secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0000950170-23-027032
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cineverse announces 1-for-20 reverse stock split, Nasdaq extends bid price cure to July 19
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- 1-for-20 reverse stock split effective 12:01 a.m. ET June 9, 2023; ticker CNVS with 'D' appended for ~20 trading days.
- Nasdaq grants extension to July 19, 2023 to cure minimum bid price deficiency under Rule 5550(a)(2).
- Reverse split intended to increase share price to meet Nasdaq continued listing requirements; no fractional shares.
- Proportionate adjustments to equity awards and exercise prices; authorized shares and par value unchanged.
- Stockholders approved reverse split ratio at May 30, 2023 special meeting; Board selected 1-for-20.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023027032/0000950170-23-027032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023027032/cnvs-20230607.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-027032

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