Biophytis Proposes Reverse Stock Split of Up to 100 Existing Shares for One New Share
Bitget2026/10/30 22:37- Biophytis shareholders will vote on capital-raising authorizations with nominal ceilings of EUR 38 million for share capital increases and EUR 40 million for debt securities.
- Private placements would be capped at 30% of capital annually; proposed offerings without preferential subscription rights would allow discounts up to 25%.
- Proposals include a reverse split exchanging up to 100 existing shares for one new share, alongside reductions in nominal value.
- A proposed buyback covers up to 10% of capital at EUR 0.10 per share, with a separate authorization to cancel repurchased shares.
- Jean Mariani is nominated for a three-year board term, ending at the 2029 shareholder meeting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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