Eloxx Pharma shareholders back reverse stock split of up to 1-for-20
Eloxx Pharmaceuticals, Inc.
Eloxx Pharmaceuticals, Inc. ELOX | 0.00 |
- Board of Eloxx Pharmaceuticals unanimously adopted resolutions that were later ratified by majority shareholder written consent dated April 28, 2026.
- Capital actions authorized include reverse stock split of common stock within 1-for-2 to 1-for-20 range, with final ratio set by board any time before April 28, 2027.
- Certificate of incorporation amendment also authorizes cut in common stock authorized shares to 100,000,000 from 500,000,000, with timing set by board before April 28, 2027.
- Equity incentive changes adopted include raising 2018 plan share pool to 20,000,000 shares, extending plan evergreen feature, raising incentive stock option share limit to 80,000,000 shares.
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