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cbdMD, Inc. Announces Automatic Conversion Date of Series A Preferred Stock and One for Eight Reverse Split of its Common Stock Immediately Following the Automatic Conversion
Newsfile· 2025-04-22 00:20
Core Points - cbdMD, Inc. announced the automatic conversion of its 8% Series A Cumulative Convertible Preferred Stock into Common Stock, effective May 6, 2025, with each share of Preferred Stock converting into thirteen shares of Common Stock [2][3] - The company will also implement a one-for-eight reverse stock split of its Common Stock, effective immediately after the automatic conversion on May 6, 2025 [4][5] - Following these actions, the number of issued and outstanding shares of Common Stock will reduce from approximately 71.26 million to about 8.91 million shares [5][7] Company Actions - The automatic conversion and reverse stock split were approved by shareholders at the annual meeting on April 10, 2025, and are aimed at improving the company's capital structure [3][4] - The reverse stock split will not affect shareholders' percentage ownership or voting power, except for minor adjustments due to fractional shares [5] - The company aims to eliminate approximately $6.7 million in accrued dividend liabilities and $4.0 million in perpetual annual obligations through these actions, enhancing its balance sheet [7] Strategic Outlook - The CEO expressed optimism about the company's recent developments, including strong sales results and new distribution deals, indicating a turning point for cbdMD [6] - The company believes that these structural changes will provide strategic flexibility for future mergers and acquisitions, positioning it for growth opportunities [7]
SUNation Energy Announces Reverse Stock Split
Globenewswire· 2025-04-16 13:15
RONKONKOMA, N.Y., April 16, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (“SUNation” or “the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that its Board of Directors approved a 200 - for 1 reverse stock split of the Company’s outstanding common stock effective 12:01 a.m. Eastern Time on April 21, 2025. The Company’s common stock will continue to trade under the symbol “SUNE” and it is exp ...
HCW Biologics Announces 1-for-40 Reverse Stock Split
Globenewswire· 2025-04-01 20:35
Core Points - HCW Biologics Inc. announced a 1-for-40 reverse stock split effective April 11, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share [1][2] - The reverse stock split will reduce the number of shares outstanding from approximately 44,934,120 to about 1,123,353, while the total authorized shares will remain at 250,000,000 [3] - The reverse stock split will not affect stockholders' percentage ownership, except for those who would receive fractional shares, who will instead receive one whole share [2][3] Company Overview - HCW Biologics is a clinical-stage biopharmaceutical company focused on developing novel immunotherapies aimed at extending health span by addressing inflammation linked to age-related diseases [6] - The company utilizes two drug discovery platforms: the TOBI™ platform, which has produced several molecules including HCW9218 and HCW9302, and the TRBC platform, which employs a unique protein-based backbone for immunotherapeutics [6]
MarketWise Announces 1-for-20 Reverse Stock Split
Globenewswire· 2025-03-31 21:28
Core Viewpoint - MarketWise, Inc. will implement a 1-for-20 reverse stock split to enhance its stock price and meet Nasdaq listing requirements, effective April 2, 2025 [1][6]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of issued and outstanding Class A common stock from approximately 49,487,262 shares to about 2,474,363 shares, and Class B common stock from approximately 276,623,803 shares to about 13,831,190 shares [3]. - The authorized Class A common stock will decrease from 950,000,000 shares to 47,500,000 shares, and Class B common stock from 300,000,000 shares to 15,000,000 shares [5]. - Fractional shares resulting from the reverse stock split will be paid in cash based on the closing price on April 2, 2025 [6]. Group 2: Rationale and Expectations - The reverse stock split aims to bring the stock price into a range more aligned with the company's market capitalization, making it more appealing to institutional investors and improving market perception [3]. - The company believes that the higher share price will help meet Nasdaq's minimum bid price requirement of $1.00 per share [6]. Group 3: Company Overview - MarketWise is a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors [7]. - The company has over 25 years of operating history and serves millions of subscribers, offering its products through various digital platforms [8].
