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0 0.00819672131147542 -0.00819672131147542 -0.00819672131147542 -0.102459016393442 -0.213197540983607 -0.30155737704918 -0.294508196721311
Stock impact report

TransCode Therapeutics Open Letter to Shareholders [Yahoo! Finance]

TransCode Therapeutics, Inc. (RNAZ) 
Company Research Source: Yahoo! Finance
Dear Shareholder, As you may have seen, we have filed an amended proxy statement in connection with our Annual Meeting scheduled for June 13. One of the proposals in the proxy provides for authorizing the Board of Directors, if they believe it is the best interests of the company and shareholders, to effect a reverse split of our stock. This has been one of the most difficult deliberations we have had. This is NOT something any of the directors (or management) wishes to do – and hopes that it won't be needed. The reason for the requested authorization is that our common stock did not close at $1.00 per share or more for any ten day period ended May 6, the so-called Minimum Bid Requirement. As we noted in the 8-K filed May 10, Nasdaq has notified us that because we did not meet the Minimum Bid Requirement by May 6, the Nasdaq staff is recommending that our shares be delisted. We have the right, and we intend to, file a request for a Nasdaq Panel Hearing at which hearing we int Show less Read more
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