Galena Biopharma, Inc. Stockholders Approve Business Combination with SELLAS Life Sciences Group, Ltd; Board Sets Reverse Stock Split Ratio
GALENA BIOPHARMA (GALE)
US:NASDAQ Investor Relations:
globenewswire.com/news-release/2017/12/29/1276660/0/en/galena-biopharma-inc-stockholders-approve-business-combination-with-sellas-life-sciences-group-ltd-board-sets-reverse-stock-split-ratio.html
Company Research
Source: GlobeNewswire
SAN RAMON, Calif., Dec. 29, 2017 (GLOBE NEWSWIRE) -- Galena Biopharma, Inc. (NASDAQ:GALE) (“Galena”) announced today that its stockholders approved nine proposals at the reconvened Special Meeting of Stockholders held at 9:00 a.m. Eastern Time on December 29, 2017, including all proposals necessary to approve the business combination transaction in which the businesses of Galena and SELLAS Life Sciences Group Ltd (“SELLAS”), are expected to be combined (the “Merger”). One proposal, regarding approval of an amendment to Galena’s Certificate of Incorporation to allow the Galena board of directors to approve amendments to Galena’s bylaws, was not approved. The failure of stockholders to approve this proposal has no impact on the Merger. Stockholders approved an amendment to the Galena Amended and Restated Certificate of Incorporation to effect a reverse stock split of the issued shares of the Galena common stock, at a ratio of not less than 1-for-10 and not greater than 1-for-30, wit
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