secwatch.observer — SEC 8-K summary
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Issuer:     FLOTEK INDUSTRIES INC/CN/ (FTK)
CIK:        0000928054
Form:       8-K
Filed at:   2023-09-25T23:59:59+00:00
Accession:  0000928054-23-000188
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flotek Industries executes 1-for-6 reverse stock split to regain NYSE listing compliance
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- Reverse stock split effective as of 4:01 p.m. ET on September 25, 2023; shares begin trading split-adjusted on September 26 under symbol FTK.
- Each six pre-split shares converted into one post-split share; fractional shares rounded up to whole shares, no cash paid.
- Par value and number of authorized shares unchanged; each stockholder's percentage ownership unchanged except for fractional share adjustments.
- New CUSIP number for post-split shares is 343389409; stockholders holding certificates may surrender them to transfer agent Equiniti.
- Company anticipates the split will help regain NYSE continued listing compliance, but no assurance is given.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928054/000092805423000188/0000928054-23-000188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928054/000092805423000188/usgaap-20230925.htm
  HTML page:      https://secwatch.observer/filing/0000928054-23-000188

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