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May 29, 2026 4:00 AM

Why Sunshine Biopharma (SBFM) Stock Dropped After Hours Today

Sunshine Biopharma Inc. (NASDAQ:SBFM) shares are trading lower in after-hours trading on Thursday.

SBFM shares fell 5.17% to $0.30 in after-hours trading after the company announced a one-for-ten reverse stock split, effective at market open on June 1, 2026.

Sunshine Biopharma is a pharmaceutical company focused on generic prescription drugs, over-the-counter supplements and the development of proprietary treatments in oncology and antiviral therapeutics.

Reverse Stock Split

The company said the reverse stock split was undertaken to regain compliance with Nasdaq’s minimum bid price requirement for continued listing.

According to the announcement, every ten shares of common stock currently outstanding will be combined into one share. The reverse split is expected to reduce the company’s issued and outstanding common shares from 21.24 million to approximately 2.12 million.

Sunshine Biopharma said the ...