Dermata Therapeutics Enhances Equity Plan and Approves Stock Split

Dermata Therapeutics (DRMA) just unveiled an announcement.

Dermata Therapeutics, Inc. stockholders, in their 2024 Annual Meeting, have greenlit a significant amendment to their equity incentive plan which will increase the number of shares reserved for issuance and the annual addition of shares. Additionally, they approved a reverse stock split, appointed Moss Adams LLP as their independent accounting firm for the year, and passed a measure to adjourn the meeting if there weren’t enough votes for key proposals. The election of three directors to the board was confirmed with a majority vote.

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