other material
confidence high
sentiment neutral
materiality 0.60
Conduit Pharma stockholders approve reverse stock split up to 1-for-250 at special meeting
CDT Equity Inc.
- Proposal passed with 5,065,868 votes for, 496,473 against, 1,438 abstentions.
- Board may implement split at ratios from 1-for-2 to 1-for-100, aggregate not exceeding 1-for-250.
- The reverse stock split amendments to the certificate of incorporation have been authorized.
- Company's common stock trades under CDT on Nasdaq; warrants trade under CDTTW.