Cidara announces two proxy firms recommend vote “FOR” reverse stock split

Cidara Therapeutics announced that Institutional Shareholder Services and Glass Lewis have both recommended that stockholders vote "FOR" the proposed reverse stock split at the Company’s upcoming Special Meeting of Stockholders, scheduled for Thursday, December 15, 2022 at 8:00 a.m. PST. "We appreciate the recommendation of two leading independent proxy advisory firms advising our stockholders to vote in favor of the proposed reverse stock split," said Jeffrey Stein, Ph.D., president and chief executive officer of Cidara. "We believe that the Board’s proposal is in the best interest of all shareholders and encourage each investor to follow the recommendations of ISS and Glass Lewis and vote "FOR" the proposal promptly."