Apr. 3 at 12:39 AM
$ALBT Thank you for your interest in the stock. Below is a statement from the Company that clarifies the information:
On March 30, our shareholders approved several proposals related to the Company’s capital structure and financing flexibility, including authorization for the Board to implement a reverse stock split in the future, if deemed appropriate.
This approval does not mean a reverse stock split is being implemented at this time. There is currently no reverse stock split planned. The authorization simply provides the Board with flexibility to act in the future if it determines it is in the best interest of the Company and its shareholders.
This type of authorization is a standard governance measure designed to maintain optionality as companies evaluate strategic and corporate priorities. Avalon remains focused on executing its business strategy and advancing its ongoing initiatives.
