Skye Bioscience (SKYE) has released an update.
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This pro forma balance sheet offers a hypothetical snapshot of a company’s financial position, factoring in recent private stock placements, real estate sales, and an increase in authorized capital stock. These changes have enabled the company to meet the Nasdaq Capital Market’s $5 million stockholders’ equity threshold for initial listing. The balance sheet, which builds on the September 30, 2023, financial data, serves as a useful tool for investors to gauge the company’s post-third-quarter activities and their financial implications.
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