secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001140361-23-050802
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadway Financial Corporation completes 1-for-8 reverse stock split, effective November 1, 2023
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- Every 8 shares of Common Stock combined into 1 share; no fractional shares issued; fractions paid in cash.
- Outstanding shares reduced from pre-split count to approximately 9,019,187 shares.
- Reverse split approved by Board on Sep 20, 2023, and by stockholders on Jun 21, 2023.
- Class A shares began trading on Nasdaq on post-split basis Nov 1, 2023, under new CUSIP 111444709.
- Fractional shares rounded down; cash payment based on closing price on trading day before effective date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036123050802/0001140361-23-050802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036123050802/ef20013758_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-050802

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