Surrozen stockholders approve 1-for-15 reverse stock split, effective Dec 13, 2023

Surrozen, Inc./DE

Special meeting Dec 7: 16.2M shares for, 784K against, 0.5K abstain on reverse-split amendment.
Board set ratio at 1:15; effective Dec 13; every 15 shares convert to 1 share, no par value change.
Common stock trades split-adjusted on Nasdaq under SRZN starting Dec 14; new CUSIP 86889P208.
Warrants adjusted: exercise price increases to $172.50 from $11.50; shares per warrant reduced proportionately.
No fractional shares issued; cash paid in lieu of fractional shares; par value remains $0.0001.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Surrozen, Inc./DE shareholders approved Approval of an amendment to the certificate of incorporation to effect a reverse stock split of the Company’s issued and outstanding common stock at the 2023-12-07 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2023-12-07

Exact text from the filing

Proposal 1: Approval of an amendment to the certificate of incorporation to effect a reverse stock split of the Company’s issued and outstanding common stock, as disclosed in the proxy statement. For Against Abstain 16,220,409 784,459 534

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Surrozen, Inc./DE filing history →

Source: SEC EDGAR

accession 0000950170-23-069405

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