Aug. 3 at 2:22 PM
$TOVX voting now has gotten this stock to all time lows. TOVX must approve the warrant exercise proposal today because the New Warrants issued in the October 2025 inducement deal cannot be exercised until stockholders green-light the issuance of up to ~16.2 million shares under NYSE American rules. Those warrants carry an exercise price of
$0.54 — more than double the current ~
$0.21 stock price — so full exercise would still inject roughly
$8.7 million in cash at a significant premium to the market. The accompanying authorized-share increase to 450 million is the necessary companion piece that gives the board the legal capacity to issue those shares if and when the warrants are exercised.
