Assure Holdings effects 20:1 reverse stock split to meet NASDAQ bid price requirement

Assure Holdings Corp.

Reverse split at 20:1 ratio effective March 4, 2023; trading on split-adjusted basis begins March 6, 2023.
Pre-split shares outstanding: 22,021,952; post-split: approx. 1,101,098 shares.
Authorized shares reduced from 180M to 9M; fractional shares rounded up to whole shares.
Split intended to bring common stock into compliance with NASDAQ minimum bid price requirement.
CUSIP changes to 04625J303; ticker remains IONM.

item 3.03 item 5.03 item 7.01 item 8.01 item 9.01

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 0.95

Assure Holdings Corp.: The Board of Directors approved a reverse stock split and filed a Certificate of Change with the Nevada Secretary of State to amend the Articles of Incorporation to effect the reverse split, effective March 4, 2023 (effective 2023-03-04).

Change: charter amendment
Effective: 2023-03-04

Exact text from the filing

On March 2, 2023, the Company filed the Certificate of Change with the Nevada Secretary of State pursuant to NRS 78.209, which amends the Company’s Articles of Incorporation to effect the Reverse Split, effective at the Effective Time. Pursuant to 78.209, the Board of Directors may terminate the Reverse Split at any time prior to the Effective Time by resolution and filing of a certificate of termination.

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Source: SEC EDGAR

accession 0001104659-23-028525

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