Minerva Surgical announces 1-for-20 reverse stock split effective Sept 29, trading on Nasdaq begins Oct 2

MINERVA SURGICAL INC

Board set reverse split ratio at 1-for-20 on Sept 19, 2023; shareholders had approved range of 1-for-5 to 1-for-25.
Split effective 11:59 p.m. Sept 29; post-split trading under symbol UTRS starts Oct 2 with new CUSIP 60343F205.
Every 20 pre-split shares combine into 1 share; equity awards proportionately adjusted.
No fractional shares issued; holders receive cash based on closing price on day before effective time.
Par value ($0.001) and stockholders' percentage interest remain unchanged.

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

MINERVA SURGICAL INC: Filed Certificate of Amendment to effect a 1-for-20 reverse stock split of common stock, effective at 11:59 p.m. on September 29, 2023 (effective 2023-09-29).

Change: charter amendment
Effective: 2023-09-29

Exact text from the filing

On September 28, 2023, Minerva Surgical Inc. (the “Company”), filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “Amendment”) with the Secretary of State of the State of Delaware to effect a 1-for-20 reverse stock split (the “Reverse Stock Split”) of the Company’s shares of common stock, $0.001 par value (the “Common Stock”).

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Source: SEC EDGAR

accession 0000950170-23-050809

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