secwatch.observer — SEC 8-K summary
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Issuer:     CalAmp Corp. (—)
CIK:        0000730255
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0000950170-24-007714
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CalAmp approves 1-for-23 reverse stock split to regain Nasdaq compliance
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- Reverse split at 1:23 ratio effective 5:00 p.m. ET on February 1, 2024; trading symbol CAMP unchanged.
- Split intended to raise bid price above $1.00 to satisfy Nasdaq minimum bid requirement by Feb 18, 2024 deadline.
- Pre-split shares outstanding: 37,969,389; post-split approximately 1,650,843 shares (rounded up fractional shares).
- Stockholders approved the reverse split (range 1:10 to 1:50) at a special meeting on January 25, 2024 with ~25.2M votes for, 2.5M against.
- CUSIP changes to 128126208; transfer agent Equiniti will handle certificate exchange.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730255/000095017024007714/0000950170-24-007714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730255/000095017024007714/camp-20240125.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-007714

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer