Biophytis proposes reverse stock split of up to 100 existing shares for one new share
BPTS•Biophytis proposed a reverse split exchanging up to 100 existing shares for one new share, alongside shareholder votes on capital-raising authorizations, a share buyback and other measures.
1. Shareholder proposals
Biophytis shareholders will vote on 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, and proposed offerings without preferential subscription rights could allow discounts of up to 25%.
2. Other measures
The proposals include reductions in nominal value, a buyback of up to 10% of capital at EUR 0.10 per share, and authorization to cancel repurchased shares. Jean Mariani is nominated for a three-year board term ending at the 2029 shareholder meeting.
