin and Laura E. Benjamin re-elected to Class II.
- Trading symbol ALLR unchanged; no fractional shares, rounding up.