secwatch.observer — SEC 8-K summary
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Issuer:     VirnetX Holding Corp (VHC)
CIK:        0001082324
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001140361-23-049516
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VirnetX effects 1-for-20 reverse stock split; trading starts Oct 26
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- 1-for-20 reverse stock split effective 4:00 pm ET on Oct 25, 2023; stock begins trading split-adjusted Oct 26 on NYSE under VHC.
- Reverse split approved by stockholders with 31,999,279 for, 6,289,858 against, 671,137 abstentions at Oct 24 special meeting.
- Authorized shares unchanged at 100,000,000; fractional shares paid in cash based on closing price at effective time.
- Proportional adjustments made to outstanding stock options, restricted stock units, and the 2020 warrant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082324/000114036123049516/0001140361-23-049516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082324/000114036123049516/ny20013151x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-049516

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer