other material
confidence high
sentiment neutral
materiality 0.50
Majority shareholder approves reverse stock split up to 1-for-10 for Sunshine Biopharma
Sunshine Biopharma Inc.
- Dr. Steve N. Slilaty, holding ~96% voting power, approved by written consent a reverse split of common stock up to 1-for-10.
- Board has discretion on whether to effect the reverse split and the exact ratio (whole number up to 1-for-10).
- Shareholder consent will be effective 20 days after mailing definitive information statement to stockholders.
- Dr. Slilaty is CEO and controls approximately 96% of total voting power.