On Friday Phio Pharmaceuticals Corp. (NASDAQ:PHIO) stock dipped -9.94% and closed at 0.14. The stock opened the session at $0.14 and touched its highest price point at $0.15. Its recent trading capacity is 933903 shares versus to its average trading volume of 1493606 shares. The company’s stock’s lowest price point for the session stood at $0.13.PHIO traded as low as $ 0.1 in the past 52 weeks, and shares hit its peak level to $0.53.
Phio Pharmaceuticals Corp. (NASDAQ:PHIO) a biotechnology company developing the next generation of immuno-oncology therapeutics based on its proprietary self-delivering RNAi (INTASYL™) therapeutic platform, declared that its 2019 Special Meeting of Stockholders, scheduled for December 12, 2019, was convened and adjourned without any business being conducted due to the fact that quorum was not achieved on the proposals to be approved. The Special Meeting will be reconvened at 9:00 a.m. (Eastern Time) at the Company’s executive offices on January 10, 2020 to allow more opportunity for stockholders to vote on all proposals described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (SEC) on November 22, 2019.
The Company advises shareholders that the proxy statement dated November 22, 2019 pertains to the ongoing solicitation for the Special Meeting of Stockholders, and is distinct from the proxy statement dated August 30, 2019 relating to the Annual Stockholder Meeting held on October 24, 2019. Therefore, shareholders are kindly reminded that if they voted at the Annual Stockholder Meeting, their vote for the proposals of the Special Meeting will still need to be cast.
The Company encourages any stockholders that have not received communications from their brokers or banks or are uncertain if their shares have been voted to contact the Company’s proxy specialists at the number listed below in order to help facilitate the voting of shares.
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