---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-131275"
form_type: "8-K"
ticker: "FTCI"
cik: "0001828161"
company_name: "FTC Solar, Inc."
filed_at: "2024-11-27T23:59:59+00:00"
generated_at: "2026-05-29T15:04:33.368684+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FTC Solar announces 1-for-10 reverse stock split effective Nov 29, 2024 to meet Nasdaq bid price rule

## Summary
- 1-for-10 reverse stock split effective 5:00 PM ET Nov 29, 2024; adjusted trading starts Dec 2, 2024.
- Outstanding shares reduced from ~127.8M to ~12.8M; no change in authorized shares or par value.
- Split intended to remedy Nasdaq's minimum $1.00 bid price per share requirement.
- Stockholders approved split at Nov 8 special meeting; board set ratio at 1-for-10.
- New CUSIP number 30320C 301; trading symbol FTCI unchanged.

## SEC filing metadata
- accession: 0000950170-24-131275
- form_type: 8-K
- ticker: FTCI
- cik: 0001828161
- company_name: FTC Solar, Inc.
- filed_at: 2024-11-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828161/000095017024131275/0000950170-24-131275-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828161/000095017024131275/ftci-20241126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-131275
- JSON: https://secwatch.observer/filing/0000950170-24-131275.json
- Plain text: https://secwatch.observer/filing/0000950170-24-131275.txt

## Key facts
- Governance Changes
  FTC Solar, Inc.: The Company filed a Certificate of Amendment to effect a 1-for-10 reverse stock split of its common stock, effective November 29, 2024 (effective 2024-11-29).
  - Change: charter amendment
  - Effective: 2024-11-29
  source text: As previously disclosed, at a special meeting of stockholders held on November 8, 2024, the stockholders of FTC Solar, Inc. (the “Company”) approved a proposal to authorize the Company’s board of directors (the “Board”) to amend the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split (the “Reverse Stock Split”) of all outstanding shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), at a ratio ranging from 1-for-5 to 1-for-25, with the actual split ratio and the split effective time to be determined by the Board in its discretion. The Board has approved the Reverse Stock Split at a ratio of 1-for-10, and on November 26, 2024, the Company filed with the Delaware Secretary of State a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split. The Reverse Stock Split will become effective at 5:00 p.m., Eastern Time, on No
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828161/000095017024131275/0000950170-24-131275-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.