secwatch.observer — SEC 8-K summary
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Issuer:     Stronghold Digital Mining, Inc. (—)
CIK:        0001856028
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001140361-23-025768
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856028/000114036123025768/0001140361-23-025768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856028/000114036123025768/brhc20053201_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-025768

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