Soligenix Encourages Stockholders to Vote “FOR” Reverse Stock Split
Most shareholders can vote by calling 1-833-782-7145
PRINCETON, N.J., May 23, 2024 /PRNewswire/ — Soligenix, Inc. (Nasdaq: SNGX) (Soligenix or the Company), a late-stage biopharmaceutical company focused on developing and commercializing products to treat rare diseases where there is an unmet medical need, encourages its eligible stockholders to vote “FOR” a Reverse Stock Split. The Company and its Board of Directors believe it is important to maintain the listing of the Common Stock on The Nasdaq Capital Market (“Nasdaq”). “Failure to maintain our listing on Nasdaq and meet Nasdaq’s listing requirements has the potential to detrimentally impact our ability to attract the necessary institutional support to advance the HyBryte™ Phase 3 confirmatory trial and our other pipeline clinical programs to important value inflection points necessary to secure potential partnerships and/or additional non-dilutive government funding to build shareholder value,” stated Christopher J. Schaber, PhD, President and Chief Executive Officer of Soligenix.