other material
confidence high
sentiment neutral
materiality 0.50
Phio Pharmaceuticals stockholders approve reverse stock split; ratio up to 1:25
Phio Pharmaceuticals Corp.
- Stockholders approved reverse stock split at ratio between 1:2 and 1:25; board to set exact ratio and effective date.
- Vote results: 19,728,800 For, 4,120,599 Against, 150,982 Abstain.
- Special meeting held January 4, 2023; record date November 17, 2022.
- Company also posted updated investor presentation on its website on January 6, 2023.