Charah Solutions, Inc.: Nasdaq/NYSE listing notice — Charah Solutions receives NYSE delisting notice for low stock price; implements 1:10 reverse split

Charah Solutions, Inc.

NYSE notified Charah on Dec 28 that avg closing price below $1.00 over 30-day period; 6-month cure period.
Company to respond within 10 business days; considering all options including reverse stock split.
Reverse split effective Dec 29 at 5:00 PM ET; shares reduced from ~33.7M to ~3.37M.
Common stock continues trading on NYSE under 'CHRA' with new CUSIP; no change in authorized shares.
Equity plans and awards adjusted proportionately to reflect the reverse split.

item 3.01 item 3.03 item 5.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Charah Solutions, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

December 28, 2022, Charah Solutions, Inc. (the “ Company ”) received a notice (the “ Notice ”) from the New York Stock Exchange (the “ NYSE ”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s common stock, par value $0.01 per share (the “ Common Stock ”), was less than $1.00 over a consecutive 30 trading-day period. The Notice has no immediate impact on the listing of the Company’s Common Stock, which will continue to be listed and traded on the NYSE during this period, subject to the Company’s compliance w

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

Charah Solutions, Inc.: Filed a Certificate of Amendment to effect a one-for-ten reverse stock split of common stock, effective December 29, 2022 (effective 2022-12-29).

Change: charter amendment
Effective: 2022-12-29

Exact text from the filing

the Company has filed a Certificate of Amendment (the “ Amendment ”) to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware. The Amendment, effective as of 5:00 p.m. Eastern Time on December 29, 2022

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Source: SEC EDGAR

accession 0001140361-22-047644

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