GlycoMimetics Stockholders Approve Proposed Merger with Crescent Biopharma and All Related Proposals [Yahoo! Finance]
GlycoMimetics, Inc. (GLYC)
Last glycomimetics, inc. earnings: 5/1 07:00 am
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US:NASDAQ Investor Relations:
ir.glycomimetics.com/investor-relations
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Source: Yahoo! Finance
ROCKVILLE, Md., June 05, 2025 BUSINESS WIRE )--GlycoMimetics, Inc. (Nasdaq: GLYC) ("GlycoMimetics") today announced that its stockholders have approved the proposed merger (the "Merger") with Crescent Biopharma, Inc. ("Crescent"), along with all proposals related to the Merger. The proposals were voted upon at GlycoMimetics' special meeting in lieu of the annual meeting of stockholders held on June 5, 2025 (the "Special Meeting"), including a reverse stock split of GlycoMimetics' common stock to be effected at the discretion of the board of directors of GlycoMimetics (the "Board") within the parameters approved by GlycoMimetics' stockholders. On June 5, 2025, following the Special Meeting, the Board approved a reverse stock split of GlycoMimetics' common stock at a ratio of 1-for-100. Following the anticipated closing of the Merger, the combined company's common stock is expected to begin trading on a post-reverse stock split basis on The Nasdaq Capital Market ("Nasdaq") on June 16
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