Stronghold Digital Mining effects 1-for-10 reverse stock split to regain Nasdaq compliance

Stronghold Digital Mining, Inc.

Reverse split effective May 15, 2023, at 5:00 p.m. ET; every 10 shares combined into 1, fractional shares rounded up.
Split authorized by stockholders in Jan 2023; Board approved 1:10 ratio on May 12, 2023.
Class A common stock trades on Nasdaq under SDIG with new CUSIP 86337R202; closing bid must be ≥$1.00 for 10 days by May 30, 2023.
April 2023 private placement raised $10M at $1.00/share including warrants; pro forma balance sheet updated.
Unaudited pro forma and selected financial data provided to reflect reverse split and private placement.

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.

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

Stronghold Digital Mining, Inc.: Filed Certificate of Amendment to effect a 1-for-10 reverse stock split of Class A common stock and Class V common stock, effective May 15, 2023 (effective 2023-05-15).

Change: charter amendment
Effective: 2023-05-15

Exact text from the filing

On May 15, 2023, Stronghold Digital Mining, Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Second Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) with the Secretary of State of Delaware to effect a 1-for-10 reverse stock split of the shares of the Company’s Class A common stock, par value $0.0001 per share (the “Class A common stock”) and the Company’s Class V common stock, par value $0.0001 per share (the “Class V common stock” and, together with the Class A common stock, the “Common Stock”), effective as of 5:00 p.m. Eastern time (the “Effective Time”) on May 15, 2023 (the “Reverse Stock Split”).

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0001140361-23-025768

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.