FuelCell Energy to effect 1-for-30 reverse stock split on Nov 8 to regain Nasdaq compliance

FUELCELL ENERGY INC

Reverse split effective 5:00 p.m. ET Nov 8; post-split trading begins Nov 11 under symbol FCEL.
Outstanding shares reduced from ~611M to ~20.4M; no change to authorized shares or par value.
Cash paid in lieu of fractional shares based on Nov 8 closing price; new CUSIP 35952H700.
Split intended to increase bid price to meet Nasdaq $1.00 minimum bid requirement.
Equity awards, ESPP, and Series B preferred conversion rate adjusted proportionately.

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

FUELCELL ENERGY INC: Filed Certificate of Amendment to effect a 1-for-30 reverse stock split of common stock (effective 2024-11-08).

Change: charter amendment
Effective: 2024-11-08

Exact text from the filing

On November 7, 2024, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment of the Certificate of Incorporation setting forth the Reverse Stock Split Amendment (the “Certificate of Amendment”), effective as of 5:00 p.m., Eastern Time, on November 8, 2024, to effect the Reverse Stock Split of the issued and outstanding shares of Common Stock and shares of Common Stock held in treasury.

View on SEC.gov

Browse all governance changes →

FUELCELL ENERGY INC filing history →

Source: SEC EDGAR

accession 0001104659-24-115093

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.