secwatch / observer
8-K filed October 20, 2023, 7:59 PM ET ticker SBFM CIK 0001402328
other material confidence high sentiment neutral materiality 0.65

Sunshine Biopharma amends warrants to $0.11 exercise price and removes CEO voting restriction

Sunshine Biopharma Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Sunshine Biopharma Inc. amended Warrant Agent Agreement with Equiniti Trust Company valued at Amendment to Warrant Agent Agreement reducing exercise price to $0.11 and eliminating prohibition on (effective 2023-10-18).

Action
amendment
Counterparty
Equiniti Trust Company
Value
Amendment to Warrant Agent Agreement reducing exercise price to $0.11 and eliminating prohibition on
Effective
2023-10-18
Exact text from the filing
On October 18, 2023, Sunshine Biopharma, Inc. (the “Company”) entered into an amendment to the Warrant Agent Agreement, dated February 17, 2022 (the “Warrant Agent Agreement”), between the Company and Equiniti Trust Company to (i) reduce the exercise price of the outstanding warrants issued by the Company on February 17, 2022 to $0.11, subject to further adjustment as provided therein, and (ii) eliminate the provision under the Warrant Agent Agreement that prohibits the Company’s chief executive officer, Dr. Steve N. Slilaty, from exercising his voting rights under his Series B Preferred Stock of the Company.
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Sunshine Biopharma Inc. filing history →

Source: SEC EDGAR
accession 0001683168-23-007302
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