Soligenix declares Series D Preferred Stock dividend to enable reverse stock split vote for Nasdaq compliance

SOLIGENIX, INC.

Record date Jan 3, 2023; distribution Jan 4, 2023; each common share gets 1/1000th of Series D.
Series D carries 1,000 votes per share on reverse stock split proposal only.
Company received Nasdaq deficiency letter for minimum bid price non-compliance.
Reverse stock split needed to maintain listing; stock price did not respond as hoped despite NDA submission.
Unredeemed Series D shares redeemed automatically upon stockholder approval of reverse split.

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