other material
confidence high
sentiment neutral
materiality 0.50
Sunshine Biopharma majority owner approves reverse split up to 1-for-20
Sunshine Biopharma Inc.
- Dr. Steve N. Slilaty, CEO, holding ~97% voting power, approved reverse split via written consent on Sept 15, 2026.
- Board authorized to effect split at ratio up to 1-for-20, with exact whole-number ratio at board's discretion.
- Consent effective 20 days after definitive information statement mailed to stockholders.
- Split applies to common stock (SBFM); warrants (SBFMW) also listed on Nasdaq.
- No timeline for board decision; action allows flexibility to meet listing requirements.