🔴 MetaVia Inc. is trading 18.5% down today on dilution fears after reverse split and equity plan approval

MetaVia Inc. is trading 18.5% down at $1.81 after shareholders approved a reverse stock split and an expanded equity incentive plan on June 8.

• The approval has triggered investor concerns regarding potential share dilution and the long-term impact on the company's balance-sheet optics.
• Shares are extending a steep decline from the previous session as the market reassesses the company’s capital structure and future share count.
• The downward move persists despite a broadly firmer backdrop across the wider U.S. equity markets.