---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-025768"
form_type: "8-K"
ticker: null
cik: "0001856028"
company_name: "Stronghold Digital Mining, Inc."
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T20:05:18.523018+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-025768
- form_type: 8-K
- cik: 0001856028
- company_name: Stronghold Digital Mining, Inc.
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856028/000114036123025768/0001140361-23-025768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856028/000114036123025768/brhc20053201_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-025768
- JSON: https://secwatch.observer/filing/0001140361-23-025768.json
- Plain text: https://secwatch.observer/filing/0001140361-23-025768.txt

## Key facts
- Governance Changes
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856028/000114036123025768/0001140361-23-025768-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.