---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-078590"
form_type: "8-K"
ticker: "SPRB"
cik: "0001683553"
company_name: "SPRUCE BIOSCIENCES, INC."
filed_at: "2025-05-29T23:59:59+00:00"
generated_at: "2026-05-20T05:53:44.415114+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Spruce Biosciences issues Series A Preferred with 22M votes to Executive Chair to enable reverse stock split vote

## Summary
- Sold one share of Series A Preferred to Executive Chair Michael Grey for $100; shares have 22,000,000 votes on reverse stock split proposals only.
- Series A votes must mirror common stock vote proportion on reverse split; abstentions/broker non-votes excluded, reducing their effect.
- Series A automatically redeemed upon stockholder approval of reverse split; also redeemable at Board's discretion.
- Company sets 2025 Annual Meeting for July 22, 2025; record date May 30; stockholder proposals due June 5.
- Stock trades on OTC Pink since April 29; reverse split likely aimed at regaining exchange listing compliance.

## SEC filing metadata
- accession: 0000950170-25-078590
- form_type: 8-K
- ticker: SPRB
- cik: 0001683553
- company_name: SPRUCE BIOSCIENCES, INC.
- filed_at: 2025-05-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 3.03, 5.08, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1683553/000095017025078590/0000950170-25-078590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1683553/000095017025078590/sprb-20250528.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-078590
- JSON: https://secwatch.observer/filing/0000950170-25-078590.json
- Plain text: https://secwatch.observer/filing/0000950170-25-078590.txt

## Key facts
- Governance Changes
  SPRUCE BIOSCIENCES, INC.: Filed Certificate of Designation for Series A Preferred Stock, establishing preferences, rights, and limitations including 22,000,000 votes limited to voting on a Reverse Stock Split Proposal, non-convertibility, $100.00 liquidation preference, transfer restrictions, and redemption provisions (effective 2025-05-28).
  - Change: charter amendment
  - Effective: 2025-05-28
  source text: On May 28, 2025, in connection with the Purchase Agreement, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Series A Preferred Stock (the “Series A Certificate of Designation”) with the Secretary of State of the State of Delaware.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683553/000095017025078590/0000950170-25-078590-index.htm

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