10:51 AM EDT, 04/12/2024 (MT Newswires) -- Sunshine Biopharma ( SBFM ) shares slid about 15% in recent trading after the company said Friday that it will implement a 1-for-100 reverse stock split, effective at market open on Wednesday.

The company said that the reverse split is to help the firm regain compliance with the minimum bid price rule for continued listing on the Nasdaq.

Price: 0.07, Change: -0.01, Percent Change: -14.58