{"schema_version":"secwatch.filing_event.v1","accession":"0001013762-23-005435","form_type":"8-K","ticker":null,"cik":"0001810140","company_name":"Polished.com Inc.","filed_at":"2023-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.578328+00:00","generated_at":"2026-06-09T18:49:33.862615+00:00","sec_items":["5.03","5.07","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Polished.com announces 1-for-50 reverse stock split effective Oct 20, 2023 to regain NYSE American compliance","bullets":["Stockholders at Oct 19 special meeting approved reverse split ratio of 1-for-50; board set ratio.","Effective 12:01 a.m. ET on Oct 20, 2023; shares reduced from ~105.5M to ~2.1M.","Reverse split intended to meet $0.20 minimum closing price required for continued NYSE American listing.","No change to par value; fractional shares paid in cash; ticker remains 'POL'.","CUSIP changed to 28252C 208."],"urls":{"canonical":"https://secwatch.observer/filing/0001013762-23-005435","json":"https://secwatch.observer/filing/0001013762-23-005435.json","markdown":"https://secwatch.observer/filing/0001013762-23-005435.md","text":"https://secwatch.observer/filing/0001013762-23-005435.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1810140/000101376223005435/0001013762-23-005435-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1810140/000101376223005435/ea187015-8k_polished.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T18:49:33.862615+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7cdfcf33e8ffbeec6abafc580c1ebf78fbb311e5","claim":"Polished.com Inc.: Approved amendment to Certificate of Incorporation to effect a 1-for-50 reverse stock split (effective 2023-10-20).","evidence_excerpt":"On October 19, 2023, the Company filed with the Secretary of State of the State of Delaware the Certificate of Amendment to effect a reverse stock split (the “Reverse Split”) of the Company’s common stock at an exchange ratio of 1 for 50, which was approved by the Board. The Reverse Split was effective at 12:01 a.m. Eastern Time on October 20, 2023 (the “Effective Time”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810140/000101376223005435/0001013762-23-005435-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-10-20"}],"fact_type":"governance_change"},{"claim_id":"aeed1c6a65b78f73971455457ec21c01a0b95df7","claim":"Polished.com Inc. shareholders approved The adjournment of the Special Meeting in the event the Company did not receive the requisite stockholder vote to approve the Reverse Split Proposal or establish a quorum at the 2023-10-19 meeting.","evidence_excerpt":"Proposal 2 The Company’s stockholders approved the adjournment of the Special Meeting in the event the Company did not receive the requisite stockholder vote to approve the Reverse Split Proposal or establish a quorum.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810140/000101376223005435/0001013762-23-005435-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-10-19"}],"fact_type":"shareholder_vote"},{"claim_id":"b317878f4418b9f3209a655e2dd31b700c570fad","claim":"Polished.com Inc. shareholders approved An amendment to the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company's common stock at an exchange ratio between 1 for 25 and 1 for 75, as determined by the Company's Board of Directors at the 2023-10-19 meeting.","evidence_excerpt":"Proposal 1 The Company’s stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company’s common stock at an exchange ratio between 1 for 25 and 1 for 75, as determined by the Company’s Board of Directors.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810140/000101376223005435/0001013762-23-005435-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-10-19"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}