Synchronoss approves 1-for-9 reverse stock split, effective Dec 11, 2023

SYNCHRONOSS TECHNOLOGIES INC

Stockholders approved reverse split at ratio 1-for-5 to 1-for-20 at Dec 4 special meeting.
Board set final ratio at 1-for-9; amendment filed Dec 6, effective Dec 11 at 12:01 a.m. ET.
No fractional shares issued; fractional interests rounded up to nearest whole share.
Common stock to trade post-split under same symbol SNCR; new CUSIP 87157B400.
Certificate also limits liability of certain officers as permitted by Delaware law.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SYNCHRONOSS TECHNOLOGIES INC: Approved amendment to Certificate of Incorporation to effect a 1-for-9 reverse stock split and reduction in authorized shares, and to limit officer liability in certain circumstances (effective 2023-12-06).

Change: charter amendment
Effective: 2023-12-06

Exact text from the filing

On December 4, 2023, the stockholders of Synchronoss Technologies, Inc. (the “Company”) approved proposals at a special meeting of stockholders (the “Special Meeting”) amending the Company’s Restated Certificate of Incorporation (as amended, the “Certificate of Incorporation”), to (i) effect a reverse stock split of the Company’s common stock, $0.0001 par value (“Common Stock”), at a ratio in the range of 1-for-5 to 1-to-20, and an associated reduction in the number of shares of Common Stock the Company is authorized to issue and (ii) to limit the liability of certain officers in limited circumstances.

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Source: SEC EDGAR

accession 0001131554-23-000098

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