Vivoryon Therapeutics AG (GB:0R3M) has released an update.
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Vivoryon Therapeutics N.V., a clinical stage biotechnology company, has announced the successful completion of its share capital reduction from EUR 1.00 to EUR 0.01 per share, a move aimed at enhancing the company’s financial agility. This strategic step, approved by shareholders and unopposed in the creditor opposition procedure, is expected to facilitate new financing, M&A activities, and the granting of equity awards. The reduction amount has been transferred to the company’s distributable reserves, with no change in the total number of shares issued.
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