MetaVia Inc. is trading at $1.94 (-12.61%) in after-hours trading after stockholders approved a reverse stock split and an equity plan expansion during the June 8 annual meeting.
- The approval of the reverse split and expanded equity plan has fueled investor concerns regarding potential share dilution and recapitalization risks.
- The after-hours slide follows a volatile regular session where the stock closed at $2.22 after a -13.62% drop.
- The selloff appears to be company-specific, as the downward movement occurred while broader market indices were trending higher.