Sunshine Biopharma (SBFM) has released an update.
Sunshine Biopharma, Inc. recently reacquired warrants for over 21 million shares of its common stock through two separate agreements, spending a total of approximately $3.14 million. The deals involved buying back May 2023 Warrants for over $2.36 million and April 2022 Warrants at $0.08 each, adding up to $778,055. These transactions led to the cancellation and termination of the warrants, signaling a strategic move by the company to manage its outstanding securities.
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