secwatch.observer — SEC 8-K summary
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Issuer:     Verastem, Inc. (VSTM)
CIK:        0001526119
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001104659-23-066363
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verastem effects 1-for-12 reverse stock split to meet Nasdaq price requirement
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- Reverse stock split effective 5:00 p.m. ET May 31, 2023; trading on split-adjusted basis June 1 under VSTM.
- Outstanding shares reduced from ~200,872,633 to ~16,739,386; CUSIP changed to 92337C203.
- No fractional shares issued; cash paid at closing price of May 30 adjusted for 1-for-12 ratio.
- Authorized shares remain 300,000,000; par value unchanged at $0.0001 per share.
- Split designed to boost per-share price for continued Nasdaq listing and broader investor appeal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526119/000110465923066363/0001104659-23-066363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526119/000110465923066363/tm2317400d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-066363

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