Surrozen announces 1-for-15 reverse stock split effective December 13, 2023

Surrozen, Inc./DE

Effective Dec 13, 2023, Surrozen effected a 1-for-15 reverse stock split of its common stock.
Stockholders approved the reverse split at a special meeting on Dec 7, 2023; board set ratio at 1:15.
Common stock begins trading on split-adjusted basis Dec 14, 2023 under same ticker SRZN; new CUSIP 86889P208.
Warrants adjusted: every 15 pre-split warrants now represent 1 share; exercise price increased to $172.50 from $11.50.
No fractional shares issued; cash payments in lieu of fractional shares.

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

Surrozen, Inc./DE: Effected a one-for-fifteen reverse stock split of common stock via a Certificate of Amendment to the Certificate of Incorporation (effective 2023-12-13).

Change: charter amendment
Effective: 2023-12-13

Exact text from the filing

On December 13, 2023, Surrozen, Inc., a Delaware corporation (the “Company”), filed with the Secretary of State of the State of Delaware a Certificate of Amendment to the Company’s Certificate of Incorporation (the “Amendment”), to effect a one-for-fifteen (1:15) reverse stock split of its outstanding common stock, effective as of December 13, 2023 (the “Reverse Stock Split”).

View on SEC.gov

Browse all governance changes →

Surrozen, Inc./DE filing history →

Source: SEC EDGAR

accession 0000950170-23-070103

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.