secwatch.observer — SEC 8-K summary
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Issuer:     FLOTEK INDUSTRIES INC/CN/ (FTK)
CIK:        0000928054
Form:       8-K
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0000928054-23-000169
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flotek expects positive adjusted EBITDA in Q3, announces 1-for-6 reverse stock split
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- Expects positive adjusted EBITDA in Q3 2023, accelerating from year-end target; first half 2023 revenue up ~$56M YoY.
- Board approves 1-for-6 reverse stock split effective after market close on Sept 25, 2023; begins trading Sept 26 under FTK.
- Reverse split designed to regain NYSE continued listing compliance; no fractional shares issued.
- Company also changed principal executive office to 5775 N. Sam Houston Pkwy W., Suite 400, Houston, TX 77086.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928054/000092805423000169/0000928054-23-000169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928054/000092805423000169/usgaap-20230914.htm
  HTML page:      https://secwatch.observer/filing/0000928054-23-000169

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