Nxu, Inc. Announces 1-for-20 Reverse Stock Split
Newsfilter· 2025-03-27 12:30
Core Viewpoint - Nxu, Inc. announced a planned reverse stock split of its Class A common stock at a ratio of 1-for-20, effective March 31, 2025, to enhance marketability and maintain NASDAQ compliance [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split was approved by stockholders on February 11, 2025, with the final ratio set at 1-for-20 [2]. - The new CUSIP number for the Class A common stock will be 62956D303, and the par value per share remains at $0.0001 [2]. - Proportionate adjustments will be made to the exercise prices and/or the number of shares under all outstanding options, warrants, and equity awards [2]. Group 2: Company Strategy and Impact - The reverse stock split aims to facilitate the proposed merger with Verde Bioresins and improve the market price of the Class A common stock [3]. - The split will combine every 20 shares into one, affecting all stockholders uniformly, with no fractional shares issued [3]. - The number of authorized shares of Class A common stock will remain unchanged [3]. Group 3: Procedural Information - Equiniti Trust Company, LLC is acting as the exchange agent for the reverse stock split [4]. - Stockholders in book-entry form or brokerage accounts do not need to take any action regarding the split [4].
Nxu, Inc. Announces 1-for-20 Reverse Stock Split
Globenewswire· 2025-03-27 12:30
Core Viewpoint - Nxu, Inc. announced a planned reverse stock split of its Class A common stock at a ratio of 1-for-20, effective March 31, 2025, to enhance marketability and comply with NASDAQ listing requirements [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split was approved by stockholders on February 11, 2025, allowing a split ratio between 1-for-5 and 1-for-20, ultimately set at 1-for-20 [2]. - The new CUSIP number for the Class A common stock will be 62956D303, with a par value per share remaining at $0.0001 [2]. - Proportionate adjustments will be made to the exercise prices and number of shares under all outstanding options, warrants, and equity awards [2]. Group 2: Company Strategy and Expectations - The reverse stock split aims to facilitate the proposed merger with Verde Bioresins and maintain NASDAQ compliance [3]. - The company anticipates that the reverse stock split will lead to an increase in the market price of its Class A common stock, thereby improving share marketability [3]. - The reverse stock split will not change the number of authorized shares and will uniformly affect all stockholders, with fractional shares rounded up to the nearest whole share [3]. Group 3: Company Overview - Nxu, Inc. is a technology company focused on energy storage and charging solutions, supporting e-Mobility initiatives [5].
Lichen China Limited Announces Effective Date of Reverse Stock Split and Name Change
Prnewswire· 2025-02-27 13:30
Core Viewpoint - Lichen China Limited has announced a reverse stock split with a ratio of one-for-two-hundred, effective March 3, 2025, to comply with Nasdaq's minimum bid price requirement [1][2][4]. Group 1: Reverse Stock Split Details - The reverse stock split will affect all issued and outstanding shares of the Company's ordinary shares, increasing the par value to $0.008 per share [3]. - Shareholders will not need to take any action to receive post-split shares, as their positions will be automatically adjusted [5]. - The reverse stock split aims to increase the market price per share, helping the Company meet Nasdaq's $1.00 minimum bid price listing requirement [4]. Group 2: Company Name Change - The Company has officially changed its name from Lichen China Limited to Lichen International Limited, effective March 3, 2025, following shareholder approval [6]. Group 3: Company Background - Lichen China Limited specializes in providing financial and taxation solution services, education support services, and software maintenance services, with over 18 years of experience in the industry [7].
Functional Brands(MEHA) - Prospectus(update)
2025-02-11 11:12
As filed with the Securities and Exchange Commission on February 10, 2025. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FUNCTIONAL BRANDS INC. (formerly HT Naturals Inc.) (Exact name of registrant as specified in its charter) Delaware 325411 85-4094332 (I.R.S. Employer (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Identificat ...
Nuwellis(NUWE) - Prospectus(update)
2024-08-29 01:04
TABLE OF CONTENTS As filed with the Securities and Exchange Commission on August 28, 2024 Registration No. 333-281563 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Nuwellis, Inc. (Exact name of registrant as specified in its charter) (Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service) Delaware 3845 68-0533453 (State or Other Jurisdiction of Incorporat ...
New York munity Bancorp(NYCB) - Prospectus(update)
2024-08-23 20:31
Table of Contents As filed with the Securities and Exchange Commission on August 23, 2024 Registration No. 333-280398 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 NEW YORK COMMUNITY BANCORP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 6036 06-1377322 (Primary Standard Industrial Classification Code Number) (I.R. ...