secwatch.observer — SEC 8-K summary
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Issuer:     Polished.com Inc. (—)
CIK:        0001810140
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001013762-23-005435
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Polished.com announces 1-for-50 reverse stock split effective Oct 20, 2023 to regain NYSE American compliance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810140/000101376223005435/0001013762-23-005435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810140/000101376223005435/ea187015-8k_polished.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-005435

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