Full Press Release Details
Biopharma Announces Adjournment of Special Shareholders Meeting
- Meeting adjourned to October 10, 2022 at 11 a.m. PST
- GTB encourages all stockholders of record on August 8, 2022 who have not yet voted
- to do so by 11:59 p.m. PST Time on October 9, 2022
CALIFORNIA, October 4, 2022 /PRNewswire/ - GT Biopharma, Inc. (the "Company" or "GTB") (NASDAQ: GTBP),
a clinical stage immuno-oncology company focused on developing innovative therapeutics based on the Company's proprietary natural
killer (NK) cell engager, TriKE platform, today announced that its 2022 Special Shareholders Meeting has been adjourned to October
10, 2022 at 11 a.m. PST due to lack of quorum for its previously scheduled meeting. The adjournment provides the Company with
additional time to solicit the necessary proxies from its shareholders to achieve a quorum at the Special Shareholders Meeting.
proposal for the Special Shareholders Meeting remains the ratification by shareholders of the inclusion of discretionary votes by brokers
and other nominees holding shares for beneficial owners in the approval of the proposal submitted at the Company's 2022 Annual
Meeting to reduce the Company's authorized shares of common stock from 750 million to 250 million.
transaction of business at the Special Shareholders Meeting requires a quorum of more than one-half of the outstanding shares of the
Company entitled to vote, represented in person or by proxy. The record date for the adjourned Special Shareholders Meeting remains the
close of business on August 8, 2022. Shareholders who have already voted do not need to recast their votes unless they wish to change
their votes. Proxies previously submitted will be voted at the reconvened meeting unless properly revoked. Shareholders who have not
already voted or wish to change their vote are encouraged to do so promptly using the instructions provided in their voting instruction
Company urges all shareholders to vote their shares immediately to ensure their votes count in time for the Special Shareholders Meeting
on October 10, 2022. If you have any questions or require any assistance in voting your shares, please contact GT Biopharma.
Biopharma, Inc. is a clinical stage biopharmaceutical company focused on the development and commercialization of immuno-oncology therapeutic
products based on our proprietary TriKE NK cell engager platform. Our TriKE platform is designed to harness and
enhance the cancer killing abilities of a patient's immune system's natural killer cells. GT Biopharma has an exclusive worldwide
license agreement with the University of Minnesota to further develop and commercialize therapies using TriKE technology.
For more information, please visit gtbiopharma.com.
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