Fractional shareholders will receive cash payments, and the total outstanding shares will decrease significantly. Stock options, warrants and equity plans will be adjusted accordingly.

The company's transfer agent will provide instructions for exchanging old stock certificates for new ones, while shareholders with shares in brokerage accounts don't need to take action.

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According to data from Benzinga Pro, iBio has a 52-week high of $2.60 and a 52-week low of $0.20.