secwatch.observer — SEC 8-K summary
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Issuer:     Praxis Precision Medicines, Inc. (PRAX)
CIK:        0001689548
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0001104659-23-120776
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Praxis Precision Medicines announces 1-for-15 reverse stock split effective Nov 28, 2023
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- Board approved final ratio of 1-for-15, within previously authorized range of 1-for-5 to 1-for-25.
- Reverse split becomes effective 5:00 p.m. ET on Nov 28, 2023; split-adjusted trading on Nov 29 under ticker PRAX.
- No fractional shares will be issued; shareholders receive cash payment based on closing price before effectiveness.
- New CUSIP number for common stock post-split: 74006W 207.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1689548/000110465923120776/0001104659-23-120776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1689548/000110465923120776/tm2331244d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-120776

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