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Sunshine Biopharma drops 5.17% after announcing a one-for-ten reverse stock split.

Company Fundamentals
29 May 2026
Tanya Rawat
View Source
Bearish
pluang ai news

Sunshine Biopharma shares fell 5.17% in after-hours trading following the announcement of a one-for-ten reverse stock split effective June 1, 2026. The reverse split aims to meet Nasdaq's minimum bid price requirement by consolidating every ten shares into one, reducing outstanding shares from 21.24 million to about 2.12 million. The company focuses on generic drugs and proprietary treatments in oncology and antiviral fields, with plans to launch new products in 2026. The stock has declined nearly 78% over the past year and currently trades around $0.30 after hours.

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