Alaunos Therapeutics (TCRT) Stock Soars Over 29% After-Hours: Here's What's Going On

Alaunos Therapeutics Inc. (NASDAQ: TCRT) saw its stock price rise by 29.28% to $2.07 after-hours following the approval of its Second Amended and Restated By-Laws, which lowers the quorum required for shareholder votes from a majority to one-third of outstanding voting shares. This change, effective immediately, is expected to facilitate future corporate actions such as financings and mergers. The company's market capitalization is approximately $4.06 million, and its stock has experienced a 36% decline over the past year.