Fathom Digital Manufacturing completes 1-for-20 reverse stock split to meet NYSE listing requirement

Fathom Digital Manufacturing Corp

Reverse stock split effective Sept 28, 2023; trading on split-adjusted basis begins Sept 29 under same symbol FATH.
Shares reduced from ~70.1M to ~3.5M (Class A common stock); no fractional shares issued; cash in lieu.
Purpose: raise per-share price to meet NYSE's minimum $1.00 average closing price for continued listing.
Warrants and stock-based awards proportionately adjusted; new CUSIP 31189Y202.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Fathom Digital Manufacturing Corp: Amended and Restated Certificate of Incorporation to effect a 1-for-20 reverse stock split (effective 2023-09-28).

Change: charter amendment
Effective: 2023-09-28

Exact text from the filing

The Reverse Stock Split became effective on September 28, 2023 upon filing of the Amended and Restated Certificate of Incorporation of the Company (the “A&R Charter”) with the Secretary of State of the State of Delaware (the “Effective Time”).

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Source: SEC EDGAR

accession 0000950170-23-050473

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