secwatch.observer — SEC 8-K summary
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Issuer:     FLOTEK INDUSTRIES INC/CN/ (FTK)
CIK:        0000928054
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0000928054-23-000172
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Flotek Industries announces 1-for-6 reverse stock split effective Sept 25, 2023 to regain NYSE compliance
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- Board approved 1-for-6 reverse stock split, effective after market close on Sept 25, 2023.
- Common stock to trade on split-adjusted basis under symbol FTK starting Sept 26, 2023; new CUSIP 343389409.
- No fractional shares issued; any fractional interest rounded up to nearest whole share.
- Reverse split aims to help Flotek regain NYSE continued listing compliance, but no assurance.
- Percentage ownership and voting power remain substantially unchanged except for fractional share adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928054/000092805423000172/0000928054-23-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928054/000092805423000172/usgaap-20230914.htm
  HTML page:      https://secwatch.observer/filing/0000928054-23-000172

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