TechPrecision announces 1-for-4 reverse stock split effective Feb 24, 2023; authorized shares reduced to 50M

TECHPRECISION CORP

Reverse stock split at 1-for-4 ratio effective for trading on OTCQB on Feb 24, 2023.
Outstanding shares reduced from ~34.4M to ~8.6M; no fractional shares issued.
Temporary trading symbol 'TPCSD' for 20 business days, then returns to 'TPCS'.
Authorized shares reduced from 90M to 50M; new CUSIP 878739 200.
Purpose: to prepare for potential listing on Nasdaq Capital Market or other national exchange.

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

TECHPRECISION CORP: Filed Certificate of Incorporation amendment to effect a 1-for-4 reverse stock split and reduce authorized shares from 90,000,000 to 50,000,000 (effective 2023-02-23).

Change: charter amendment
Effective: 2023-02-23

Exact text from the filing

On February 21, 2023, TechPrecision Corporation (the “ Company ”) filed a Certificate of Incorporation (the “ Amendment ”) with the Secretary of State of the State of Delaware to (i) effect a 1-for-4 reverse stock split (the “ Reverse Stock Split ”) of the Company’s shares of common stock, $0.0001 par value (the “ Common Stock ”), and (ii) effect a related reduction in the number of the Company’s authorized shares of Common Stock from 90,000,000 to 50,000,000 (the “ Authorized Share Reduction ”).

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11 governance changes filed in the last 30 days. Browse all governance changes →

TECHPRECISION CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-024816

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