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Adial Pharmaceuticals, Inc. (NASDAQ:ADIL), currently trading at $0.33 per share near its 52-week low of $0.32, has announced a change to the date of its 2025 Annual Meeting of Stockholders. The meeting, which was previously scheduled for an earlier date, is now set to take place on August 1, 2025. The record date for determining the stockholders entitled to vote at the meeting remains unchanged at June 4, 2025.
The company’s announcement, disclosed in a recent SEC filing, also outlines the requirements for stockholders who wish to solicit proxies in support of director nominees other than those proposed by the company’s management. These stockholders must provide notice by June 26, 2025, which is 10 calendar days after the announcement of the new meeting date. This notice must include the information required by Rule 14a-19 under the Securities Exchange Act of 1943, as amended.
Further details regarding the time and location of the 2025 Annual Meeting will be provided in the company’s amended definitive proxy statement, which will be filed with the Securities and Exchange Commission.
Adial Pharmaceuticals, headquartered in Glen Allen, Virginia, is a pharmaceutical company that operates within the industry classification of pharmaceutical preparations. With a market capitalization of $2.57 million, the company maintains a positive cash position relative to debt, though InvestingPro analysis indicates an overall weak financial health score of 1.5 out of 10. The company’s common stock is traded on the Nasdaq Capital Market under the ticker symbol ADIL, and has experienced significant pressure, down 75% over the past year. Subscribers to InvestingPro can access 13 additional key insights about ADIL’s financial performance and market position.
The information provided in this article is based on the company’s SEC filing.
In other recent news, Adial Pharmaceuticals has made significant strides in its development efforts for its investigational drug, AD04, aimed at treating Alcohol Use Disorder (AUD). The company has advanced the design of its Phase 3 trial with the help of Cytel Inc., focusing on genetic subpopulations that may respond better to the treatment. Additionally, Adial has secured a meeting with the FDA to discuss the clinical development plan for AD04, reinforcing its regulatory strategy. In financial developments, Adial entered into a warrant inducement agreement, raising $2.75 million to support general corporate purposes. The company also announced a revised deadline for shareholder proposals for its 2025 Annual Meeting, scheduled for July 24, 2025. Furthermore, Adial was granted a new patent for a method of treating alcohol and opioid-related disorders, highlighting its focus on precision medicine. The patent covers the use of AD04 for patients with specific genetic markers, potentially enhancing treatment efficacy. These recent developments reflect Adial’s ongoing commitment to advancing its product candidates and securing necessary regulatory approvals.
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