secwatch.observer — SEC 8-K summary
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Issuer:     Medalist Diversified, Inc. (MDRR)
CIK:        0001654595
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001104659-23-055560
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Medalist Diversified REIT completes 1-for-8 reverse stock split to meet Nasdaq $1 bid requirement
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- Reverse stock split effective 5:00 p.m. ET May 3, 2023; shares reduced from 17.8M to ~2.2M.
- Common stock begins trading on split-adjusted basis May 4 under same ticker MDRR; new CUSIP 58403P303.
- Fractional shares settled in cash based on closing price May 3.
- Split intended to help regain $1.00 minimum bid price compliance for Nasdaq listing; no assurance of success.
- All stockholders affected uniformly; no percentage ownership change except for fractional share cash-out.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654595/000110465923055560/0001104659-23-055560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654595/000110465923055560/tm2314153d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-055560

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