secwatch.observer — SEC 8-K summary
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Issuer:     SPRUCE BIOSCIENCES, INC. (SPRB)
CIK:        0001683553
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0000950170-25-098340
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.03, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spruce Biosciences to effect 1-for-75 reverse stock split on Aug 4 to regain Nasdaq compliance
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- Reverse stock split effective 5:00 p.m. ET on August 4, 2025; shares trade split-adjusted on OTC Pink on August 5.
- Outstanding shares reduce from ~42.2M to ~0.6M; no fractional shares issued, cash payments in lieu.
- Stock will return to Nasdaq Capital Market if minimum bid price is met for 20 consecutive trading days after effective date.
- Stockholders approved reverse split at annual meeting on July 22; board set ratio at 1:75.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683553/000095017025098340/0000950170-25-098340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683553/000095017025098340/sprb-20250722.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-098340

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