OpGen announces 1-for-20 reverse stock split to regain Nasdaq $1.00 bid compliance

CapForce Inc.

Reverse split at 1:20 ratio effective Jan 5, 2023; reduces shares from ~58M to ~2.9M.
Purpose is to regain Nasdaq Capital Market minimum $1.00 bid price listing requirement.
No fractional shares issued; stockholders entitled to fractional shares receive cash in lieu.
Common stock continues trading under ticker OPGN; new CUSIP 68373L406 assigned.
Stockholders approved the split at a Special Meeting on November 30, 2022.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CapForce Inc.: Filed an amendment to the Amended and Restated Certificate of Incorporation to effect a 1-for-20 reverse stock split (effective 2023-01-05).

Change: charter amendment
Effective: 2023-01-05

Exact text from the filing

The Company filed the Amendment with the Secretary of State of the State of Delaware on January 4, 2023, and the Reverse Stock Split will become effective in accordance with the terms of the Amendment on January 5, 2023 (the “Effective Time”).

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CapForce Inc. filing history →

Source: SEC EDGAR

accession 0001079973-23-000010

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