Upcoming Shareholder Meetings to vote for Reverse Splits or changes in Authorised Share counts

May 03, 2012 No Comments by

The following is a list of some companies with upcoming meetings (May – June 2012) where shareholders will be asked to vote to give permission to enforce a reverse split and/or change (usually increase) the number of authorised shares.

REVERSE SPLIT VOTES:

BIONOVO INC (BNVI):  May 3 – Reverse Split vote at a ratio of 1-for-250.

CytRx Corporation (CYTR): May 14 – Reverse Split vote at a ratio range of between 1-for-3 and 1-for-12.

AspenBio Phama Inc (APPY):  May 22 – Reverse Split vote at a ratio of between 1-for-2  and 1-for-6.

iCAD, Inc (ICAD): May 22 – Reverse Split vote at a ration of between 1-for-2 and 1-for-6.

Cyclacel Pharmaceuticals (CYCC): May 23 – Reverse stock split at a ratio of up to and including 1-for-10.

Biosante Pharmaceuticals Inc (BPAX): May 30 – Reverse Split vote at a ratio of between 1-for-2 and 1-for-10.

Alexza Pharmaceuticals Inc (ALXA): June 6 – Reverse Split vote at a ration between 1-for-3 and 1-for-10.

 

CHANGES IN AUTHORISED SHARE COUNT

 

XenoPort Inc (XNPT): May 16 – Increase the total number of shares of common stock authorised for issuance from 60m shares to 100m shares.

Geron Corporation (GERN): May 17 – Increase the number of authorised shares from 200m to 300m shares of common stock.

MannKind Corporation (MNKD): May 17 –  Increase the number of authorised shares of common stock from 250m to 350m shares.

CEL-SCI Corporation (CVM): May 18 – Increase the number of authorised shares of common stock from 450m to 600m.

Exelixis, Inc (EXEL): May 23 – Increase the authorised number of shares of common stock from 200m to 400m.

Delcath Systems, Inc (DCTH): May 23 – Increase the number of authorized shares from 70m to 170m shares.

XOMA Corporation (XOMA): May 24 –  Increase the number of authorised shares from 92.7m to 138.7m shares.

OXiGENE, Inc. (OXGN): May 24 – DECREASE the number of authorised shares  from 300m shares to 100m shares.

Zogenix, Inc (ZGNX): June 6 – Increase the number of authorised shares of common stock from 100m to 200m shares.

MediciNova, Inc (MNOV): June 14 –  Increase the number of authorised shares from 30m to 100m  shares.

Arena Pharmaceuticals, Inc (ARNA): June 15 – Increase the total number of authorised shares from 250m to 375m.

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About the author

Currently residing in New Zealand and employed in the education industry, Mr. A. Burden holds a M.Com in International Business from the University of Sydney and used these skills together with his passion for investing to establish BioPharmCatalyst in June 2010 as a tool for investing decisions in the US pharmaceutical market. He spends much of his free time mountain biking, playing squash and hiking.
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