Oct. 25 at 12:12 AM
$LPTX - **Strategic Optics**: Proposing the split *now* leverages the positive sentiment from the PIPE and digital asset pivot to secure shareholder votes (December 15 meeting). The board likely wants the tool ready in case market conditions worsen.
In short, the split is a safety net. The board’s not obligated to act unless the stock stays below
$1, risking delisting. This aligns with biotech precedents—e.g., Cassava Sciences (SAVA) proposed a similar discretionary split in 2024 but didn’t execute it after a price rally.