iBio, Inc. says some directors and officers are leaving, while new ones are being chosen and hired.

IBIO · iBio, Inc.

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This gives iBio more room to issue shares, which could shrink existing owners’ stakes if the company uses that room. The stock-pay plan also adds shares automatically in future years. The board can lower those yearly additions, and the filing reports approvals rather than a new share sale. Still, the larger share pool is the clearest change for owners.