Mangoceuticals, Inc. Initiates Investigation into Potential Stock Manipulation Scheme Following Recent Reverse Stock Split
Mangoceuticals, Inc. (MGRX)
Company Research
Source: GlobeNewswire
DALLAS, TX, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Mangoceuticals, Inc. (NASDAQ: MGRX) (“MangoRx” or the “Company”), a company focused on developing, marketing, and selling men’s health and wellness products via a secure telemedicine platform, today announced that it has launched an investigation into potential stock manipulation related to and following its recent reverse stock split, which was effective as of October 16, 2024. This decision follows a comprehensive review of highly irregular trading patterns and an unprecedented increase in the number of shareholder accounts, factors that collectively raise concerns about potential stock manipulation. This investigation also follows a recent request the Company received from the Depository Trust Company Corporation (DTC) whereby DTC requested from MangoRx’s transfer agent delivery of an additional 213,327 shares of MangoRx’s common stock reflecting the “round-up” of fractional shares outstanding on a post-reverse split basis. This requ
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MGRX
News
- Mangoceuticals, Inc. Completes Acquisition of Mushroom-Based Wellness and Innovations Patent [Yahoo! Finance]Yahoo! Finance
- Mangoceuticals, Inc. Completes Acquisition of Mushroom-Based Wellness and Innovations PatentGlobeNewswire
- Mangoceuticals, Inc. Regains Full Compliance with Nasdaq Minimum Bid Price RequirementGlobeNewswire
- MangoRx Announces Formation of Strategy and Alternatives CommitteeGlobeNewswire
- MangoRx Responds to and Refutes Recent Claims Made by Eli LillyGlobeNewswire
MGRX
Sec Filings
- 12/26/24 - Form 8-K
- 12/19/24 - Form 8-K
- 12/6/24 - Form 8-K
- MGRX's page on the SEC website