Sunshine Biopharma shareholders OK Nasdaq-related approval provisions for Series C warrants from $6 million offering

Sunshine Biopharma

Sunshine Biopharma

SBFM

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  • Majority stockholder written consent set a 20-day timetable for Series C warrant provisions tied to a May 2026 public offering.
  • Clears issuance above Nasdaq’s 20% threshold at a deemed discount to Nasdaq Minimum Price, supporting continued listing compliance.
  • Triggers a reverse-split reset: Series C warrant exercise price to USD 2.5, effective 20 days after the information statement mailing.
  • Authorizes future changes to Series C warrant terms, including board-set voluntary exercise price reductions and share-combination adjustments.


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